Since January, 2003
            
 (a random before-and-after moment)
May 10, 2007
January 6, 2019
2nd (West) at I, Looking North (see more)

Documents filed with the Recorder of Deeds within the past few months show that Lehman Brothers has executed the necessary legal and financial maneuvers to take sole ownership of a portion of the infamous hole in the ground on Half Street just north of Nats Park (which I can't believe I didn't until this instant ever think to call Monument Valley).
The site, on the northern part of the hole and just south of 55 M Street, was going to be the hotel portion of Monument Realty's block-long Half Street development.
This is the third time in the past few years that Lehman has taken ownership of property in Monument's once-vast holdings just north of the ballpark. Lehman was one of Monument's investment partners on these properties, in addition to being the lender.
In both of the other cases, the "foreclosure" by Lehman ended up being a precursor to the sale of the property--both at 50 M, bought by investors in May 2013 and now the site of the planned Homewood Suites hotel, and at 1244 South Capitol, bought by JBG in late 2013 and likely to be a residential project. (The company's 55 M Street office building was sold in late 2013 without a Lehman takeback.)
Whether this is another precursor to another sale, we will have to see.
As of now, Monument retains an ownership stake in only two properties in the Ballpark District: the southern half of Monument Valley, where a residential project was planned, and the old Domino's site at One M Street, where back in 2012 Monument had been starting to shepherd an office project through zoning.
Comments (5)
   
 
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Comments

Tom says: (5/29/14 10:32 PM)
Oh, you know its bad when Lehman bros. picks things up.


JD says: (5/29/14 11:06 PM)
I probably should have done a better job of making clear that Lehman was part of the original investment team on these properties, along with Monument and MacFarlane Partners. They didn't just swoop in and pick them up at foreclosure - they were the lender in addition to an investment partner.

Sometimes I just write like everyone knows what I'm taking about. :)


Westnorth says: (5/30/14 3:02 PM)
"Monument Valley" is too clever to give up!


JD says: (5/30/14 3:41 PM)
In other news, there's a new feature on the home page, if you hit a qualifying "before" photo in the random pair in the box at top.


Tom says: (5/31/14 10:33 PM)
Lehman Bros. filed the biggest bankruptcy in U.S. history, with Lehman holding over $600 billion in assets but that's what bankruptcy's for, I s'pose. I'm guessing they've decided to put sub-prime loans behind 'em.

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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  
1300 B/O WATER ST SE   THEFT
Theft 2nd Degree (all Other Larceny)
 02/18/19
400 B/O M ST SE   THEFT
Theft 2nd Degree (all Other Larceny)
 02/17/19
400 B/O 2ND ST SE   THEFT FROM AUTO
Theft (theft From Motor Vehicle)
 02/16/19
70 B/O I ST SE   ASSAULT WITH A DANGEROUS WEAPON  02/15/19
500 B/O L ST SE   ROBBERY  02/14/19
1400 B/O SOUTH CAPITOL ST   THEFT FROM AUTO
Theft 2nd Degree (theft From Motor Vehicle)
 02/13/19
1100 B/O 2ND PLACE SE   THEFT FROM AUTO
Theft (theft From Motor Vehicle)
 02/13/19
200 B/O I ST SE   THEFT FROM AUTO
Theft 2nd Degree (theft From Motor Vehicle)
 02/13/19
200 B/O M ST SE   THEFT
Theft 2nd Degree (all Other Larceny)
 02/11/19
100 B/O L ST SE   THEFT
Theft 2nd Degree (all Other Larceny)
 02/10/19
500 B/O L ST SE   THEFT FROM AUTO
Theft 2nd Degree (theft From Motor Vehicle)
 02/09/19
1200 B/O HALF ST SE   THEFT
Theft First Degree (theft From Building)
 02/07/19
300 B/O L ST SE   THEFT FROM AUTO
Theft (theft From Motor Vehicle)
 02/07/19
1100 B/O NEW JERSEY AVE SE   THEFT
Theft 2nd Degree (all Other Larceny)
 02/05/19
1000 B/O 8TH ST SE   THEFT FROM AUTO
Theft (theft From Motor Vehicle)
 02/04/19
1100 B/O 1ST ST SE   THEFT FROM AUTO
Theft 2nd Degree (theft From Motor Vehicle)
 02/02/19
1100 B/O NEW JERSEY AVE SE   THEFT
Theft 2nd Degree (all Other Larceny)
 01/25/19
900 B/O M ST SE   ROBBERY  01/25/19
100 B/O M ST SE   THEFT
Theft 2nd Degree (all Other Larceny)
 01/24/19
1100 B/O NEW JERSEY AVE SE   THEFT
Theft 2nd Degree (all Other Larceny)
 01/24/19

Recent Issued Building Permits Archive  
1331 4TH ST SE CU   
01/25/19 
FC 1331 LLC / BEN BEDDO
TL1900054 / CONSTRUCTION
First Extension to TL1700205, to Expire on 06 / 28 / 2019. Original Scope: New Tenant Layout for restaurant
4 I ST SE   
01/31/19 
USGBF WATERFRONT STATION LLC / TAMIKA STATON; OTIS
EN1900813 / SHOP DRAWING
Install 2 New Elevators - 3500LBS @ 350FPM
   
01/31/19 
USGBF WATERFRONT STATION LLC / TAMIKA STATON; OTIS
EN1900814 / SHOP DRAWING
Install 1 New Elevator - 4000LBS @ 350FPM
2 I ST SE   
01/28/19 
MCDONALDS CORPORATION / ROGER LEE MOORE
M1901295 / SUPPLEMENTAL
   
01/30/19 
MCDONALDS CORPORATION / null
E1903887 / SUPPLEMENTAL
150 I ST SE   
01/31/19 
WILLIAM C SMITH CO / TAMIKA STATON; OTIS
EN1900205 / SHOP DRAWING
Install 1 New Elevator - 3500LBS @ 350FPM
   
01/31/19 
WILLIAM C SMITH CO / TAMIKA STATON; OTIS
EN1900206 / SHOP DRAWING
Install 2 New Elevators - 3500LBS @ 350FPM
   
01/31/19 
WILLIAM C SMITH CO / TAMIKA STATON; OTIS
EN1900207 / SHOP DRAWING
Install 1 New Elevator - 3500LBS @ 350FPM
   
01/31/19 
WILLIAM C SMITH CO / TAMIKA STATON; OTIS
EN1900208 / SHOP DRAWING
Install 1 New Elevator - 4000LBS @ 350FPM
   
01/31/19 
WILLIAM C SMITH CO / TAMIKA STATON; OTIS
EN1900209 / SHOP DRAWING
Install 1 New Elevator - 3500LBS @ 200FPM
   
02/04/19 
SQUARE 737 LLC / RUSSELL M COX
B1904148 / CONSTRUCTION
THIS PERMIT SERVES AS A REVISION TO B1709058 FOR ELEVATOR REVIEW ONLY
250 M ST SE   
01/29/19 
SQ 769 LLC / ILAKKIYA THAMBI
AH1900470 / CONSTRUCTION
Requesting after hour permit to CCTV the sewers
   
02/01/19 
SQ 769 LLC / ILAKKIYA THAMBI
AH1900481 / CONSTRUCTION
After hour permit to CCTV the sewers
   
02/15/19 
SQUARE 769 LLC / STEVEN CHEN
AH1900542 / CONSTRUCTION
After Hours Permit - Drilling of Piles
   
02/15/19 
SQUARE 769 LLC / JENSEN HUGHES
MVQ1900481 / CONSTRUCTION
NFPA 20 2010 EDITION, SECTION 4.12.2.1.1 AS REFERENCED BY 2012 IBC CODE SECTION 913.1. BUILDING PERMIT B1813732
861 NEW JERSEY AVE SE   
02/05/19 
CONSOLIDATED RAIL CORPORATION / THOMAS M. KESSLER
P1903515 / SUPPLEMENTAL
(2) Gas generators
1100 NEW JERSEY AVE SE 350   
01/23/19 
SQUARE 742 LLC / PAUL KOLB 2027264900
E1903640 / SUPPLEMENTAL
79 POTOMAC AVE SE   
01/24/19 
RIVERFRONT HOLDINGS I LLC / null
P1903210 / SUPPLEMENTAL
520 TINGEY ST SE   
02/01/19 
BROOKFIELD PROPERTIES / MAHMOUD KHACHAN
SB1900114 / CONSTRUCTION
Three soil borings, six-inch diameter, 25 feet deep.
227 TINGEY ST SE   
01/24/19 
JOHN MORIARTY & ASSOCIATES / DFM DEVELOPMENT SERVICES, LLC
AH1900451 / CONSTRUCTION
Yards Parcel L-2. Afterhours permit for the purpose of dismantling the tower crane on private property. Work to take place Friday, January 25th from 7PM to 10PM, Saturday, January 26th from 7PM to 10PM, and Sunday, January 27th from 10AM to 7PM.
   
01/31/19 
FOREST CITY WASHINGTON / TAMIKA STATON; OTIS
EN1900809 / SHOP DRAWING
Install 1 New Elevator - 3500LBS @ 350FPM
   
01/31/19 
UNITED STATES OF AMERICA / TAMIKA STATON; OTIS
EN1900802 / SHOP DRAWING
Install 1 New Elevator - 3500LBS @ 350FPM
   
01/31/19 
UNITED STATES OF AMERICA / TAMIKA STATON; OTIS
EN1900803 / SHOP DRAWING
Install 1 New Elevator - 3500LBS @ 350FPM
   
01/31/19 
FOREST CITY WASHINGTON / TAMIKA STATON; OTIS
EN1900807 / SHOP DRAWING
Install 1 New Elevator - 3500LBS @ 350FPM
   
01/31/19 
UNITED STATES OF AMERICA / TAMIKA STATON; OTIS
EN1900808 / SHOP DRAWING
Install New Elevator - 4000LBS @ 350FPM
   
01/31/19 
UNITED STATES OF AMERICA / TAMIKA STATON; OTIS
EN1900799 / SHOP DRAWING
Install 1 New Elevator - 3500LBS @ 200FPM
   
01/31/19 
UNITED STATES OF AMERICA / TAMIKA STATON; OTIS
EN1900800 / SHOP DRAWING
Install 1 New Elevator - 3500LBS @ 200FPM
   
01/31/19 
FOREST CITY WASHINGTON / TAMIKA STATON; OTIS
EN1900806 / SHOP DRAWING
Install 2 New Elevators - 3500LBS @ 200FPM
   
02/08/19 
UNITED STATES OF AMERICA / DFM DEVELOPMENT SERVICES, LLC
B1901392 / CONSTRUCTION
Yards Parcel L1 - Revision to Building Permit # B1801074 to add build-out of hotel restaurants and bars, and to incorporate changes required by DC Water. Includes 1st floor restaurant with 132 indoor seats and 48-seat Summer Garden;1st floor bar with 59 seats and 24-seat Summer Garden; Rooftop Bar with 48 indoor seats; Rooftop restaurant with 67 indoor seats and 48-seat Summer Garden. TPR
   
02/08/19 
FOREST CITY WASHINGTON / DFM DEVELOPMENT SERVICES, LLC
AH1900513 / CONSTRUCTION
Yards Parcel L-2. Afterhours permit for the purpose of dismantling the tower crane on private property. Work to take place Friday, 2 / 8 / 19 and Saturday 2 / 9 / 19 between 7pm-10pm as well as Sunday, 2 / 10 / 19 between 10am-7pm.
300 TINGEY ST SE   
01/23/19 
FC BOILERMAKER LLC / GERALD ROPER
D1900159 / CONSTRUCTION
DEMOLITION TO INCLUDE REMOVAL OF EXISTING PARTITIONS & MILLWORK, ACT CEILING, BAR EQUIPMENT, LIGHT FIXTURES, AND FINISHES. NO CHANGE TO HISTORIC STOREFRONT OR STRUCTURAL ELEMENTS.
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  
1117 3RD ST SE   12/06/18
$ 5,000,000
SQUARE 769 LLC WILLIAM C SMITH & CO INC
 


Project Directory
Completed
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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