Since January, 2003
            
 (a random before-and-after moment)
April 2, 2006
March 29, 2015
South Capitol at P, Looking East-Southeast (see more)

It's taken almost a year, but the sale of 70 I Street was completed this week, with public records showing that "70 Eye Street Acquisition LLC" paid $165.7 million for the 448-unit building developed by JPI and opened in 2008.
The other two buildings in the original JPI "Capitol Yards" lineup, 100 I and 909 New Jersey, were sold back in May for around $94 million each, but the 70 I sale took longer as tenants had attempted to purchase the property themselves (UPDATE: or at least to file that paperwork in order to then attempt to negotiate terms of sale more favorable to residents). I don't have this confirmed, but I am assuming that the 70 I LLC, like the other two, is "institutional investors advised by J.P. Morgan Asset Management," since the 70 I sale deed has Morgan as the mailing address for the LLC.
Like the other properties, 70 I will be managed now by Bozzuto, which, in a letter to tenants, also said that the name of the property once known as the Jefferson at Capitol Yards is now changed to "70 Capitol Yards." (This is why I always just keep with the addresses.)
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Maelstrom says: (12/7/12 2:13 PM)
Correction: Rather than referring to it as 70 Capitol Yards, it should just be referred to as "The Property Formerly Known as Jefferson at Capitol Yards", which will be printed as the following Symbol: <(0_o)>.



:P Go buy yourself a cookie if you get it.

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