Since January, 2003
 (a random before-and-after moment)
August 12, 2006
December 13, 2014
Cushing at M, Looking North-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?
Comments (1)
 
 More About 70/100 I

JDLand.com Home

Comments

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.

Add a Comment:

Comments are closed for this post.

JDLand Comments RSS Feed

See All Current News Items | Full Blog Archive

 
 Top News
  
Recent Comments:  
ValveetaChz on BID Annual Meeting: PLEASE, no Target. I would hate for this wonderful neighborhood to turn into Co...
JD on BID Annual Meeting: I think when you're dealing with someone like Target, a lot of "on the board" pl...
JES on BID Annual Meeting: Also, would Target be considered a "grocer," effectively eliminating t...
JES on BID Annual Meeting: Which on-the-board projects have enough planned retail space to hold a Target, e...



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  
70 B/O I ST SE   SEX ABUSE
2nd Degree Sexual Abuse
 01/25/15
1000 B/O 8TH ST SE   THEFT F/AUTO
 01/25/15
1100 B/O NEW JERSEY AVE SE   THEFT
Theft 2 (Theft F/Building)
 01/22/15
1100 B/O NEW JERSEY AVE SE   THEFT
2nd Degree
 01/20/15
400 B/O M ST SE   THEFT
2nd Degree
 01/19/15
1000 B/O 7TH ST SE   ASSAULT W/DANGEROUS WEAPON
Adw -- Knife
 01/15/15
1100 B/O NEW JERSEY AVE SE   THEFT
2nd Degree
 01/12/15
1000 B/O NEW JERSEY AVE SE   THEFT F/AUTO
 01/12/15
1100 B/O 5TH ST SE   THEFT F/AUTO
Theft From Auto 1
 01/05/15
100 B/O L ST SE   THEFT F/AUTO
 12/30/14
1000 B/O 1ST ST SE   BURGLARY
2nd Degree Burglary (Armed Or Otherwise)
 12/29/14
1000 B/O 7TH ST SE   THEFT F/AUTO
 12/29/14
700 B/O L ST SE   THEFT F/AUTO
 12/29/14
700 B/O L ST SE   THEFT F/AUTO
 12/29/14
1000 B/O 8TH ST SE   THEFT F/AUTO
 12/27/14

Active Public Space Permits Archive  
1331 2ND ST SE    Carlton Ray 
Assigned
paving; streetfixture; excavation  
 02/10/14
to
02/09/15
1331 4TH ST SE    Forest City Forest City 
Issued
excavation; new  
 01/10/14
to
02/10/15

Recent Issued Building Permits Archive  
1011 1ST ST SE   
01/06/15 
COLIN CLARK / MICHAEL BIANCO; COLIN CLARK; MITCH PERMUY
E98099105 / SUPPLEMENTAL
1025 1ST ST SE   
01/13/15 
FRANCISCA OTERO
PC52706432 / POST CARD
INSTALLATION OF NOT MORE THAN 1 NEW AIR CONDITIONING UNIT UP TO A MAXIMUM OF 10-TONS OF EQUIVALENT REFRIGERATING EFFECT.
801 2ND ST SE   
01/22/15 
BAKER DC LLC / CHRISTINE LONG
AH1500209 / CONSTRUCTION
AN AFTER HOURS PERMIT IS RESPECTFULLY REQUESTED FORM 7:00 PM THRU 7:00AM
1201 4TH ST SE   
01/13/15 
JGB/FEDERAL CENTER LLC / JIM CALABRESE
AN1500018 / CONSTRUCTION
REPLACE 10 EXISTING ANTENNAS WITH 10 NEW ANTENNAS. PLEASE NOTE THAT THE TOTAL NUMBER OF ANTENNAS PER SECTOR / MOUNT WILL NOT EXCEED 5 PER DCRA CODE. THEREFORE NO OFFICE PLANNING LETTER IS REQUIRED. AS PER PLANS AS PER CODE.
1240 12TH ST SE   
01/14/15 
AECOM TECHNICAL SERVICE / ERIKA FERGERSON - CARROLL
B1503361 / CONSTRUCTION
CONTRACTOR TO PLACE CONSTRUCTION TRAILER ON PRIVATE PROPERTY LOCATED AT 1240 12TH ST SE PROPERTY.
82 I ST SE   
01/23/15 
RUSSELL WHITWORTH GREYSTONE / SHELDON WILLIAMS WILES MENSCH CORP; RUSSELL WHITWORTH
BCIV1400098 / CONSTRUCTION
RELOCATE A 12 INCH WATER LINE THIS SUMMER.
100 I ST SE   
01/24/15 
NA NA NA
EHOP1590258 / HOME OCCUPATION
125 L ST SE   
01/12/15 
SOK C REED ANN'S BEAUTY SUPPLY & WIG CO / PAPA-KWESI COLEMAN
B1501967 / CONSTRUCTION
CONVERTING A PORTION OF EXISTING BEAUTY SALON TO OFFICE FOR CERTIFICATE OF OCCUPANCY PURPOSES.
20 M ST SE   
01/12/15 
SOUTHEAST REALTY LLC / JOHN GIUSEPPE-RAMCO
TL1500021 / CONSTRUCTION
REVISION TO PLANS AND PERMIT TL1400132 SUBWAY SANDWICH SHOP AS SHOWN ON THE ATTACHED ARCH ELECTRICAL PLUMBING AND MECHANICAL DWGS. AND WRITTEN DESCRIPTION OF CHANGES BEING MADE. INTERIOR WORK ONLY. NO STRUCTURAL WORK INVOLVED. NO CHANGE IN SEATING CAPACITY STAYING AT 41.
99 M ST SE   
01/06/15 
SKANSKA DEVELOPMENT / RICHARD COLLINS; SKANSKA DEVELOPMENT; ROBERT W DIKE
E67292775 / SUPPLEMENTAL
100 M ST SE   
01/20/15 
SQUARE 743 INC / JOHN MCDONALD
P1502784 / SUPPLEMENTAL
   
01/07/15 
SQUARE 743 INC SQUARE 743 INC / KATE MITCHELL; SQUARE 743 INC SQUARE 743 INC; ROBERT HUNTER
AR53284155 / SUPPLEMENTAL
   
01/14/15 
SQUARE 743 INC / MATTHEW WERT
P1502642 / SUPPLEMENTAL
   
01/20/15 
SQUARE 743 INC. / SAM HOLLEN RAMCO OF DC INC.
B1503542 / CONSTRUCTION
INTERIOR RENOVATION FOR 7TH FLOOR TENANT CORRIDOR. PARTITIONS DOORS MECHANICAL ELECTRICAL AND LIFE SAFETY.
909 NEW JERSEY AVE SE   
01/15/15 
SCARLET OAK / EVAN O'BRIEN/ D MCKEEVER SERVICES
TL1500002 / CONSTRUCTION
NEW TENANT LAYOUT FOR NEW 3754 SF RESTAURANT. PARTITION PLAN NEW COMMERCIAL KITCHEN BAR MILL WORK AND DINING AREA INCLUDED NO OUT SIDE SEATING ON THIS PERMIT.
1000 NEW JERSEY AVE SE   
01/08/15 
CAPITOL HILL TOWER HOUSING COOPERATIVE INCF / RICHARD G. FINFROCK
P1502512 / SUPPLEMENTAL
   
01/12/15 
CAPITOL HILL TOWER HOUSING COOPERATIVE INCF / RICHARD G. FINFROCK
P1502547 / SUPPLEMENTAL
1111 NEW JERSEY AVE SE   
01/23/15 
DONOHOE DEVELOPMENT COMPANY / DANIEL M. NARH
P1502702 / SUPPLEMENTAL
25 POTOMAC AVE SE   
01/12/15 
RIVERFRONT HOLDINGS I LLC / DANIEL M. NARH
P1502450 / SUPPLEMENTAL
816 POTOMAC AVE SE   
01/13/15 
JAMES ANDERSON 818 POTOMAC AVE SE LLC / WILLIAM WESTERM FROEHLING AND ROBERTSON INC.
SB1400485 / CONSTRUCTION
5 SOIL BORINGS EIGHT INCHES IN DIAMETER TO DEPTHS RANGING FROM 40 TO 60 FEET. SOIL BORINGS WILL BE CONDUCTED IN THE PARKING LOT LOCATED ON THE EAST SECTION OF THE 816 POTOMAC AVE SE PROPERTY. HOLLOW STEM AUGER METHODS WILL BE USED TO CONDUCT THE SOIL BORINGS.
300 TINGEY ST SE   
01/23/15 
CM-YARDS LLC / DWIGHT SMITH; NONE
SG1400461 / CONSTRUCTION
INSTALL EXTERIOR SIGN ABOVE DOOR.
301 WATER ST SE   
01/07/15 
FOREST CITY LLC / FVI 2020
B1501971 / CONSTRUCTION
FIRST TIME TENANT LAYOUT. INTERIOR WORK ONLY. PHASE 1 STRUCTURAL ENHANCEMENT AND ALTERATION TO EXISTING MEZZAINE.
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  
M ST   11/26/14
$ 2,000
LHREV WASHINGTON M STREET LLC
 
0770 M ST SE   11/14/14
$ 23,900,000
770 M STREET LLC
 


Project Directory




Blog/Home
Project Directory
Photo Archive
Event Photos
 
Nats Park
Food Map
What's New
History

 
Demolished Buildings
Historic Photos
Satellite Images
Timeline
 
About JDLand
Message JD
Advertise
Photo Use
 
     © Copyright 2015 JD.