Since January, 2003

Advertise on JDLand
 (a random before-and-after moment)
April 2, 2006
November 11, 2012
3rd Place at L, Looking North (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

 

JDLand.com's Official Unofficial Guide, Updated for 2015!
 Top News
  
JES on New Hampton Inn: Oh totally. #FireMatty
conngs0 on New Hampton Inn: Six games left against the Mets, so I'm not abandoning ALL hope. But sadly we'v...
JES on New Hampton Inn: @conngs0, too soon, man. too soon.
conngs0 on New Hampton Inn: Too bad they aren't opening in time for the playoffs....
MJM on New Hampton Inn: Wonder if there is going to be a neighborhood rate?



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  
900 B/O POTOMAC AVE SE   THEFT F/AUTO
 08/17/15
500 B/O L ST SE   THEFT F/AUTO
 08/17/15
UNIT B/O K ST SE   THEFT F/AUTO
 08/16/15
500 B/O L ST SE   THEFT
 08/08/15
UNIT B/O I ST SE   BURGLARY
 08/07/15
300 B/O WATER ST SE   THEFT
 08/05/15
UNIT B/O I ST SE   THEFT
 08/04/15
50 B/O M ST SE   THEFT
 08/04/15
400 B/O M ST SE   THEFT
 08/03/15

Recent Issued Building Permits Archive  
1277 1ST ST SE   
08/11/15 
BALLPARK RESIDENTIAL LLC / RICHARD V CAREY
P1508164 / SUPPLEMENTAL
   
08/21/15 
BALLPARK RESIDENTIAL LLC BALLPARK RESIDENTIAL LLC / CLINT HOLMES; BALLPARK RESIDE BALLPARK RESIDENTIAL LLC; MITCH PERMUY
E20139177 / SUPPLEMENTAL
1000 5TH ST SE   
08/18/15 
UNITED STATES OF AMERICA / JOSEPH M MAGNOLIA
P1508371 / SUPPLEMENTAL
1150 5TH ST SE   
08/11/15 
PEPCO PEPCO
AH1500668 / CONSTRUCTION
INSTALLATION OF CABLE AND METERS
1220 12TH ST SE   
08/13/15 
WASHINGTON GAS LIGHT CO / JOHN GIUSEPPE-RAMCO
B1509350 / CONSTRUCTION
RENOVATIONS TO EXISTING 3RD FLOOR OFFICE SPACE EXELIS AS SHOWN ON THE ATTACHED MECH. PLUMB. ELECT. FIRE PROTECTION DEMOLITION AND ARCH. DWGS. INTERIOR WORK ONLY. NO CHANGE IN US. NO STRUCT. WORK.
909 HALF ST SE   
08/13/15 
BAKER DC LLC / CHRISTINE LONG
AH1500677 / CONSTRUCTION
AN AFTER HOURS PERMIT IS RESPECTFULLY REQUESTED FROM 11:00PM FRIDAY THRU 11:00PM SATURDAY
   
08/18/15 
BAKER DC
AH1500686 / CONSTRUCTION
AN AFTER HOURS PERMIT IS RESPECTFULLY REQUESTED FROM 12:01AM WEDNESDAY THRU 11:59PM THURSDAY. 1-49 BLOCK OF K ST SE
   
08/21/15 
BAKER DC / CHRISTINE LONG
AH1500695 / CONSTRUCTION
AN AFTER HOURS PERMIT IS FROM 12:01AM THRU 11:59PM FROM 08 / 25 / 2015 TO 08 / 29 / 2015
1015 HALF ST SE   
08/13/15 
HALF ST SE LLC / GREGORY E LIGON
E1508399 / SUPPLEMENTAL
   
08/17/15 
HALF ST SE LLC / ANTHONY G SAMBURG
E1508502 / SUPPLEMENTAL
   
08/20/15 
WSP PARSONS BRINCKERHOFF / STEVE AUD; WSP PARSONS BRINCKERHOFF; STEVE AUD
E95740122 / SUPPLEMENTAL
1220 HALF ST SE   
08/12/15 
BUFFALO WILD WINGS / NICOLE WHITE; BUFFALO WILD WINGS; GREG CONCANNON
AR49901357 / SUPPLEMENTAL
   
08/13/15 
BUFFALO WILD WINGS / BELA X-PEDITERS PLUS INC.
AH1500681 / CONSTRUCTION
WORK AFTER HOURS 7PM-7AM. 8 / 13 / 2015 TO 9 / 13 / 2015
601 L ST SE   
08/17/15 
DISTRICT OF COLUMBIA HOUSING AUTHORITY / KRISSY GER LISA LJ PERMIT
B1510955 / CONSTRUCTION
REVISION TO B1101058 MINOR GRADING REVISION
   
08/20/15 
DISTRICT OF COLUMBIA HOUSING AUTHORITY / MARK A DORSEY
EN1502944 / SHOP DRAWING
TYPE OF ELEVATOR ONE (1) HYDRO / STEEL / CENTRALLY / PASSENGER TO PROVIDE ACCESS BETWEEN G AND G2 FLOORS AS PER PLANS.
   
08/20/15 
DISTRICT OF COLUMBIA HOUSING AUTHORITY / MARK A DORSEY
EN1502945 / SHOP DRAWING
TYPE OF ELEVATOR: TWO (2) TRACTION / STEEL / CENTRALLY / PASSENGER (5TH FLOOR).
   
08/20/15 
DISTRICT OF COLUMBIA HOUSING AUTHORITY / MARK A DORSEY
EN1502970 / SHOP DRAWING
TYPE OF ELEVATOR ONE (1) TRACTION / STEEL / CENTRALLY / PASSENGER (6TH FLOOR).
   
08/20/15 
DISTRICT OF COLUMBIA HOUSING AUTHORITY / MARK A DORSEY
EN1502971 / SHOP DRAWING
TYPE OF ELEVATOR ONE (1) TRACTION / STEEL / CENTRALLY / PASSENGER (6TH FLOOR).
80 M ST SE   
08/24/15 
COLUMBIA PROPERTY TRUST / KRISTINA DELGADO
B1510944 / CONSTRUCTION
PARTIAL 4TH FLOOR RENOVATIONS INCLUDING MECHANICAL PLUMBING ELECTRICAL AS WELL AS FURNITURE INSTALLATION.
20 M ST SE   
08/19/15 
SOUTHEAST REALTY LLC / ELEANOR FARID; SOUTHEAST REALTY LLC; RODNEY CANNON
E69278004 / SUPPLEMENTAL
50 M ST SE   
08/11/15 
MILLER?LONG
TC1500036 / CONSTRUCTION
TOWER CRANE FOR JOB SITE USE
   
08/13/15 
MILLER?LONG MILLER?LONG
AH1500674 / CONSTRUCTION
AFTERHOURS TO PUT UP TOWERCRANE WITH 200 TON MOBILE CRANE SATURDAY 8 / 15 / 2015 AND 8 / 16 / 2015 FROM 5AM TO 9PM
   
08/14/15 
KCG 50 M LLC / JOSEPH E RICHARDS
E1508432 / SUPPLEMENTAL
   
08/21/15 
KCG 50 M LLC / DANIEL R. RUDE
P1508460 / SUPPLEMENTAL
55 M ST SE   
08/19/15 
DOUG OLSON / DOUG OLSON; NONE
SG1500414 / CONSTRUCTION
NEW SIGNS INSTALLATION AS PER PLANS
1500 M ST SE   
08/21/15 
WASHINGTON YACHT CLUB / ZACHARY ZILL
SB1500438 / CONSTRUCTION
SOIL BORING FOR COMPENSATION GROUTING ALONG THE ALIGNMENT OF DC WATER'S CLEAN RIVERS DIV H - ANACOSTIA RIVER TUNNEL. FORTEEN BORINGS TO MAX DEPTH OF 70 FEET BGS 2 INCH DIAMETER GROUT TUBES INSIDE 5.5 INCH DIA CASINGS. DUPLEX ROTARY DRILLING METHOD. REF. PERMIT SB1400400.
1100 NEW JERSEY AVE SE   
08/11/15 
CHRISTOPHER CONDON
PC69159304 / POST CARD
INTERIOR DEMOLITION OF NON-BEARING ELEMENTS IN A SPACE UP TO 5 000 SQUARE FEET (464.5 SQUARE METERS)
1500 SOUTH CAPITOL ST SE   
08/14/15 
P1508259 / SUPPLEMENTAL
301 WATER ST SE   
08/12/15 
LUMBER SHED LIC / ROBERT WATTS; LUMBER SHED LIC; ROBERT WATTS
E99575145 / SUPPLEMENTAL
355 WATER ST SE   
08/14/15 
TIAN LUU / TIAN LUU; TIAN LUU; JAMES BORROR
E95497821 / SUPPLEMENTAL
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  
No commercial transaction records added or modified in the past two weeks.


Project Directory




     © Copyright 2015 JD.