Since January, 2003
            
 (a random before-and-after moment)
August 12, 2006
June 4, 2017
Cushing at M, Looking North-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)
   
 
 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
  

JD on June Construction Update: It's on the same lot--it will "close the square" with the current building. Thei...
Joni on June Construction Update: Where is 4 I Street? Right next to 2 I Street is the car wash, and next to that ...
JD on June Construction Update: DC Water needs a "back of the house," I assume. Plus eventually that side will b... [image]
jdc on June Construction Update: Any reason the DC water building does not have windows on the 'back'? Also, I re...
jdc on June Construction Update: You can't tell it from the photos but the Parc Riverside Phase 2 is sort of awkw...
RMP on June Construction Update: Great pics, JD! Does anyone know what is under construction in the space between...
Get JDLand Updates In Your Inbox!



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  
300 B/O VIRGINIA AVE SE   THEFT
Theft 2nd Degree (all Other Larceny)
 06/18/18
1100 B/O NEW JERSEY AVE SE   THEFT
Theft 2nd Degree (all Other Larceny)
 06/18/18
800 B/O L ST SE   THEFT FROM AUTO
Theft (theft From Motor Vehicle)
 06/18/18
400 B/O M ST SE   THEFT
Theft 2nd Degree (all Other Larceny)
 06/16/18
400 B/O M ST SE   THEFT
Theft 2nd Degree (theft From Building)
 06/11/18
1100 B/O 8TH ST SE   MOTOR VEHICLE THEFT
Theft First Degree (Stolen Auto)
 06/10/18
UNIT B/O L ST SE   THEFT FROM AUTO
Theft (theft From Motor Vehicle)
 06/09/18
400 B/O M ST SE   THEFT
Theft 2nd Degree (all Other Larceny)
 06/06/18
400 B/O M ST SE   THEFT
Theft 2nd Degree (all Other Larceny)
 06/04/18
400 B/O M ST SE   THEFT
Theft 2nd Degree (all Other Larceny)
 06/04/18
700 B/O L ST SE   THEFT
Theft 2nd Degree (all Other Larceny)
 05/29/18
1000 B/O NEW JERSEY AVE SE   MOTOR VEHICLE THEFT
Theft First Degree (Stolen Auto)
 05/28/18
1100 B/O 10TH ST SE   THEFT FROM AUTO
Theft 2nd Degree (theft From Motor Vehicle)
 05/26/18
1100 B/O 9TH ST SE   THEFT FROM AUTO
Theft (theft From Motor Vehicle)
 05/25/18
UNIT B/O I ST SE   THEFT
Theft First Degree (all Other Larceny)
 05/25/18
400 B/O M ST SE   THEFT
Theft 2nd Degree (theft From Building)
 05/22/18
400 B/O M ST SE   THEFT
Theft 2nd Degree (theft From Building)
 05/21/18

Recent Issued Building Permits Archive  
1018 3RD ST SE   
06/06/18 
DAVID A LEINER / SCOTT STERL
F1800474 / CONSTRUCTION
REPLACEMENT OF AN EXISTING CHAIN LINK FENCE TO A WOODEN FENCE 6FT. TALL.
1212 4TH ST SE   
06/06/18 
null / THAIS NA PEACHER
EHOP18924304 / HOME OCCUPATION
101 H ST SE   
06/05/18 
SQUARE 737 LLC / JOHN SONNER 4438727277
E1807389 / SUPPLEMENTAL
   
06/06/18 
SQUARE 737 LLC / null
P1806501 / SUPPLEMENTAL
2 I ST SE   
05/31/18 
CRESCENT CAPITOL VIEW / null
E1807278 / SUPPLEMENTAL
4 I ST SE   
06/18/18 
CRESCENT COMMUNITIES / KIM MITCHELL
B1804349 / CONSTRUCTION
VELOCITY - 4 I ST SE- IS THE PHASE II OF A MIXED-USE RESIDENTIAL PROJECT LOCATED AT 2 I ST SE. IT SITS AT TE CORNER OF I ST & SOUTH CAPITOL ST SE. PHASE II CONSIST OF 184 RESIDENTIAL UNITS AND ROUGHLY 3,800 SF OF RETAIL ON 1ST FLOOR FACING I STREET. TWO LEVELS OF UNDERGROUND PARKING GARAGE SERVES BOTH PHASES OF THE PROJECT. BUILDING HEIGHT IS 130 FEET. INCLUDING 3 ELEVATORS.
202 M ST SE   
05/29/18 
null
E1807211 / SUPPLEMENTAL
   
05/29/18 
null
P1806323 / SUPPLEMENTAL
100 M ST SE   
06/05/18 
SQUARE 743 INC / ROBERT L HUNTER 703-404-0303
M1802631 / SUPPLEMENTAL
202 M ST SE   
05/31/18 
UNITED STATES OF AMERICA / null
P1806387 / SUPPLEMENTAL
300 M ST SE   
05/25/18 
FEDERAL CENTER LP / GARY BRENT; CARLOS DIAZ
SG1800308 / CONSTRUCTION
Install 2 illuminated wall signs and 1 temporary Banner - Sprint
   
06/01/18 
FEDERAL CENTER LP / SAM HOLLEN
B1809520 / CONSTRUCTION
INTERIOR RENOVATION TO 8TH FLOOR OFFICE SPACE. PARTITIONS, FURNITURE, MECHANICAL, ELECTRICAL AND LIFE SAFETY. NO PLUMBING OR STRUCTURAL. 860 SQUARE FEET. STRATEGIC INSIGHT
410 M ST SE   
05/30/18 
DISTRICT OF COLUMBIA HOUSING AUTHORITY / SCOTT NICHOLS
AN1800023 / CONSTRUCTION
AT&T proposes to add three new antennas to an existing rooftop telecommunications facility.
800 NEW JERSEY AVE SE   
05/24/18 
SQUARE 737 LLC / null
P1806243 / SUPPLEMENTAL
1115 NEW JERSEY AVE SE   
06/07/18 
DONOHOE REAS ESTATE SERVICES / null
E1807467 / SUPPLEMENTAL
1115 NEW JERSEY AVE SE 20003   
06/14/18 
GALLERY CAPITOL RIVERFRONT PROPERTY LLC / THOMAS P MCGUIRE 410-766-7463
E1807687 / SUPPLEMENTAL
   
06/14/18 
GALLERY CAPITOL RIVERFRONT PROPERTY LLC / THOMAS P MCGUIRE 410-766-7463
E1807698 / SUPPLEMENTAL
1115 NEW JERSEY AVE SE   
06/12/18 
GALLERY CAPITOL WATERFRONT PROPERTY LLC / null
P1806653 / SUPPLEMENTAL
1100 NEW JERSEY AVE SE   
06/12/18 
SQUARE 742 LLC / CLIFFORD DIXON
B1807730 / CONSTRUCTION
REVISION: REVISE B1804348 5TH FLOOR OFFICE SPACE TO EXTEND THE OFFICE INTO ADDITIONAL SPACE TO CREATE A LARGER OPEN OFFICE
71 POTOMAC AVE SE   
05/30/18 
FORIDA ROCK PROPERTIES INC / ANKIT K SINGH
UT1800044 / CONSTRUCTION
Removal of an Underground storage Tank (UST) 7 feet in diameter and approximately 16 feet long (approximately 6,000 gallons). Suspected Fuel Tank. Tank is filled with water and soil. Tank will be cleaned, removed and disposed off as per the appropriate standards and requirements.
221 TINGEY ST SE   
06/05/18 
GONE YARD HOTEL OWNER LLC / MITCH PERMUY 7272100491
E1807017 / SUPPLEMENTAL
227 TINGEY ST SE   
05/25/18 
FOREST CITY WASHINGTON / MELISSA DIAZ
B1801871 / CONSTRUCTION
Yards Parcel L-2. New 11-story mixed use building with residential, retail on ground level, and underground parking garage. TPR
   
05/31/18 
FOREST CITY WASHINGTON / DANIEL P. THOMPSON
P1806388 / SUPPLEMENTAL
(2) Backwater valve
   
06/07/18 
UNITED STATES OF AMERICA / MICHAEL ERIC CAMPBELL 571-229-1360
M1802664 / SUPPLEMENTAL
Equipment Manufacturer Equipment Model AAON DOAS, RTU and AHU DAIKIN VRF and split systems DESERT AIRE LC06R7NFDDMLAERD
   
06/07/18 
FOREST CITY WASHINGTON / DANIEL P. THOMPSON
P1806553 / SUPPLEMENTAL
REVISION TO P1806388. IN LIEU OF 753 SINKS SHOULD READ 264 SINKS, 489 BASINS
   
06/18/18 
UNITED STATES OF AMERICA / MITCH PERMUY 7272100492
E1807256 / SUPPLEMENTAL
300 TINGEY ST SE   
06/04/18 
FC BOILERMAKER LLC / ALBERT E. WILLIAMS 443-532-0991
M1802615 / SUPPLEMENTAL
   
06/04/18 
FC BOILERMAKER LLC / null
P1806437 / SUPPLEMENTAL
   
06/05/18 
FC BOILERMAKER LLC / CARLOS E. MONTES
P1806464 / SUPPLEMENTAL
355 WATER ST SE   
06/14/18 
UNITED STATES OF AMERICA / EDUARDO LOPEZ 2023884000
E1807680 / SUPPLEMENTAL
355 WATER ST ST SE   
06/13/18 
UNITED STATES OF AMERICA / KIMBERLY SPEED
TN1800127 / CONSTRUCTION
The Great Lawn at Yards Park will be the site of the California State Society Annual Summer Picnic. The contract specifies the licensee to obtain permits for tents and generators on the lawn. The large tent is 100 x 40 - which I have the Certificate of Flame Resistance), as well as a generator. I have the generator specifications from the distributor.
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.