Since January, 2003
            
 (a random before-and-after moment)
April 2, 2006
June 10, 2012
4th at K, Looking Southwest (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


 More News


See All Current News Items | Full Blog Archive

 

JDLand.com's Official Unofficial Guide, Updated for 2018!
 Recent Posts
  

dude on Four-Alarm Fire Rips: This sucks for all those people. Glad people seem to be ok, at least physically...
Bruce on Four-Alarm Fire Rips: Walt: I am very touched by the kind words. Many worked like a well oiled machine...
jdc on Four-Alarm Fire Rips: News story recounts things better than my memory can https://www.nbcwashington.c...
jdc on Four-Alarm Fire Rips: Some reporter at a news conference today (about that terrible stabbing of the wo...
walt on Four-Alarm Fire Rips: I'll chime in to give kudos to Anne and Bruce Darconte. I was nearby yesterday,...
conngs0 on Four-Alarm Fire Rips: The TV footage of the Marines sprinting towards the fire is truly remarkable. D...
Get JDLand Updates In Your Inbox!


Thousands and thousands of photos showing the neighborhood changing. More than 150 buildings no longer with us. All the news, since 2003. Photos from various archives showing the neighborhood in the more distant past. Maps from the early 1900s. Overhead Photo Comparisons: 1949, 1988, 2002-2008. All Blog Entries, 2003 - Present Major Events, 1799 - Present A series of blog entries looking at the neighborhood's history.
Near Southeast's Rearview Mirror


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  
1000 5TH ST SE   THEFT FROM AUTO
Theft (theft From Motor Vehicle) - Street / Unknown
 09/16/18
800 B/O L ST SE   THEFT FROM AUTO
Theft (theft From Motor Vehicle)
 09/16/18
1000 B/O NEW JERSEY AVE SE   THEFT FROM AUTO
Theft (theft From Motor Vehicle)
 09/15/18
1000 B/O 3RD ST SE   THEFT FROM AUTO
Theft (theft From Motor Vehicle)
 09/15/18
400 B/O M ST SE   THEFT
Theft 2nd Degree (theft From Building)
 09/13/18
1100 B/O NEW JERSEY AVE SE   THEFT
Theft 2nd Degree (all Other Larceny)
 09/13/18
1000 B/O HALF ST SE   THEFT FROM AUTO
Theft (theft From Motor Vehicle)
 09/11/18
1100 B/O NEW JERSEY AVE SE   THEFT
Theft 2nd Degree (all Other Larceny)
 09/08/18
400 B/O M ST SE   THEFT
Shoplifting
 09/02/18
400 B/O M ST SE   THEFT
Theft 2nd Degree (all Other Larceny)
 08/29/18
400 B/O M ST SE   THEFT
Theft 2nd Degree (all Other Larceny)
 08/29/18
1100 B/O NEW JERSEY AVE SE   THEFT
Theft 2nd Degree (all Other Larceny)
 08/29/18
400 B/O M ST SE   THEFT
Theft 2nd Degree (all Other Larceny)
 08/26/18
400 B/O M ST SE   THEFT
Theft 2nd Degree (theft From Building)
 08/21/18
400 B/O M ST SE   THEFT
Theft 2nd Degree (all Other Larceny)
 08/20/18
1300 B/O 4TH ST SE   THEFT
Theft First Degree (all Other Larceny)
 08/20/18
1400 B/O SOUTH CAPITOL ST   THEFT
Theft 2nd Degree (theft From Building)
 08/20/18

Recent Issued Building Permits Archive  
1108 3RD ST SE   
09/04/18 
JULIANA DUFFY / HERVE BILLIET
SOL1800816 / CONSTRUCTION
This is a new rooftop solar installation for 1108 3rd Street SE, Washington, DC, 20003.
   
09/06/18 
JULIANA DUFFY / null
E1810366 / SUPPLEMENTAL
4 I ST SE   
08/29/18 
CRESCENT COMMUNITIES / MITCH A. PERMUY 727-210-0492
E1809865 / SUPPLEMENTAL
2 I ST SE   
08/27/18 
MCDONALDS CORPORATION / DONNA G GRAHAM
AH1801251 / CONSTRUCTION
WR #3573836-VAETH / BRUNO-WARD 6-20003-PEPCO CREWS WILL BE WORKING #2 I ST SE - MAY NEED TO BLOCK "I" ST ON OCCASION TO INSTALL NETWORK TRANSFORMERS AND INSTALL CABLE - CREW WILL BE WORKING AT NIGHTS DURING THE WEEK (MONDAY THRU FRIDAYS) FROM 9PM TO 7 AM - WILL ALSO BE WORKING WEEKENDS (SAT & SUN) FROM 6AM TIL 6PM
   
08/29/18 
CRESCENT CAPITAL VIEW LLC / KIM MITCHELL
TL1800059 / CONSTRUCTION
EXPEDITION / VELOCITY PROGRAM - INTERIOR WORK ONLY FULL-SERVICE RESTAURANT WITH 78 SEATS AND 80 OCCUPANTS INDOORS. WITH BUILDOUT OF AN EXISTING COLD DARK SHELL STRUCTURE AT THE GROUND FLOOR OF THE 2 I STREET BUILDING PERMIT B1713380. THE BUILDOUT IS FOR A RETAIL KITCHEN.
42 I ST SE   
08/23/18 
UNITED STATES OF AMERICA / HITT CONTRACTING INC
UT1800067 / CONSTRUCTION
REPAIR OF AN EXISTING UNDERGROUND STORAGE TANK. NO EXCAVATION WILL BE DONE. WORK INCLUDES INSTALL TWO NEW MANWAYS, REPLACE LADDER, REPAIR AND REPLACEMENT OF EXISTING PIPING AND PUMPS AND TANK OPERATING EQUIPMENT AND THE RESEALING OF THE INTERIOR OF THE TANK. THE TANK IS LOCATED ON THE CAPITOL POWER PLANT PROPERTY.
202 M ST SE   
09/05/18 
UNITED STATES OF AMERICA / DANIEL KISER; X
SG1800384 / CONSTRUCTION
Installation of 4 wall mounted signs. 2 @ 26.25 SF and 2 @ 35.5 sf
300 M ST SE   
08/27/18 
FEDERAL CENTER LP / SAM HOLLEN
B1809629 / CONSTRUCTION
INTERIOR RENOVATION TO 3RD FLOOR OFFICE SPACE FOR NEW MEDICAL OFFICE. PARTITIONS, FURNITURE, MEP AND LIFE SAFETY. LEAD WALLS FOR X-RAY ROOM. NO STRUCTURAL. 3006 SQUARE FEET. THE CENTERS FOR ADVANCED ORTHOPEDICS, LLC SUITE 325 **CHANGE IN USE, LEVEL 2 ALTERATION
   
09/05/18 
FEDERAL CENTER LP / null
P1808927 / SUPPLEMENTAL
   
09/05/18 
FEDERAL CENTER LP / null
P1808926 / SUPPLEMENTAL
1100 NEW JERSEY AVE SE   
08/23/18 
SQUARE 742 LLC / null
E1809932 / SUPPLEMENTAL
   
08/30/18 
SQUARE 742 LLC / null
E1810159 / SUPPLEMENTAL
125 O ST SE   
08/29/18 
DISTRICT OF COLUMBIA / DAVID T FONTANA
B1803497 / CONSTRUCTION
Revision to issued permit B1700636 for new six story DC WATER HQ office to include: Minor door, ramp and partition changes, corrections to foundation, slab and framing due to field conditions, MEP & FA coordination with other changes, minor changes to landscaping and water utility site work.
71 POTOMAC AVE SE   
08/27/18 
FORIDA ROCK PROPERTIES INC / null
AH1801250 / CONSTRUCTION
afterhours to pour concrete on jobsite from 8 / 27 / 2018 to 9 / 27 / 2018 from 9pm to 7am
   
08/31/18 
FORIDA ROCK PROPERTIES INC / MITCH PERMUY 7272100492
E1810173 / 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
Completed
99 M ('18)
Agora ('18)
1221 Van ('18)
District Winery ('17)
Insignia on M ('17)
F1rst/Residence Inn ('17)
One Hill South ('17)
Homewood Suites ('16)
ORE 82 ('16)
The Bixby ('16)
Dock 79 ('16)
Community Center ('16)
The Brig ('16)
Park Chelsea ('16)
Yards/Arris ('16)
Hampton Inn ('15)
Southeast Blvd. ('15)
11th St. Bridges ('15)
Parc Riverside ('14)
Twelve12/Yards ('14)
Lumber Shed ('13)
Boilermaker Shops ('13)
Camden South Cap. ('13)
Canal Park ('12)
Capitol Quarter ('12)
225 Virginia/200 I ('12)
Foundry Lofts ('12)
1015 Half Street ('10)
Yards Park ('10)
Velocity Condos ('09)
Teague Park ('09)
909 New Jersey Ave. ('09)
55 M ('09)
100 M ('08)
Onyx ('08)
70/100 I ('08)
Nationals Park ('08)
Seniors Bldg Demo ('07)
400 M ('07)
Douglass Bridge Fix ('07)
US DOT HQ ('07)
20 M ('07)
Capper Seniors 1 ('06)
Capitol Hill Tower ('06)
Courtyard/Marriott ('06)
Marine Barracks ('04)


Overviews
Capper/Carrollsburg
Anacostia Riverwalk
New Jersey Avenue
M Street
South Capitol Street
The Yards
Lower 8th Street
East M Street
Boathouse Row





                  © Copyright 2018 JD.