Since January, 2003
            
 (a random before-and-after moment)
August 3, 2008
June 4, 2017
3rd at Virginia, Looking West (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  
1200 B/O 4TH ST SE   THEFT
Theft 2nd Degree (theft From Building)
 12/12/17
1200 B/O 4TH ST SE   THEFT
Theft 2nd Degree (theft From Building)
 12/11/17
1100 B/O NEW JERSEY AVE SE   THEFT
Theft 2nd Degree (all Other Larceny)
 12/11/17
1100 B/O 1ST ST SE   THEFT
Theft 2nd Degree (all Other Larceny)
 12/08/17
900 B/O NEW JERSEY AVE SE   THEFT FROM AUTO
Theft (theft From Motor Vehicle)
 12/08/17
1100 B/O NEW JERSEY AVE SE   THEFT
Shoplifting
 12/03/17
300 B/O M ST SE   THEFT FROM AUTO
Theft 2nd Degree (theft From Motor Vehicle)
 12/02/17
500 B/O L ST SE   MOTOR VEHICLE THEFT
Theft First Degree (Stolen Auto)
 12/02/17
1100 5TH ST SE   THEFT FROM AUTO
Theft 2nd Degree (theft From Motor Vehicle)
 12/01/17
400 B/O M ST SE   THEFT
Shoplifting
 11/29/17
400 B/O M ST SE   THEFT
Theft 2nd Degree (all Other Larceny)
 11/28/17
1100 B/O NEW JERSEY AVE SE   THEFT
Theft 2nd Degree (all Other Larceny)
 11/27/17
400 B/O M ST SE   THEFT
Theft 2nd Degree (all Other Larceny)
 11/26/17
1000 B/O NEW JERSEY AVE SE   THEFT
Theft 2nd Degree (all Other Larceny)
 11/26/17
1000 B/O 8TH ST SE   THEFT FROM AUTO
Theft (theft From Motor Vehicle)
 11/24/17
1200 B/O NEW JERSEY AVE SE   THEFT
Theft First Degree (all Other Larceny)
 11/24/17
400 B/O M ST SE   THEFT
Shoplifting
 11/22/17
100 B/O M ST SE   THEFT
Theft 2nd Degree (theft From Building)
 11/19/17
70 B/O I ST SE   BURGLARY
Burglary Two
 11/16/17
1200 HALF ST SE   THEFT
Theft 2nd Degree (all Other Larceny)
 11/15/17

Recent Issued Building Permits Archive  
1100 2ND PL SE   
12/13/17 
BAKER DC / CHRISTINE LONG
AH1800290 / CONSTRUCTION
An after hours permit is respectfully requested from 5am thru 9pm daily
1331 2ND ST SE   
11/29/17 
DC WATER / DAVE LEVINE
AH1800282 / CONSTRUCTION
After Hours work for structure excavation and support for B1311474 DC Water. Corman Construction 301-343-5417
2 I ST SE   
11/29/17 
MCDONALDS CORPORATION / MICHAEL ERIC CAMPBELL
M1800603 / SUPPLEMENTAL
   
11/29/17 
MCDONALDS CORPORATION / DANIEL P. THOMPSON
P1801598 / SUPPLEMENTAL
   
12/01/17 
CRESCENT CAPITAL VIEW, LLC N/A / ERICKA CLARK
AH1800280 / CONSTRUCTION
Place and finish concrete. Minimal noise impact, and required for reduction on impact to traffic.
70 I ST SE   
11/28/17 
DISTRICT OF COLUMBIA / OTIS ELEVATOR COMPANY; OTIS ELEVATOR COMPANY
ER1800447 / SHOP DRAWING
BODY OF WORK: Replace machine and recable elevator # 1.
337 L ST SE   
12/06/17 
JENNIFER LANCASTER / null
E1802092 / SUPPLEMENTAL
347 L ST SE   
12/07/17 
THOMAS PAQUIN / null
E1802129 / SUPPLEMENTAL
555 L ST SE   
11/27/17 
UNITED STATES OF AMERICA / CLIFFORD DIXON
B1714199 / CONSTRUCTION
DGS PROJECT This permit is for interior work only.SWING SPACE FOR WARD 6 CLINIC TO EXISTING VACANT JOY EVANS RECREATION CENTER TEMPORARILY FOR 12 TO 18 MONTHS
515 M ST SE   
12/11/17 
null / BLUE STAR DESIGN BUILD
BP1801085 / POST CARD
300 M ST SE STE# 402 20024   
12/13/17 
FEDERAL CENTER LP / null
P1802065 / SUPPLEMENTAL
100 M ST SE   
12/05/17 
CRANE SERVICE CO / CHRISTINE LONG
AH1800304 / CONSTRUCTION
An after hours permit is respectfully requested from 7AM Saturday thru 7PM Sunday
110 M ST SE   
12/13/17 
GALLERY CAPITOL RIVERFRONT PROPERTY LLC / THUY LE
TL1700234 / CONSTRUCTION
Interior alteration for new tenant, restaurant with 37 seats, 49 in occupancy load.
410 M ST SE   
11/20/17 
DC HOUSING / COLLINS ELEVATOR SERVICES INC.; COLLINS ELEVATOR SERVICES INC.
ER1800511 / SHOP DRAWING
BODY OF WORK: 1. Remove old piston. Replace & install jack on car # 1.
1100 NEW JERSEY AVE SE 3RD FL   
11/22/17 
SQUARE 742 LLC / null
P1801490 / SUPPLEMENTAL
1100 NEW JERSEY AVE SE   
11/20/17 
SQUARE 742 LLC / null
P1801410 / SUPPLEMENTAL
   
12/06/17 
SQUARE 742 LLC / DOMINIC E TOTARO
M1800664 / SUPPLEMENTAL
   
12/08/17 
SQUARE 742 LLC / SAM HOLLEN
B1801219 / CONSTRUCTION
INTERIOR RENOVATION TO 2ND FLOOR OFFICE SPACE. PARTITIONS, FURNITURE, MEP, LIFE SAFETY AND STRUCTURAL HANGING MOVABLE PARTITION. 25,226 SQUARE FEET. ALION SCIENCE AND TECHNOLOGY **LEVEL 2 ALTERATION
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
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70/100 I ('08)
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