Since January, 2003
            
 (a random before-and-after moment)
May 4, 2003
May 26, 2013
1st at M, Looking North-Northeast (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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City Government Data for Near Southeast Records added or updated recently displayed here; click the "archive" links to see additional detail and older records. All data from DC Government databases and RSS feeds. JDLand takes no responsibility for errors, omissions, etc. (read CapStat disclaimer). Data is retrieved daily.

Recent Crime Incidents Archive  
UNIT B/O L ST SE   THEFT
Theft 2nd Degree (all Other Larceny)
 02/03/16
1100 B/O NEW JERSEY AVE SE   THEFT
Theft 2nd Degree (theft From Building)
 01/31/16
900 B/O NEW JERSEY AVE SE   THEFT FROM AUTO
Theft (theft From Motor Vehicle)
 01/29/16
1100 B/O NEW JERSEY AVE SE   THEFT
Theft 2nd Degree (theft From Building)
 01/19/16
1100 B/O NEW JERSEY AVE SE   THEFT
Theft First Degree (all Other Larceny)
 01/18/16
70 B/O I ST SE   THEFT FROM AUTO
Theft 2nd Degree (theft From Motor Vehicle)
 01/11/16
800 B/O L ST SE   THEFT FROM AUTO
Theft (theft From Motor Vehicle)
 01/10/16
1100 B/O NEW JERSEY AVE SE   THEFT
Theft 2nd Degree (all Other Larceny)
 01/09/16
1100 B/O NEW JERSEY AVE SE   THEFT
Theft 2nd Degree (all Other Larceny)
 01/09/16

Recent Issued Building Permits Archive  
1011 1ST ST SE   
02/06/16 
NA NA NA
EHOP1690325 / HOME OCCUPATION
1025 1ST ST SE   
01/20/16 
RUSS TYLER
PC38173572 / POST CARD
INSTALLATION OF NOT MORE THAN 1 NEW AIR CONDITIONING UNIT UP TO A MAXIMUM OF 10-TONS OF EQUIVALENT REFRIGERATING EFFECT.
1277 1ST ST SE   
02/04/16 
BALLPARK RESIDENTIAL LLC / MILLER&LONG MILLER&LONG
AH1600342 / CONSTRUCTION
AFTERHOURS TO POUR AND FINISH CONCRETE FROM2 / 3 / 2016 TO 3 / 3 / 2016 FROM 5AM TO 9PM. BUILDING PERMIT B1403488
1300 4TH ST SE   
02/05/16 
FC 1346 LLC / MELISSA DIAZ DFM DEVELOPMENT
SH1500076 / CONSTRUCTION
SUPPORT OF EXCAVATION FOR DEVELOPMENT AT 1300 4TH ST SE.
1240 12TH ST SE   
01/22/16 
AECOM TECHNICAL SERVICE
B1603969 / CONSTRUCTION
EXTENSION OF EXISTING PERMIT B1503361. TO EXPIRE 6.14.16
82 I ST SE   
01/29/16 
JOHN MORIARTY & ASSOCIATES OF VIRGINIA / KTT PERMIT EXPE LLC
AH1600329 / CONSTRUCTION
CONTRACTOR TO PERFORM BRICK MASONRY WORK ON EXTERIOR OF BUILDING. SUNDAYS ONLY - 9AM TO 5PM - 1 / 31 / 16 2 / 7 / 16 2 / 14 / 16 AND 2 / 28 / 16.
   
01/29/16 
CSX TRANSPORTATION INC / DANIEL M. NARH
P1603168 / SUPPLEMENTAL
317 L ST SE   
01/21/16 
NA NA NA
EHOP1690275 / HOME OCCUPATION
50 M ST SE   
02/05/16 
KCG 50 M LLC / OWENS TECHNOLOGIES INC
AH1600352 / CONSTRUCTION
AFTER HOURS PERMIT TO ALLOW THE FINISHING OF NEWLY PLACED CONCRETE FROM THE END OF THE NORMAL WORK DAY UNTIL 12AM UNDER PERMIT B1501877.
55 M ST SE   
01/29/16 
HINES GLOBAL REIT 55 M STREET LLC / PEPCO PEPCO
AH1600334 / CONSTRUCTION
NIGHT WORK NECESSARY FOR CONSTRUCTION OF CONDUIT AND MANHOLES FOR SERVICE AT 1277 FIRST ST. SE TO PREVENT INTERFERENCE WITH DDOT PARKING GARAGE. PUBLIC SPACE PERMIT PA114427-R2.
   
02/03/16 
WILLIAM SNODDEY / JOSEPH SEMPER; WILLIAM SNODDEY; JOSEPH SEMPER
E22238682 / SUPPLEMENTAL
   
02/05/16 
HINES GLOBAL REIT 55 M STREET LLC /
P1603423 / SUPPLEMENTAL
80 M ST SE   
02/03/16 
REIT WELLS
PC63025208 / POST CARD
REPLACEMENT OR REPAIR OF NOT MORE THAN 10 EXISTING OUTLETS AND NOT MORE THAN 10 EXISTING LIGHTING FIXTURES FOR A RESIDENTIAL COMMERCIAL OR INDUSTRIAL PROJECT.
99 M ST SE   
01/21/16 
BALLPARK SQUARE 701 LLC / JOSEPH E RICHARDS
E1603127 / SUPPLEMENTAL
   
02/03/16 
BALLPARK SQUARE 701 LLC / JOSEPH E RICHARDS
E1603392 / SUPPLEMENTAL
100 M ST SE   
01/29/16 
PARSONS COMPANY / STANLEY-CSS
B1604162 / CONSTRUCTION
INSTALL MAGNETIC LOCK W / REX SENSOR REX BUTTON AND FIRE UNLOCK RELAY INTEGRATION AS REQUIRED UNDER IBC 1008.1.9.8
   
01/21/16 
MONUMENT REALTY MONUMENT REALTY / CLINTON PARKER; MONUMENT REALTY MONUMENT REALTY; PIERRE CHOUPO
AR80952153 / SUPPLEMENTAL
   
01/28/16 
CB RICHARD ELLIS / RONALD OTT; CB RICHARD ELLIS; RONALD OTT
E45568021 / SUPPLEMENTAL
   
02/01/16 
SQUARE 743 INC / LLOYD C LONDON
E1603304 / SUPPLEMENTAL
   
02/07/16 
C. B. RICHARD ELLIS INC. / NICHOLAS DODD; C. B. RICHARD ELLIS INC.; NICHOLAS DODD
E38474788 / SUPPLEMENTAL
202 M ST SE   
01/20/16 
UNITED STATES OF AMERICA / ; NORTEAST ELECTRIC
SG1600147 / CONSTRUCTION
INSTALL 2 SIGNS ON WALL 1-4'-10" X 10"-8" 1-2'4"X6'-9"
1244 SOUTH CAPITOL ST SE   
02/03/16 
1244 S. CAPITAL RESIDENTIAL LLC / ANDREW WILLINGHAM; NA; BRIAN WERRELL
BCIV1500117 / CONSTRUCTION
SITE GRADING FOR REDEVELOPMENT OF EXISTING PARKING LOT INTO 13 STORY MIXED USE RETAIL AND RESIDENTIAL BUILDING WITH 2 LEVELS OF SUBSURFACE PARKING. PROJECT ALSO PROPOSED STREETSCAPE IMPROVEMENTS AND SITE AMENITIES
   
02/05/16 
1244 SOUTH CAPITOL RESIDENTIAL LLC C/O THE JBG COMPANIES / PITTINGER-DUNHA CAPITOL PERMITS
FD1500123 / CONSTRUCTION
FOUNDATION-TO-GRADE ONLY UNDER THIS SUBMISSION. THIRD PARTY REVIEWED
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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