Since January, 2003
            
 (a random before-and-after moment)
May 4, 2003
August 11, 2016
5th at L, 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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Recent Crime Incidents Archive  
400 B/O M ST SE   THEFT FROM AUTO
Theft (theft From Motor Vehicle)
 01/13/17
1100 B/O 8TH ST SE   MOTOR VEHICLE THEFT
Theft First Degree (Stolen Auto)
 01/08/17
100 B/O K ST SE   THEFT FROM AUTO
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 01/06/17
700 B/O L ST SE   THEFT
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 01/02/17
700 B/O M ST SE   THEFT FROM AUTO
Theft First Degree (theft From Motor Vehicle)
 12/30/16
400 B/O M ST SE   THEFT
Theft First Degree (shoplifting)
 12/26/16
1100 B/O NEW JERSEY AVE SE   THEFT FROM AUTO
Theft (theft From Motor Vehicle) - Highway/ Road/ Alley/ Street/ Sidewalk
 12/20/16
70 B/O I ST SE   THEFT FROM AUTO
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 12/19/16
500 B/O L ST SE   THEFT FROM AUTO
Theft 2nd Degree (theft From Motor Vehicle)
 12/18/16
1000 B/O 7TH ST SE   THEFT FROM AUTO
Theft (theft From Motor Vehicle)
 12/18/16
900 B/O M ST SE   THEFT
Theft 2nd Degree (all Other Larceny)
 12/17/16
1100 B/O NEW JERSEY AVE SE   THEFT
Theft 2nd Degree (all Other Larceny)
 12/16/16
1100 B/O NEW JERSEY AVE SE   THEFT
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Recent Issued Building Permits Archive  
1100 2ND PL SE   
12/28/16 
LIDIA BARDI SQUARE 769N OWNER, LLC / LIDIA BARDI SQUARE 769N OWNER, LLC; GEORGE KING MORETRENCH AMERICAN CORPORATION
SB1700048 / CONSTRUCTION
Drill and construct three 6 inch diameter dewatering wells within 12 inch boreholes to 70 feet below existing grade via mud rotary drilling methods. Drill and construction 2 - 2 inch diameter observation wells within in 8 inch boreholes to 60 feet below existing grade via mud rotary drilling methods. All drill spoils will be contained, tested and disposed of per DOEE regulations.
2 I ST SE   
12/27/16 
MCDONALDS CORPORATION / MCDONALDS CORPORATION; ECS MID-ATLANTIC LLC
SB1700081 / CONSTRUCTION
ECS proposes the installation of six soil borings to a maximum depth of 30 feet below ground surface. Each boring will be completed with a Geoprobe drill rig and grounted following installation using a DOEE approved grount mix.
28 K ST SE   
12/28/16 
23 LLC / RELATED COMPANIES; ACCUPERMIT LLC; ACCUPERMIT LLC
SG1700100 / CONSTRUCTION
Sign / mural to be on west elevation of new commercial building at 28 K Street SE. Temporary only for 12 months.
100 M ST SE   
12/28/16 
SQUARE 743 INC / null
E1702426 / SUPPLEMENTAL
1200 NEW JERSEY AVE SE 20024   
12/30/16 
JBG/FEDERAL CENTER LLC / CARL E HAGER
E1702487 / SUPPLEMENTAL
   
01/04/17 
JBG/FEDERAL CENTER LLC / null
P1702555 / SUPPLEMENTAL
1244 SOUTH CAPITOL ST SE   
01/05/17 
EXTREME STEEL CRANE AND RIGGING
AH1700321 / CONSTRUCTION
PLACE CRANE ON S. CAPITOL STREET TO PUT TOWER CRANE UP.
385 WATER ST SE 20003   
12/28/16 
FC 385 WATER LLC / STEPHEN J. EXELBERT
P1702437 / 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;

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