Since January, 2003 (and April 2015)
 (a random before-and-after moment)
August 6, 2005
April 26, 2015 
4th at Water St., Looking West-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)
 
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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  
1100 B/O NEW JERSEY AVE SE   THEFT
2nd Degree
 04/26/15
1100 B/O NEW JERSEY AVE SE   THEFT
Theft 2 (Theft F/Building)
 04/25/15
   THEFT
Theft 2 (Theft F/Building)
 04/23/15
400 B/O M ST SE   THEFT
2nd Degree
 04/22/15
1000 B/O 3RD ST SE   THEFT
2nd Degree
 04/20/15
1100 B/O NEW JERSEY AVE SE   THEFT
2nd Degree
 04/12/15
1100 B/O NEW JERSEY AVE SE   THEFT
2nd Degree
 04/10/15
100 B/O L ST SE   THEFT
Theft 2 (Theft F/Building)
 04/10/15
100 B/O K ST SE   THEFT F/AUTO
 04/08/15
50 B/O M ST SE   THEFT
2nd Degree
 04/07/15
100 B/O K ST SE   THEFT F/AUTO
Theft From Auto 1
 04/04/15
400 B/O M ST SE   THEFT
Shoplifting
 04/03/15

Active Public Space Permits Archive  
1401 11TH ST SE    Maryland Transit Administration 
Issued
new  
 12/30/14
to
12/29/15
861 NEW JERSEY AVE SE    CSX Transportation Inc. 
Assigned
paving; excavation  
 01/09/15
to
10/09/15
1100 NEW JERSEY AVE SE    Capitol Riverfront BID 
Issued
streetfixture; new  
 08/19/14
to
08/18/15

Recent Issued Building Permits Archive  
1011 1ST ST SE   
04/20/15 
COLIN CLARK / MICHAEL BIANCO; COLIN CLARK; MITCH PERMUY
E98099105 / SUPPLEMENTAL
1265 1ST ST SE   
04/10/15 
CAPITAL RIVERFRONT HOTEL LLC / JERONE SCOTT
P1504925 / SUPPLEMENTAL
   
04/10/15 
BIT INVESTMENT FIFTY-EIGHT LLC / OTIS ELEVATOR COMPANY
EN1501330 / SHOP DRAWING
TYPE OF ELEVATOR : TWO (2) TRACTION / STEEL / CENTRAL / VERTICAL TRANSPOTATION LICENSE NUMBER : ELC1300386 ISSUE DATE : 08 / 04 / 2014 EXPIRATION DATE 11-30-2015
1277 1ST ST SE   
04/15/15 
BALLPARK RESIDENTIAL LLC / CLARK CONSTRUCTION GROUP LLC
AH1500366 / CONSTRUCTION
ON-SITE PROJECT WORK AND TRUCK DELIVERY HOURS 6:00AM - 7:00PM MONDAY THROUGH SATURDAY FOR THE PROJECT DURATION AND THE FOLLOWING HOLIDAYS: EMANCIPATION DAY 4 / 16 / 15 COLUMBUS DAY 10 / 12 / 15 VETERANS DAY 11 / 11 / 15
1331 4TH ST SE   
04/17/15 
CLARK CONCRETE
AH1500371 / CONSTRUCTION
AFTERHOURS TO POUR CONCRETE ON ROOF FROM 4 / 20 / 2015 TO 5 / 20 / 2015 FROM 7PM TO 7AM
   
04/21/15 
FC 1331 LLC / JAMES G HOLT
E1505081 / SUPPLEMENTAL
1150 5TH ST SE   
04/09/15 
DISTRICT OF COLUMBIA JEFFREY LUKER QUINN EVANS ARCHITECTS / REBECCA RUSCHMA ECS MID-ATLANTIC
SB1500233 / CONSTRUCTION
WE WILL PERFORM A TOTAL OF TWO SOIL BORINGS ON THE PROPOSED SITE AND ONE AUGER PROBE BORING FOR INFILTRATION TESTING. ONE BORING WILL EXTEND TO A DEPTH OF 100 FEET AND THE ANOTHER WILL EXTEND TO A DEPTH OF 15 FEET BELOW EXISTING SITE GRADES AND WILL BE LOCATED WITHIN THE BOUNDS OF THE PRIVATE PROPERTY. WE WILL ALSO DRILL ONE PROBE BORING OFFSET FROM THE 15 FOOT BORING TO A DEPTH OF APPROXIMATELY 1...
   
04/15/15 
DGS DCPS / BRUCE PAIGE INDUSTRIAL SERVICES
B1506192 / CONSTRUCTION
REPLACE EXISTING INOPERABLE GENERAC GENERATOR WITH A NEW 6.7L GENERAC GENERATOR
1015 HALF ST SE   
04/11/15 
HALF ST SE LLC / ANDREW ARNTSON; HALF ST SE LLC; ANDREW ARNTSON
P63100436 / SUPPLEMENTAL
82 I ST SE   
04/24/15 
GREYSTAR /RCP DEVELOPMENT / KIM MITCHELL CDKM CONSULTING LLC
SH1500031 / CONSTRUCTION
REVISION TO PERMIT #SH1400084 TO REMOVE TIE-BACKS - ALL BRACING WILL BE ENTIRELY FROM INSIDE THE EXCAVATION BY USE OF CROSS LOT AND CORNER LOT AND RACKERS IN AN EFFORT TO KEEP ALL MEASURES INSIDE THE PROPERTY LINE.
55 M ST SE   
04/14/15 
HINES GLOBAL REIT / JOHN GIUSEPPE-RAMCO
TL1500090 / CONSTRUCTION
FIRST TIME TENANT CONSTRUCTION FOR NEW OFFICE SPACE ON THE 9TH FLOOR FINCANTIERI MARINE GROUP AS SHOWN ON THE ATTACHED THIRD PARTY REVIEWED AND APPROVED MECH. PLUMB. ELECT. FIRE PROTECTION AND ARCH. PLANS BY KTA GROUP. INTERIOR WORK ONLY. NO CHANGE IN USE.
   
04/15/15 
HINES GLOBAL REIT / JOHN GIUSEPPE-RAMCO
TL1500077 / CONSTRUCTION
TENANT LAYOUT TO CONSTRUCTION NEWTHIRD FLOOR OFFICE SPACE FOR GREAT MINDS AS SHOWN ON THE ATTACHED THIRD PARTY REVIEWED AND APPROVED MECH. PLUMB. ELECT. FIRE PROTECTION AND ARCH. DWGS. BY KTA. INTERIOR WORK ONLY NO STRUCTURAL WORK INVOLVED.
   
04/17/15 
HINES GLOBAL REIT 55 M STREET LLC /
P1505068 / SUPPLEMENTAL
   
04/22/15 
HINES GLOBAL REIT 55 M STREET LLC / JOSEPH SAFFER
P1505229 / SUPPLEMENTAL
80 M ST SE   
04/20/15 
WELLS REIT II 80 M STREET LLC / JOHN GIUSEPPE-RAMCO
B1503697 / CONSTRUCTION
RENOVATIONS TO EXISTING 5TH FLOOR OFFICE SPACE FOR TASC PHASE I AS SHOWN ON THE ATTACHED THIRD PARTY REVIEWED AND APPROVED MECH. PLUMB. ELECT. FIRE PROTECTION DEMOLITION AND ARCH. DWGS. BY KTA. INTERIOR WORK ONLY. NO STRUCTURAL WORK INVOLVED. NO CHANGE IN USE.
   
04/22/15 
WELLS REIT II 80 M STREET LLC /
P1505220 / SUPPLEMENTAL
55 M ST SE   
04/23/15 
HINES GLOBAL REIT 55 M STREET LLC / BERNARD D SASSER
E1505192 / SUPPLEMENTAL
80 M ST SE   
04/21/15 
WELLS REIT II 80 M STREET LLC / RONNIE E WRIGHT
E1505080 / SUPPLEMENTAL
   
04/21/15 
NOT AVAILABLE NOT AVAILABLE / NEIL NUTWELL; NOT AVAILABLE NOT AVAILABLE; NEIL NUTWELL
P84507258 / SUPPLEMENTAL
   
04/21/15 
UNKNOWN UNKNOWN / PATRICK BARRON; UNKNOWN UNKNOWN; ROBIN MALLEY
E38207212 / SUPPLEMENTAL
   
04/22/15 
WELLS REIT 80 M STREET LIC / FRED MILLER; WELLS REIT 80 M STREET LIC; DOMINIC TOTARO
AR62521964 / SUPPLEMENTAL
   
04/23/15 
TASC TASC / KEVIN HOOVER; TASC TASC; KEVIN HOOVER
E43277941 / SUPPLEMENTAL
300 M ST SE   
04/21/15 
NA NA NA
EHOP1290001 / HOME OCCUPATION
1201 M ST SE   
04/09/15 
COPT / EVAN O'BRIEN/ D MCKEEVER SERVICES
B1505061 / CONSTRUCTION
INTERIOR RENOVATION ONLY TO BATHROOMS ON FLOORS 1-4.
1200 NEW JERSEY AVE SE   
04/08/15 
JBG/FEDERAL CENTER LLC / JOHN MCDONALD
P1504842 / SUPPLEMENTAL
1000 NEW JERSEY AVE SE   
04/13/15 
CAPITOL HILL TOWER HOUSING COOPERATIVE INCF / BRIAN DENNIS
P1504947 / SUPPLEMENTAL
1500 SOUTH CAPITOL ST SE   
04/08/15 
WASHINGTON NATIONAL STADIUM LIC. / DAVID C. WILLIAMS
E1504771 / SUPPLEMENTAL
   
04/09/15 
JOHN GIUSEPPE / PHIL HAUHN; JOHN GIUSEPPE; PHILIP HAUHN
E19554829 / SUPPLEMENTAL
   
04/15/15 
WASHINGTON NATIONALS STADIUM LLC / JOHN GIUSEPPE-RAMCO
B1506296 / CONSTRUCTION
REVISION TO BLDG. PERMIT B1503799 NEW TEAM STORE AT NATIONALS PARK AS PER THE ATTACHED THIRD PARTY REVIEWED AND APPROVED REVISED MECH. PLUMB. ELECT. FIRE PROTECTION AND ARCH. PLANS BY ECS MID ATLANTIC LLC. ORIGINAL APPROVED PLAN SET ATTACHED ALONG WITH WRITTEN DESCRIPTION OF CHANGES MADE.
   
04/17/15 
WASHINGTON NATIONAL STADIUM LLC / DOMINIC E TOTARO
M1501639 / SUPPLEMENTAL
   
04/17/15 
WASHINGTON NATIONALS STADIUM / STEPHEN J. EXELBERT
P1505092 / SUPPLEMENTAL
   
04/22/15 
WASHINGTON NATL STADIUM / JAMES W. SCHIFFHAUER
E1505137 / 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  
1022 - 1109 M ST SE   03/27/15
$ 5,000,000
WASHINGTON HUMANE SOCIETY
 
9TH ST SE   03/03/15
$ 3,730,000
818 POTOMAC AVENUE SE LLC
 
POTOMAC AV SE   03/03/15
$ 3,730,000
818 POTOMAC AVENUE SE LLC
 
POTOMAC AV SE   03/03/15
$ 3,730,000
818 POTOMAC AVENUE SE LLC
 
POTOMAC AV SE   03/03/15
$ 3,730,000
818 POTOMAC AVENUE SE LLC
 
1103 9TH ST SE   03/03/15
$ 3,730,000
818 POTOMAC AVENUE SE LLC
 
1105 9TH ST SE   03/03/15
$ 3,730,000
818 POTOMAC AVENUE SE LLC
 
816 POTOMAC AVE SE   03/03/15
$ 3,730,000
818 POTOMAC AVENUE SE LLC
 
0819R L ST SE   03/03/15
$ 3,730,000
818 POTOMAC AVENUE SE LLC
 
1201 HALF ST SE   02/19/15
$ 9,000,000
WEST HALF RESIDENTIAL II LLC
 
N ST SE   02/19/15
$ 36,000,000
WEST HALF RESIDENTIAL III LLC
 
0038 N ST SE   02/19/15
$ 36,000,000
WEST HALF RESIDENTIAL III LLC
 
0036 N ST SE   02/19/15
$ 36,000,000
WEST HALF RESIDENTIAL III LLC
 
R N ST SE   02/19/15
$ 36,000,000
WEST HALF RESIDENTIAL III LLC
 
0030 N ST SE   02/19/15
$ 36,000,000
WEST HALF RESIDENTIAL III LLC
 
0032 N ST SE   02/19/15
$ 36,000,000
WEST HALF RESIDENTIAL III LLC
 
N ST SE   02/19/15
$ 36,000,000
WEST HALF RESIDENTIAL III LLC
 
1275 HALF ST   02/19/15
$ 36,000,000
WEST HALF RESIDENTIAL III LLC
 
HALF ST   02/19/15
$ 36,000,000
WEST HALF RESIDENTIAL III LLC
 
M ST   02/19/15
$ 36,000,000
WEST HALF RESIDENTIAL III LLC
 
1ST ST SE   02/10/15
$ 1,913,472
BALLPARK HOTEL LLC
 
1ST ST SE   02/10/15
$ 1,913,472
BALLPARK HOTEL LLC
 
1ST ST SE   02/10/15
$ 1,913,472
BALLPARK HOTEL LLC
 
1ST ST SE   02/10/15
$ 6,600,000
BALLPARK RESIDENTIAL LLC
 
1ST ST SE   02/10/15
$ 6,600,000
BALLPARK RESIDENTIAL LLC
 
1ST ST SE   02/10/15
$ 6,600,000
BALLPARK RESIDENTIAL LLC
 
1ST ST SE   02/10/15
$ 6,600,000
BALLPARK RESIDENTIAL LLC
 


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