Since January, 2003
            
 Sliding from Before to After

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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Comments

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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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  
1200 B/O HALF ST SE   THEFT
Theft 2nd Degree (all Other Larceny)
 01/14/20
1100 B/O 1ST ST SE   BURGLARY
Burglary One
 01/12/20
100 B/O L ST SE   ROBBERY  01/08/20
400 B/O M ST SE   THEFT
Theft 2nd Degree (all Other Larceny)
 01/08/20
1100 B/O 2ND PLACE SE   THEFT FROM AUTO
Theft (theft From Motor Vehicle)
 01/06/20
40 N ST SE   ROBBERY  01/05/20
1100 B/O 9TH ST SE   THEFT FROM AUTO
Theft (theft From Motor Vehicle)
 01/03/20
139 N ST SE   THEFT FROM AUTO
Theft First Degree (theft From Motor Vehicle)
 01/02/20
100 B/O L ST SE   THEFT FROM AUTO
Theft (theft From Motor Vehicle)
 01/02/20
400 B/O M ST SE   THEFT
Theft 2nd Degree (all Other Larceny)
 12/31/19
400 B/O M ST SE   THEFT
Theft 2nd Degree (all Other Larceny)
 12/30/19
UNIT B/O M ST SE   BURGLARY
Burglary Two
 12/30/19
400 B/O M ST SE   THEFT
Theft 2nd Degree (all Other Larceny)
 12/29/19
UNIT B/O I ST SE   THEFT FROM AUTO
Theft (theft From Motor Vehicle)
 12/28/19
500 B/O L ST SE   THEFT FROM AUTO
Theft (theft From Motor Vehicle)
 12/28/19
700 B/O I ST SE   MOTOR VEHICLE THEFT
Theft First Degree (Stolen Auto)
 12/28/19
UNIT B/O I ST SE   THEFT FROM AUTO
Theft (theft From Motor Vehicle)
 12/27/19
300 B/O VIRGINIA AVE SE   THEFT FROM AUTO
Theft 2nd Degree (theft From Motor Vehicle)
 12/27/19
1220 HALF ST SE   BURGLARY
Burglary Two
 12/27/19
300 B/O WATER ST SE   THEFT FROM AUTO
Theft 2nd Degree (theft From Motor Vehicle)
 12/26/19
900 B/O NEW JERSEY AVE SE   BURGLARY
Burglary Two
 12/25/19
2 I ST SE   THEFT
Theft 2nd Degree (all Other Larceny) - Highway/ Road/ Alley/ Street/ Sidewalk
 12/24/19
2 I ST SE   THEFT FROM AUTO
Theft (theft From Motor Vehicle) - Highway/ Road/ Alley/ Street/ Sidewalk
 12/23/19
UNIT B/O POTOMAC AVE SE   THEFT FROM AUTO
Theft (theft From Motor Vehicle) - Highway/ Road/ Alley/ Street/ Sidewalk
 12/22/19
400 B/O M ST SE   THEFT
Shoplifting
 12/21/19
1100 B/O NEW JERSEY AVE SE   BURGLARY
Burglary Two
 12/21/19
250 B/O K ST SE   THEFT FROM AUTO
Theft (theft From Motor Vehicle)
 12/18/19

Recent Issued Building Permits Archive  
909 4TH ST SE   
12/30/19 
MEREDITH FASCETT / KYLE YOST
SOL2000550 / CONSTRUCTION
rooftop solar pv system, less than 4' above roof
1300 4TH ST SE 912   
01/07/20 
DEBORAH J ISRAEL / DORIS A MINOR; DORIS A MINOR
B2003615 / CONSTRUCTION
REPLACE KITCHEN CABINETS
900 5TH ST SE   
01/10/20 
DISTRICT OF COLUMBIA HOUSING AUTHORITY / WILLIAM ANDERSON; WILLIAM ANDERSON
P2002846 / SUPPLEMENTAL
415 I ST SE   
01/10/20 
MEGHAN E RILEY / DAEHO PARK; DAEHO PARK
P2002836 / SUPPLEMENTAL
300 M ST SE   
01/03/20 
FEDERAL CENTER LP / null
E2003217 / SUPPLEMENTAL
861 NEW JERSEY AVE SE   
12/31/19 
CONSOLIDATED RAIL CORPQ / null
E2003162 / SUPPLEMENTAL
   
12/31/19 
DISTRICT OF COLUMBIA / JANE MCCRAY
AH2000399 / CONSTRUCTION
Pepco will be splicing cable at 861 New Jersey Avenue, SE, from 9PM to 7AM, Monday thru Friday.
   
01/03/20 
CSX TRANSPORTATION INC / SUSANA VAZQUEZ; JOHN MORIARTY & ASSOCIATES OF VIRGINIA LLC
TC2000014 / CONSTRUCTION
Tower Crane
1100 NEW JERSEY AVE SE 1ST FL   
01/06/20 
SQUARE 742 LLC / JAMES W. LASHER; JAMES W. LASHER
E2003296 / SUPPLEMENTAL
1100 NEW JERSEY AVE SE   
12/30/19 
SQUARE 742 LLC / RYAN FITZGERALD; NEXIUS SOLUTIONS, INC.
AN2000023 / CONSTRUCTION
AT&T proposes to replace (3) existing antennas with (3) new antennas and install (3) new antennas.
   
01/02/20 
SQUARE 742 LLC C/O WCSMITH / PATRICIA J STAUB; CDH CONSTRUCTION INC
B2001972 / CONSTRUCTION
Provide Landlord Work (warm white shell) for Tenant buildout of 1827 SF.
   
01/07/20 
SQUARE 742 LLC / ;
P2002715 / SUPPLEMENTAL
   
01/08/20 
SQUARE 742 LLC / null
P2002765 / SUPPLEMENTAL
1275 NEW JERSEY AVE SE   
01/03/20 
MILLER AND LONG / WILLIAM MOORE; MILLER LONG
TC2000016 / CONSTRUCTION
towercrane for jobsite use 1 / 25 / 2020 to 1 / 25 / 2021
355 WATER ST SE   
12/30/19 
UNITED STATES OF AMERICA / KELSI EVANS
TN2000035 / CONSTRUCTION
1 40' x 80 tent
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
Thompson Hotel ('20)
West Half ('19)
Novel South Capitol ('19)
Yards/Guild Apts. ('19)
Capper/The Harlow ('19)
New DC Water HQ ('19)
Yards/Bower Condos ('19)
Virginia Ave. Tunnel ('19)
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
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East M Street
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