Since January, 2003
            
 Sliding from Before to After

Hot on the heels of the sales (completed and pending) of JPI's three "Capitol Yards" buildings, there's another notice in another lobby that a neighborhood apartment building is under contract to be sold. This time it's Onyx on First, the 266-unit apartment building on the southeast corner of 1st and L, which was developed by Faison with an assist from Canyon-Johnson Urban Fund and opened in late 2008.
The sale price is listed on the form as $82.25 million, with the buyer being ERP Operating Limited Partnership, which is the operating partnership of Equity Residential, owner of a slew of DC-area buildings including 425 Mass and 2400 M, as well as a huge slate of properties around the country. (As an aside, the company was started by Sam Zell, a name that certainly has resonance for folks in the newspaper biz.)
Onyx went on the market more than a year ago, but that initial offering didn't result in a buyer so it was re-offered later last year. The notice to tenants specified that there are only 11 units currently unoccupied.
As we all learned during the JPI sales, it's required by DC law that residential buildings of more than five units under contract to be sold be offered to residents to purchase. (Insert here my standard joke about looking in the sofa cushions for $82 million in spare change.)
JPI's Axiom and 909 buildings were sold for around $95 million each, with the the Jefferson's contract price/purchase price for tenants listed at about $165 million.
Onyx's next-door neighbor, the office building 100 M, was put up for sale in March. (Which is apparently just now news to WBJ, though I had heard rumors that it had been taken off the market after that original offering, so maybe this is a new push.)
Comments (0)
   
 
 More About Development News

JDLand.com Home

Comments

No comments posted.

Add a Comment:

Comments are closed for this post.

JDLand Comments RSS Feed


 More News


See All Current News Items | Full Blog Archive

 
 Top News

jdc on Restaurant News: They paved over that little Alleyway between the empty parcel on 1st Street and ...
BEP on Restaurant News: Oops...Sorry...I read it wrong... :-(
RMP on Restaurant News: Heard through the grapevine that DCRA moved the building permit data to a new se...
202_cyclist on Restaurant News: And there is pile-driving at the McDonalds lot, so if you ever find yourself hav...

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  
1100 B/O 1ST ST SE   THEFT
Theft 2nd Degree (all Other Larceny)
 02/19/17
1200 B/O HALF ST SE   THEFT FROM AUTO
Theft (theft From Motor Vehicle)
 02/16/17
48 B/O L ST SE   THEFT FROM AUTO
Theft (theft From Motor Vehicle)
 02/16/17
1000 B/O M ST SE   ASSAULT WITH A DANGEROUS WEAPON  02/14/17
1100 B/O NEW JERSEY AVE SE   THEFT
Theft 2nd Degree (theft From Building)
 02/14/17
50 B/O M ST SE   THEFT
Theft First Degree (theft From Building)
 02/09/17
300 B/O TINGEY ST SE   THEFT
Theft 2nd Degree (all Other Larceny)
 02/05/17
1100 B/O NEW JERSEY AVE SE   THEFT
Theft 2nd Degree (theft From Building)
 02/03/17
400 B/O M ST SE   THEFT
Theft 2nd Degree (all Other Larceny)
 02/03/17
200 B/O M ST SE   THEFT
Theft 2nd Degree (all Other Larceny)
 01/27/17
900 B/O 5TH ST SE   THEFT
Theft 2nd Degree (theft From Building)
 01/27/17
400 B/O M ST SE   THEFT
Theft 2nd Degree (all Other Larceny)
 01/27/17
1100 B/O NEW JERSEY AVE SE   THEFT
Theft 2nd Degree (theft From Building)
 01/27/17
400 B/O M ST SE   THEFT
Theft 2nd Degree (all Other Larceny)
 01/27/17
200 B/O I ST SE   THEFT FROM AUTO
Theft (theft From Motor Vehicle)
 01/25/17
1100 B/O NEW JERSEY AVE SE   THEFT
Theft 2nd Degree (all Other Larceny)
 01/24/17
300 B/O M ST SE   THEFT FROM AUTO
Theft (theft From Motor Vehicle)
 01/23/17

Recent Issued Building Permits Archive  
No records added or modified in the past two weeks.

Real Property Sales Archive  
No commercial transaction records added or modified in the past two weeks.


Project Directory
Completed
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 Capitol ('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 2017 JD.