Since January, 2003
            
 (a random before-and-after moment)
February 3, 2007
October 23, 2016
2nd (East) at K, Looking West-Northwest (see more)

A press release sent out on Tuesday is trumpeting the sales of two of the buildings in the "Capitol Yards" lineup, 909 New Jersey and the Axiom at 100 I Street, the completion of a pending deal that I first wrote about in January. However, back then, residents in Axiom's sibling, the Jefferson at 70 I, were also notified that their building was under contract, but that deal apparently didn't complete with the other two. The 448-unit Jefferson was the priciest of the three offers, at about $165 million, compared to about $94 million for the 245-unit Axiom and $95 million for the 237-unit 909.
Did the Jefferson's residents go out back with metal detectors and find the $165 million needed to purchase the property themselves? Or are there a few more i's to dot and t's to cross to finish the deal? Or is something else afoot?
In the 100 I and 909 New Jersey sales, the buyers are "institutional investors advised by J.P. Morgan Asset Management."
The three buildings were completed by JPI back in 2008 and 2009, but the recession hit the company hard and eventually two of its executives boltered to partner with folks from Akridge to form the Jefferson Apartment Group. But 70/100/909 apparently remained part of JPI's holdings, as did the empty lot at 23 I Street where JPI's fourth apartment building had been planned, until it was foreclosed upon and picked up by Ruben Companies in late 2009. The three buildings, completed in 2008 and 2009, have been managed by Greystar ever since JPI sold its property management division to the company.
UPDATE: I'm hearing chatter that residents of 70 I did form a tenant association to attempt to buy the building themselves, which then adds some additional time to the deal to allow the residents to find financing to match the initial offer. Anyone from the building want to chime in?
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Alan says: (5/2/12 11:41 AM)
A tenant association was formed at 70 I St with the help/prodding/urging of a law firm (Venable, I believe) and there were near-weekly meetings urging residents to join the association and then...nothing. There was a notice posted about electing officers but that meeting was held at the law firm and it's been silence ever since.

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Recent Crime Incidents Archive  
1100 B/O NEW JERSEY AVE SE   THEFT
Theft 2nd Degree (theft From Building)
 12/08/16
1100 B/O NEW JERSEY AVE SE   THEFT
Theft First Degree (shoplifting)
 12/08/16
700 B/O L ST SE   THEFT FROM AUTO
Theft (theft From Motor Vehicle)
 12/05/16
300 B/O TINGEY ST SE   THEFT
Theft 2nd Degree (all Other Larceny)
 12/01/16
1100 B/O NEW JERSEY AVE SE   THEFT
 11/28/16
900 B/O POTOMAC AVE SE   THEFT F/AUTO
 11/27/16
500 B/O L ST SE   HOMICIDE
GUN
 11/27/16
1300 B/O WATER ST SE   MOTOR VEHICLE THEFT
 11/23/16
1200 B/O HALF ST SE   THEFT F/AUTO
 11/23/16
500 B/O M ST SE   THEFT
 11/22/16
100 B/O L ST SE   MOTOR VEHICLE THEFT
 11/22/16
1200 B/O HALF ST SE   THEFT
 11/21/16
1000 B/O 1ST ST SE   THEFT F/AUTO
 11/19/16
800 B/O L ST SE   THEFT F/AUTO
 11/18/16
300 B/O TINGEY ST SE   THEFT
 11/18/16
1000 B/O 8TH ST SE   ASSAULT W/DANGEROUS WEAPON
KNIFE
 11/18/16
1100 B/O 10TH ST SE   THEFT F/AUTO
 11/18/16
250 B/O L ST SE   THEFT F/AUTO
 11/17/16
1000 B/O 2ND PLACE SE   THEFT F/AUTO
 11/14/16
800 B/O L ST SE   THEFT F/AUTO
 11/13/16
1000 B/O 5TH ST SE   THEFT
 11/12/16
300 B/O L ST SE   ROBBERY
GUN
 11/11/16
1100 B/O 1ST ST SE   THEFT F/AUTO
 11/10/16
50 B/O K ST SE   THEFT F/AUTO
 11/10/16
1200 B/O 1ST ST SE   THEFT
 11/10/16
700 B/O L ST SE   THEFT
 11/09/16

Recent Issued Building Permits Archive  
1233 1ST ST SE   
11/30/16 
null
P1701624 / SUPPLEMENTAL
1277 1ST ST SE   
12/06/16 
NA U.S. POOLS / NA U.S. POOLS; ANDY MCKELVEY
SP1600042 / CONSTRUCTION
Construct new rooftop swimming pool multifamily building
1212 4TH ST SE   
12/07/16 
FC 1212 LLC / OTIS ELEVATOR COMPANY
ER1700579 / SHOP DRAWING
Replacement of the steel coated belts on elevator #2
1220 12TH ST SE   
12/05/16 
WASHINGTON GAS LIGHT CO / null
E1701758 / SUPPLEMENTAL
909 HALF ST SE   
12/07/16 
23 LLC / null
E1701848 / SUPPLEMENTAL
50 M ST SE   
11/29/16 
KCG 50 M LLC / SHAKE SHACK LLC; KIM MITCHELL CDKM CONSULTING LLC
TL1600110 / CONSTRUCTION
INTERIOR BUILD OUT OF A QUICK SERVICE RESTAURANT SHAKE SHACK ON THE GROUND LEVEL OF AN EXISTING BUILDING
   
12/02/16 
KCG 50 M LLC / null
P1701734 / SUPPLEMENTAL
   
12/06/16 
KCG 50 M LLC / KENNETH J. LEMERE
E1701800 / SUPPLEMENTAL
   
12/07/16 
KCG 50 M LLC / GERARD D. RODINO
M1700633 / SUPPLEMENTAL
80 M ST SE   
11/30/16 
WELLS REIT II 80 M STREET LLC / WELLS REIT II 80 M ST LLC; JOHN GIUSEPPE-RAMCO
D1700109 / CONSTRUCTION
interior demolition to entrance lobby and fitness center as shown on the attached demolition dwgs. no change in use, no structural work involved, Interior work only.
83 M ST SE   
12/07/16 
POTOMAC ELECTRIC POWER COMPANY
AH1700240 / CONSTRUCTION
Install and splice cable in manholes using the manhole access permit PA10195264-R1. Each location will provide a typical TCP for the work. This permit will include work on Sundays. We will be working in the following locations under this permit: 24th & L Street NW 14th & Independence Ave SW
99 M ST SE   
12/02/16 
BALL PARK SQUARE 701 LLC / BALL PARK SQUARE 701 LLC; FRANCISCO CRANERENTAL CO.
AH1700230 / CONSTRUCTION
AFTER HOURS PERMIT TO WORK ON SATURDAY FROM 4AM TO 7AM IN CONJUNCTION WITH D-DOT PERMIT # 10355466
300 M ST SE   
11/30/16 
NIT PAPA
PC92946715 / POST CARD
Repairing a fence up to a height of 7 feet (2.13 meters) above grade, entirely on private property and behind the building restriction line.
861 NEW JERSEY AVE SE   
11/21/16 
NA CSX TRANSPORTATION INC.
AH1700194 / CONSTRUCTION
Work in public ROW within the Virginia Avenue Tunnel Reconstruction Project LOD for utility, demolition, and concrete structure construction activities.
1100 NEW JERSEY AVE SE 840   
12/07/16 
SQUARE 742LLC SPAULDING & SLYE C/O WC SMITH / SQUARE 742LLC SPAULDING & SLYE C/O WC SMITH; WILLIAM SNODDY
B1700109 / CONSTRUCTION
Interior Renovation / Expansion on the 8th Floor On Behalf of Trusted Health. Approx. 3172SF
1200 SOUTH CAPITOL ST SE   
12/06/16 
AG/MR SQUARE 700 OFFICE OWNER, LLC / KIM MITCHELL CDKM CONSULTING
FD1600013 / CONSTRUCTION
FOUNDATION TO GRADE. CONSTRUCTION OF AN 11-STORY BUILDING (PART OFFICE AND PART RESIDENTIAL), 3 LEVELS OFSUBSURFACE PARKING, GREEN ROOF, AND PROPOSED STREET TREES.
AH = After Hours; B = Alteration & Repair; D = Demolition; E = Electrical; FB = Boiler; M = Mechanical; P = Plumbing and Gas; PC = Post Card; R = Raze; SG = Sign; TL = Tenant Layout; TN = Tent; RW = Retaining Wall;

Real Property Sales Archive  
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909 New Jersey Ave. ('09)
55 M ('09)
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