Since January, 2003
            
 (a random before-and-after moment)
January 23, 2011
May 19, 2019
2nd (East) at I, Looking Northwest (see more)

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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400 B/O L ST SE   THEFT
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1000 B/O 5TH ST SE   THEFT
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1400 B/O SOUTH CAPITOL ST   MOTOR VEHICLE THEFT
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300 B/O TINGEY ST SE   ASSAULT WITH A DANGEROUS WEAPON  07/14/19
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400 B/O M ST SE   THEFT
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 07/03/19
1200 B/O VAN ST SE   THEFT
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 07/02/19
700 B/O L ST SE   THEFT
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54 B/O M ST SE   THEFT
Theft 2nd Degree (all Other Larceny)
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400 B/O M ST SE   THEFT
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Recent Issued Building Permits Archive  
1100 2ND PL SE   
06/25/19 
SQUARE 769N OWNER LLC / THANOS VOREAS
EG1903573 / POST CARD
1212 4TH ST SE   
06/27/19 
FC 1212 LLC / MARK J. RHOTON
E1908902 / SUPPLEMENTAL
1000 5TH ST SE   
07/10/19 
JW ELECTRIC SERVICE / null
E1909222 / SUPPLEMENTAL
   
07/03/19 
UNITED STATES OF AMERICA / TANYA HILL; ALI NAIM
B1911904 / CONSTRUCTION
INSTALL NEW PARTITION AND DOOR IN EXISTING CLASSROOM TO MAKE TWO CLASSROOMS.
100 M ST SE   
07/12/19 
SQUARE 743 INC / KIM MITCHELL
D1900787 / CONSTRUCTION
INTERIOR DEMOLITION WITHIN AN OFFICE SPACE ON THE 9TH FLOOR (MULTI-TENANT FLOOR) IN AN EXISTING OFFICE BUILDING
250 M ST SE   
06/26/19 
BAKER DC LLC / CHRISTINE LONG
AH1901008 / CONSTRUCTION
An after hours permit is respectfully requested from 3AM to 7AM daily
   
07/17/19 
BAKER DC LLC / CHRISTINE LONG
AH1901077 / CONSTRUCTION
An after hours permit is respectfully requested from 3AM to 7AM daily
139 N ST SE 20024   
07/12/19 
UNITED STATES OF AMERICA / PAUL E WARREN; PAUL E WARREN
E1909292 / SUPPLEMENTAL
640 SOUTH CAPITOL ST SE   
07/12/19 
CONSOLIDATED RAIL CORPORATION / HARIF BALOGUN; GEOCAPITAL ENGINEERING LLC GEOCAPITAL ENGINEERING
SB1900354 / CONSTRUCTION
We propose drilling six (6), six-inch diameter geotechnical test borings (B-1 to B-6) 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.
300 TINGEY ST SE 170   
07/09/19 
FC BOILERMAKER LLC / GERALD ROPER
B1814633 / CONSTRUCTION
INTERIOR DEMOLITION AND RENOVATION ONLY. DEMOLITION TO INCLUDE REMOVAL OF EXISTING PARTITIONS, KITCHEN EQUIPMENT, AND FINISHES. NEW WORK TO INCLUDE NEW PARTITIONS, MILLWORK, FINISHES, KITCHEN EQUIPMENT (INCLUDING 1 NEW HOOD), AS WELL AS MINOR INTERIOR-ONLY MECHANICAL AND ELECTRICAL MODIFICATIONS. HVAC EQUIPMENT ON EXISTING OUTDOOR MECHANICAL MEZZANINE TO REMAIN. NO MODIFICATIONS TO EXISTING HISTO...
   
07/16/19 
FC BOILERMAKER LLC / HEE YEOL HWANG; HEE YEOL HWANG
E1909416 / SUPPLEMENTAL
   
07/17/19 
FC BOILERMAKER LLC / ;
P1907864 / SUPPLEMENTAL
300 TINGEY ST SE   
06/26/19 
FC BOILERMAKER LLC / ADAM C. MARSON
M1903231 / SUPPLEMENTAL
   
07/12/19 
FC BOILERMAKER LLC / DOMINIC E TOTARO; DOMINIC E TOTARO
M1903450 / SUPPLEMENTAL
   
07/15/19 
FC BOILERMAKER LLC / HEE YEOL HWANG; HEE YEOL HWANG
E1909370 / SUPPLEMENTAL
   
07/18/19 
FC BOILERMAKER LLC / ;
P1907922 / SUPPLEMENTAL
355 WATER ST SE   
07/10/19 
UNITED STATES OF AMERICA / JOHANNA DELONY
TN1900122 / CONSTRUCTION
Sterne Kessler Crab Feast--1 40'x 100' tent, with 372' of white picket fencing; no generators.
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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