Since January, 2003
            
 (a random before-and-after moment)
May 27, 2006
June 16, 2018
Half at K, Looking West-Southwest (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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Recent Crime Incidents Archive  
1000 5TH ST SE   THEFT FROM AUTO
Theft (theft From Motor Vehicle) - Street / Unknown
 09/16/18
800 B/O L ST SE   THEFT FROM AUTO
Theft (theft From Motor Vehicle)
 09/16/18
1000 B/O NEW JERSEY AVE SE   THEFT FROM AUTO
Theft (theft From Motor Vehicle)
 09/15/18
1000 B/O 3RD ST SE   THEFT FROM AUTO
Theft (theft From Motor Vehicle)
 09/15/18
400 B/O M ST SE   THEFT
Theft 2nd Degree (theft From Building)
 09/13/18
1100 B/O NEW JERSEY AVE SE   THEFT
Theft 2nd Degree (all Other Larceny)
 09/13/18
1000 B/O HALF ST SE   THEFT FROM AUTO
Theft (theft From Motor Vehicle)
 09/11/18
1100 B/O NEW JERSEY AVE SE   THEFT
Theft 2nd Degree (all Other Larceny)
 09/08/18
400 B/O M ST SE   THEFT
Shoplifting
 09/02/18
400 B/O M ST SE   THEFT
Theft 2nd Degree (all Other Larceny)
 08/29/18
400 B/O M ST SE   THEFT
Theft 2nd Degree (all Other Larceny)
 08/29/18
1100 B/O NEW JERSEY AVE SE   THEFT
Theft 2nd Degree (all Other Larceny)
 08/29/18
400 B/O M ST SE   THEFT
Theft 2nd Degree (all Other Larceny)
 08/26/18
400 B/O M ST SE   THEFT
Theft 2nd Degree (theft From Building)
 08/21/18
400 B/O M ST SE   THEFT
Theft 2nd Degree (all Other Larceny)
 08/20/18
1300 B/O 4TH ST SE   THEFT
Theft First Degree (all Other Larceny)
 08/20/18
1400 B/O SOUTH CAPITOL ST   THEFT
Theft 2nd Degree (theft From Building)
 08/20/18

Recent Issued Building Permits Archive  
1108 3RD ST SE   
09/04/18 
JULIANA DUFFY / HERVE BILLIET
SOL1800816 / CONSTRUCTION
This is a new rooftop solar installation for 1108 3rd Street SE, Washington, DC, 20003.
   
09/06/18 
JULIANA DUFFY / null
E1810366 / SUPPLEMENTAL
4 I ST SE   
08/29/18 
CRESCENT COMMUNITIES / MITCH A. PERMUY 727-210-0492
E1809865 / SUPPLEMENTAL
2 I ST SE   
08/27/18 
MCDONALDS CORPORATION / DONNA G GRAHAM
AH1801251 / CONSTRUCTION
WR #3573836-VAETH / BRUNO-WARD 6-20003-PEPCO CREWS WILL BE WORKING #2 I ST SE - MAY NEED TO BLOCK "I" ST ON OCCASION TO INSTALL NETWORK TRANSFORMERS AND INSTALL CABLE - CREW WILL BE WORKING AT NIGHTS DURING THE WEEK (MONDAY THRU FRIDAYS) FROM 9PM TO 7 AM - WILL ALSO BE WORKING WEEKENDS (SAT & SUN) FROM 6AM TIL 6PM
   
08/29/18 
CRESCENT CAPITAL VIEW LLC / KIM MITCHELL
TL1800059 / CONSTRUCTION
EXPEDITION / VELOCITY PROGRAM - INTERIOR WORK ONLY FULL-SERVICE RESTAURANT WITH 78 SEATS AND 80 OCCUPANTS INDOORS. WITH BUILDOUT OF AN EXISTING COLD DARK SHELL STRUCTURE AT THE GROUND FLOOR OF THE 2 I STREET BUILDING PERMIT B1713380. THE BUILDOUT IS FOR A RETAIL KITCHEN.
42 I ST SE   
08/23/18 
UNITED STATES OF AMERICA / HITT CONTRACTING INC
UT1800067 / CONSTRUCTION
REPAIR OF AN EXISTING UNDERGROUND STORAGE TANK. NO EXCAVATION WILL BE DONE. WORK INCLUDES INSTALL TWO NEW MANWAYS, REPLACE LADDER, REPAIR AND REPLACEMENT OF EXISTING PIPING AND PUMPS AND TANK OPERATING EQUIPMENT AND THE RESEALING OF THE INTERIOR OF THE TANK. THE TANK IS LOCATED ON THE CAPITOL POWER PLANT PROPERTY.
202 M ST SE   
09/05/18 
UNITED STATES OF AMERICA / DANIEL KISER; X
SG1800384 / CONSTRUCTION
Installation of 4 wall mounted signs. 2 @ 26.25 SF and 2 @ 35.5 sf
300 M ST SE   
08/27/18 
FEDERAL CENTER LP / SAM HOLLEN
B1809629 / CONSTRUCTION
INTERIOR RENOVATION TO 3RD FLOOR OFFICE SPACE FOR NEW MEDICAL OFFICE. PARTITIONS, FURNITURE, MEP AND LIFE SAFETY. LEAD WALLS FOR X-RAY ROOM. NO STRUCTURAL. 3006 SQUARE FEET. THE CENTERS FOR ADVANCED ORTHOPEDICS, LLC SUITE 325 **CHANGE IN USE, LEVEL 2 ALTERATION
   
09/05/18 
FEDERAL CENTER LP / null
P1808927 / SUPPLEMENTAL
   
09/05/18 
FEDERAL CENTER LP / null
P1808926 / SUPPLEMENTAL
1100 NEW JERSEY AVE SE   
08/23/18 
SQUARE 742 LLC / null
E1809932 / SUPPLEMENTAL
   
08/30/18 
SQUARE 742 LLC / null
E1810159 / SUPPLEMENTAL
125 O ST SE   
08/29/18 
DISTRICT OF COLUMBIA / DAVID T FONTANA
B1803497 / CONSTRUCTION
Revision to issued permit B1700636 for new six story DC WATER HQ office to include: Minor door, ramp and partition changes, corrections to foundation, slab and framing due to field conditions, MEP & FA coordination with other changes, minor changes to landscaping and water utility site work.
71 POTOMAC AVE SE   
08/27/18 
FORIDA ROCK PROPERTIES INC / null
AH1801250 / CONSTRUCTION
afterhours to pour concrete on jobsite from 8 / 27 / 2018 to 9 / 27 / 2018 from 9pm to 7am
   
08/31/18 
FORIDA ROCK PROPERTIES INC / MITCH PERMUY 7272100492
E1810173 / 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  
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Project Directory
Completed
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)


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