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WBJ reports today that three developers have submitted proposals to WMATA for projects on what's known as the Navy Yard Chiller Plant site, on the southwest corner of Half and L, SE.
Sayeth Michael Neibauer: "Akridge wants to build office there. Trammell Crow has bid to construct a residential building, as has a joint venture of MRP Realty and CAS Riegler. All three buildings feature ground floor retail."
Apparently the next step will be public forums "to gauge community interest" in the proposals, and WBJ says that Metro is looking to make selections as soon as mid-summer.
This is not the first time that WMATA has looked to redevelop this 14,000-sq-ft parcel, but a two-year negotiation with Donatelli broke off in 2010 when the developer pulled the plug on a planned 84-unit condo building, saying that the neighborhood was "getting saturated" with residential and that "it didn't look like condominiums were a viable alternative."
WMATA has been looking to get this lot developed since 2006, and you can relive all the twists and turns through my many posts on the subject.
Most likely any developer chosen would buy the 7,700-sq-ft lot with the two-story building next door (which has a big For Sale sign draped on its western side) to expand the site. (That building has quite a history, for those who weren't around for my post on it back in 2010.)
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ValveetaChz says: (3/25/14 6:53 PM)
Seriously? Akridge? How about they finish the Half Street Project first before they take on anything new in Navy Yard???


dbt says: (3/26/14 1:25 PM)
I had exactly the same thought about Akridge. You would think that turning a low-revenue property (Half Street) into a high-revenue one by building something would trump buying more property to sit on, but it seems you'd be wrong in their case.


SWag says: (3/26/14 1:41 PM)
With all the visitors that come up and down half street every home game, and the 1,000 or so new residents the city is adding every month - you would think the Half St residential parcels would have no problem leasing/selling out! Navy Yard is hot! Helloooo? What exactly is the hold up? I don't know the history of Half St. development. I suppose I easily just snoop around on the site, but anyone have a quick history?

Also, I can see the logic in developing an office building on the chiller site, and not the mega project.


ZoolanderANDtheBoYz says: (3/26/14 2:38 PM)
It is a mystery. I think it has to do with Lehman brothers.
Lehman brothers was the financier for both Monument and Akridge on the half street project. I am not sure what kind of legal dispute Akridge have on the half street project. Unless JD is keeping the story to herself - All we can do is speculate and come up with our conspiracy theory.


JD says: (3/26/14 2:49 PM)
I don't think that's right about Lehman being involved in the Akridge side of Half Street--I don't ever remember Lehman being mentioned in concert with Akridge, only with Monument. And as far as I know there's no legal issue right now with Akridge's development. (Briefly there was a lawsuit by Monument when Akridge was awarded the Southeastern Bus Garage site, but that's been long over with.)

Monument got dealt a blow with both the economic collapse and the concurrent collapse of their money folks, Lehman. There's been some disentangling going on between those companies, though I think that's done now.

Both Monument and Akridge also bought their land at the very height of the market.

There were rumors at one time that Akridge was/is holding out for building the entire site at once, and since they aren't getting the office space leased, they can't move forward.

Beyond that, I don't really know what the deal is. Maybe someone more on the inside of CRE has some insight.


JD says: (3/26/14 2:53 PM)
I should also say, though, that I do hear through the grapevine that some financing types do look at the neighborhood and feel that it is perhaps getting a bit bubbly for residential. Might not be quite so easy to get financing when the banks see all the units currently under construction....



MJM says: (3/26/14 3:17 PM)
They are missing out if they don't build residential. As mentioned above the new people have to live somewhere. Condos have no problem going up elsewhere in the city. Akridge is probably the worst choice to build there. I can't think of another company in Dc that owns so many vacant plots of land. They are probably eyeing that spot as an extension of the Fairgrounds for the next five years until they can get financing to build.


JES says: (3/28/14 11:38 AM)
Bullish on residential?

link


JES says: (3/28/14 11:39 AM)
*Bubblish, excuse me

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Recent Crime Incidents Archive  
1000 B/O L ST SE   THEFT FROM AUTO
Theft (theft From Motor Vehicle)
 08/04/20
1000 B/O 8TH ST SE   THEFT FROM AUTO
Theft (theft From Motor Vehicle)
 08/02/20
1100 B/O 2ND PLACE SE   BURGLARY
Burglary Two
 07/31/20
100 B/O I ST SE   THEFT
Theft First Degree (all Other Larceny)
 07/30/20
100 B/O O ST SE   ASSAULT WITH A DANGEROUS WEAPON  07/28/20
400 B/O M ST SE   THEFT
Shoplifting
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100 B/O M ST SE   BURGLARY
Burglary Two
 07/20/20
UNIT B/O N ST SE   ASSAULT WITH A DANGEROUS WEAPON  07/20/20
1200 B/O HALF ST SE   THEFT
Theft 2nd Degree (theft From Building)
 07/13/20
900 B/O M ST SE   THEFT
Theft 2nd Degree (all Other Larceny)
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Recent Issued Building Permits Archive  
1300 4TH ST SE 1001   
07/22/20 
LA FAMOSA / null
E2009613 / SUPPLEMENTAL
1300 4TH ST SE 130   
07/24/20 
TOM AN / KIMOY LALLEMENT
A2005055 / CONSTRUCTION
New sail shade awning at exterior private space of La Famosa restaurant (Permit #TL2000028)
900 5TH ST SE   
07/13/20 
null
B1906215-EXT-1 / CONSTRUCTION
1ST EXTENSION TO B1906215, EXTENSIOIN WILL EXPIRE ON 03 / 01 / 2020. ORIGINAL SCOPE: Reconstruction of 4-story residential building, the Arthur Capper Senior Center, damaged by fire.
1150 5TH ST SE   
07/16/20 
DISTRICT OF COLUMBIA / null
P2007453 / SUPPLEMENTAL
   
07/22/20 
DISTRICT OF COLUMBIA / null
E2009571 / SUPPLEMENTAL
10 I ST SE   
07/27/20 
CAPITOL HILL RACQUET CLUB / ANDREW ARNOLD; NA
SB2000413 / CONSTRUCTION
We propose drilling two (2), six-inch diameter geotechnical test borings (B-7 and B-8) using the hollow stem auger method to evaluate the subsurface conditions. The proposed test boring depths will be 85 feet below the existing ground surface. If a confining unit is encountered, outer casing will be installed which will extend 10 feet into the top of the confining unit or to the top of bedrock. Up...
423 L ST SE   
07/24/20 
JOHN P LANG / MARGO RICKS
SOL2001665 / CONSTRUCTION
To install 4.56 kW size of solar panels with a system height of 1.1 feet on roof of building.
250 M ST SE   
07/21/20 
SQUARE 769 LLC / null
E2009527 / SUPPLEMENTAL
300 M ST SE   
07/27/20 
FEDERAL CENTER LP / null
E2009758 / SUPPLEMENTAL
861 NEW JERSEY AVE SE   
07/23/20 
GREYSTAR GP LLC / null
M2003144 / SUPPLEMENTAL
1105 NEW JERSEY AVE SE   
07/23/20 
GALLERY CAPITAL RIVERFRONT PROPERTY LLC / null
E2009620 / SUPPLEMENTAL
1200 NEW JERSEY AVE SE 20590   
07/14/20 
JBG/FEDERAL CENTER LLC / SAM HOLLEN
B2006851 / CONSTRUCTION
INTERIOR RENOVATION TO 1ST FLOOR OFFICE SPACE. PARTITIONS, FURNITURE, MECHANICAL, ELECTRICAL AND LIFE SAFETY. NO PLUMBING. NO STRUCTURAL. 1700 SQUARE FEET. GSA / DOT
1275 NEW JERSEY AVE SE   
07/13/20 
FC 1275 NJ, LLC / PARKER HARRELL
SB2000382 / CONSTRUCTION
We are abandoning 14 gravel packed dewatering wells and one piezometer. All pumps and associated hardware will be removed from the wells. Each well casing will then be removed of perforated. We will then tremie each borehole using a bentonite slurry (two pounds bentonite powder to one gallon water).
1033 O ST SE 20374   
07/13/20 
UNITED STATES OF AMERICA / STANELY CARPENTER; JILL S CUTLER
BCIV2000111 / CONSTRUCTION
Install a safety shower and eye-wash station with a concrete base at the hazardous waste storage area near Building 166 at the Washington Navy Yard.
79 POTOMAC AVE SE 505   
07/15/20 
null / NA NA NA
EHOP20993669 / HOME OCCUPATION
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;

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Project Directory
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