Since January, 2003
            
 (a random before-and-after moment)
July 17, 2008
January 20, 2018
4th at Water St., Looking East (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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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  
400 B/O M ST SE   THEFT
Theft 2nd Degree (theft From Building)
 02/22/18
400 B/O M ST SE   THEFT
Shoplifting
 02/21/18
UNIT B/O K ST SE   THEFT FROM AUTO
Theft (theft From Motor Vehicle)
 02/19/18
400 B/O M ST SE   THEFT
Theft 2nd Degree (all Other Larceny)
 02/15/18
1000 B/O 3RD ST SE   THEFT
Theft 2nd Degree (all Other Larceny)
 02/07/18

Recent Issued Building Permits Archive  
1100 2ND PL SE   
02/21/18 
BAKER DC / CHRISTINE LONG
AH1800618 / CONSTRUCTION
An after hours permit is respectfully requested from 5AM to 9PM daily
1331 2ND ST SE 20003   
01/29/18 
DC WATER / DAVE LEVINE
AH1800505 / CONSTRUCTION
After hours work for structure exaction and support for B1311474 DC Water. Corman Construction 202-863-0052.
1016 3RD ST SE   
02/01/18 
ANAMARIA R MOTTOLA / DAVID L. HAHN
P1803348 / SUPPLEMENTAL
1346 4TH ST SE   
02/06/18 
ALAN OWINGS / ROBERT SEV HENRY
AH1800541 / CONSTRUCTION
After Hours Permit for 2 / 19 / 18 from 7AM to 7PM to perform concrete, framing, and utility operations.
   
02/06/18 
FC 1346 LLC / RICHARD V CAREY
P1803428 / SUPPLEMENTAL
150 I ST SE   
02/05/18 
WC SMITH / null
P1803402 / SUPPLEMENTAL
140 M ST SE   
02/07/18 
SPAULDING & SLYE/STE100 / null
E1803798 / SUPPLEMENTAL
110 M ST SE   
01/29/18 
GALLERY CAPITOL RIVERFRONT PROPERTY LLC / JAMES WEAVER
E1803534 / SUPPLEMENTAL
   
02/02/18 
GALLERY CAPITOL RIVERFRONT PROPERTY LLC / null
P1803361 / SUPPLEMENTAL
140 M ST SE 20032   
02/14/18 
SYLVIA LINDSEY / null
P1803641 / SUPPLEMENTAL
202 M ST SE   
01/29/18 
UNITED STATES OF AMERICA / NURI EROL
D1800281 / CONSTRUCTION
Remove Existing flooring. Remove some of the furnitures, equipment.
300 M ST SE 53533   
02/08/18 
FEDERAL CENTER LP / SPENCER TEEL
BP1801893 / POST CARD
300 M ST SE   
02/16/18 
FEDERAL CENTER LP / STEVEN MERCHANT
B1803279 / CONSTRUCTION
New Sprint store sustainable design tenant build-out in an existing building, partical first floor. Work will consist of building a new sales floor and back of the house. New work sill consist of display fixtures, ceiling, plumbing fixtures, mechanical ductwork to diffusers, interior partitions, floor finishes, outlets and new locations of electrical panels. **CHANGE IN USE, LEVEL 2 ALTERATION
401 M ST SE   
01/30/18 
DOEE C/O DEV MURALI / JESSICA REICHARD
AH1800507 / CONSTRUCTION
After hours permit to preform manhole inspections during off peak hours 7pm - 7am for all Manhole Locations covered under permit # PA10374319-R1 for DOEE Anacostia river sediment project.
861 NEW JERSEY AVE SE   
01/31/18 
CONSOLIDATED RAIL CORPORATION / NA CSX TRANSPORTATION, INC.
AH1800467 / CONSTRUCTION
Work in public ROW within the Virginia Avenue Tunnel Reconstruction Project LOD for utility, demolition, and concrete structure construction activities.***TO EXCLUDE LEGAL HOLIDAYS**
1100 NEW JERSEY AVE SE 2ND FL   
02/09/18 
SQUARE 742 LLC / null
P1803534 / SUPPLEMENTAL
   
02/14/18 
SQUARE 742 LLC / null
P1803681 / SUPPLEMENTAL
1100 NEW JERSEY AVE SE   
02/15/18 
SQUARE 742 LLC / null
E1804057 / SUPPLEMENTAL
79 POTOMAC AVE SE   
02/21/18 
RIVERFRONT HOLDINGS I LLC / JUSTIN BELLOW
B1805358 / CONSTRUCTION
Address revision only for B1702971 from 25 Potomac Ave SE to 79 Potomac Ave SE.
640 SOUTH CAPITOL ST SE   
02/05/18 
JIM LATISIS ZAYO GROUP
B1707197 / CONSTRUCTION
Addition to existing concrete telecom building.
401 TINGEY ST SE   
01/30/18 
PEPCO / BARBARA ANN STEDMAN
AH1800520 / CONSTRUCTION
UG TRANSFORMER WORK TO BE PERFORMED ON THE 400 BLK OF TINGEY ST SE. MANHOLE ACCESS. WORK TO BE PERFORMED BETWEEN THE HOURS OF 7:30AM AND MIGHTNIGHT ON 1 / 30 / 18 AND 1 / 31 / 18.
227 TINGEY ST SE   
01/29/18 
UNITED STATES OF AMERICA / ERICKA CLARK
TC1800021 / CONSTRUCTION
2 tower cranes
   
01/30/18 
FOREST CITY WASHINGTON / MELISSA DIAZ
B1802750 / CONSTRUCTION
Revision to Permit SH1700028. Sheeting and shoring for Yards Parcel L-2 project. Revision includes 10-foot precut excavation and layback on Water Street, 3rd Street and northern L-1 elevations, and removal of upper tier of rakers at L-1 elevation and upper tier of tiebacks at the Water Street and 3rd Street elevations.
   
02/20/18 
FOREST CITY WASHINGTON / FOREST CITY WASHINGTON; DFM DEVELOPMENT SERVICES
FD1700057 / CONSTRUCTION
Yards parcel L-2. Construction of foundation and underground parking garage for new 11 story multi-family mixed used residential building at 227 Tingey Street SE as part of development of Parcel L at the Yards
325 VIRGINIA AVE SE 20003   
02/14/18 
JASON W GOLDSMITH / null
E1804039 / SUPPLEMENTAL
325 VIRGINIA AVE SE   
02/06/18 
JASON W GOLDSMITH / CRAIG HARTSOCK
B1804721 / CONSTRUCTION
Remove two non-structural walls on ground level of townhouse and re-frame in new configuration to create a full bathroom on ground floor.
   
02/07/18 
JASON W GOLDSMITH / MORIS O. OCHOA PINEDA
P1803462 / SUPPLEMENTAL
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  
1001 NEW JERSEY AV SE   12/28/17
$ 687,365
WHATS ON SECOND PROPERTIES LLC
 


Project Directory
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District Winery ('17)
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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)
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US DOT HQ ('07)
20 M ('07)
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Marine Barracks ('04)


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