Sliding from Before to After
 Documents filed today show that Monument Realty, which sunk its teeth whole-heartedly into the Nationals Park-fueled land rush of 2004 and 2005, is exiting Half Street, with the sale of the company's two remaining parcels, best known to baseball fans and residents as the location since 2009 of the big hole in the ground on the east side of the street. The buyer of the properties is officially Half Street Residential PJV, LLC, which the Washington Business Journal is reporting is a new partnership of MacFarlane Partners and Jair Lynch Development Partners. WBJ: "MacFarlane already owned a 50 percent stake in the residential portion of Half Street. With local partner Jair Lynch, MacFarlane essentially bought out Monument and Lehman," with an expectation that the "new team will bring this languishing project to life." Monument now is involved in only one property in the neighborhood, the old Domino's site at South Capitol and M that they made initial moves to develop as an office building a few years ago. (But, in what may or may not mean anything, there have been permits issued in recent days for soil borings on that site, which is often a precursor to a sale. I'm not saying--I'm just saying.) This is the end of quite a chapter in the neighborhood's rise--and the beginning of a new round of toe-tapping about progress on what was once envisioned to be one of the liveliest stretches of street in town. It will be interesting to see how quickly MacFarlane/Lynch move, and what their new plans may be, (And, for that matter, whether Akridge is currently making any moves on its side of Half Street.)
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ZoolanderANDtheBoYz says: (9/11/14 11:14 PM)
We all knew this will happen sooner or later. I am very happy Monument is out though. I would not be surprised if Akridge announces the same deal. I was hoping the cash kings DC developers like Douglas development and JBG would have already made their offer on Akridge half street development.
202_cyclist says: (9/11/14 11:38 PM)
$12.5M seems like an incredible deal for a property that has already been excavated and that is located both right next to the Nationals stadium (Lets go Nats!!!) and a metro station.
JD says: (9/12/14 8:21 AM)
Since MacFarlane was already a partner in part of the land, I imagine the sale price isn't exactly equal to the value of the land.
JES says: (9/12/14 9:51 AM)
Akridge isn't bankrupt though; aren't they in fairly decent shape financially? Makes much more sense for Monument to exit than it does for Akridge.
JD says: (9/12/14 11:16 AM)
I was too harried in trying to get this written last night to go look at the soil boring permit for the Domino's site at South Capitol and M, but here's some of the included text: "THE SOIL BORINGS ARE BEING CONDUCTED AS PART OF A DUE DILIGENCE INVESTIGATION ASSOCIATED WITH A REAL ESTATE TRANSACTION."
Packinblackandred says: (9/12/14 1:58 PM)
@JES My guess is that Akridge is in pretty good shape financially, but they may be cautious about putting out a ton of cash developing their parcels until they know how the DC United/Buzzard Point deal ends up. Under the current framework, Akridge would need to pay DC ~$35 million in cash (in addition to ~$21 million in land) to get the Reeves Center. That amount will probably change based on horse trading for the final deal, should it be approved.
202_cyclist says: (9/12/14 2:23 PM)
@Packinblackandred: Unfortunately, it looks like the DC Council and the next mayor could very well find a way to screw up the DC United stadium proposal: link .
dbt says: (9/12/14 2:43 PM)
All the development in the neighborhood over the last decade has been great, but I've long thought that the Monumnet Valley (or Forest?) site is the lynchpin, given its location directly across from the ballpark entrance that almost everyone uses. Once it gets built, I think the perception of the area among denizens of the DMV will change (for the better), and we'll be able to start dreaming of things like hosting the MLB All-Star Game; unitl then, not so much. Hopefully, this sale will bring us closer to that day.
conngs0 says: (9/12/14 3:02 PM)
dbt, you're absolutely right about the All Star game. It's not happening with that hole in the ground right across from the ballpark. Likewise, development of that site, the Half Street Fairgrounds area and the movie theater are necessary to complete the perception that the neighborhood has graduated from "up and coming" status. As to the DC United stadium deal at Buzzards Point, I certainly wouldn't put it past the DC Council or any DC Mayor to screw up anything that could be beneficial to the city. However, I think they've already messed up that project by undermining the streetcar plans to get people from the Waterfront and/or Navy Yard Metro Stations to the proposed new stadium.
JD says: (9/12/14 3:06 PM)
@Alex, looks like WBJ eventually got the same tip I already had, hence my sly comment about Akridge's next move. :-)
JES says: (9/12/14 5:43 PM)
MLB is so full of sh*t with the all star game. So our up and coming neighborhood can't have one because we "aren't there yet," but stadiums surrounded by seas of parking lots are perfectly ok? (Coughstlouis). Sure, that makes sense...
KLB says: (9/15/14 12:37 PM)
@JES - I don't think the current development around the stadium has anything to do with the lack of All-Star game in DC. The game alternates between an NL and AL ballpark each year, and currently (after Cincinnati hosts next year) there are still a couple of NL teams with older newer ballparks than the Nats (Philly and San Diego) that haven't hosted the game yet either.
Jaybird says: (9/15/14 7:16 PM)
I'm not so sure that the Half Street situation will be a factor in the choosing of the MLB all-star game. I'm guessing other cities were chosen when the surrounding neighborhoods had issues. The Commissioner has his hands full with other factors, such as trying to please all the owners who want one, anniversary dates, etc. Pittsburgh got selected twice due to their sagging franchise situation (plus it is a great ballpark). I'd say the Half Street situation is the least of our worries for trying to get the MLB All-Star team. The cameras will pan to the all good stuff already happening in JDLand, and will be accented during the VIP tour.
ZoolanderANDtheBoYz says: (9/17/14 2:29 PM)
Sorry boys, construction won't start till 2016 link
JD says: (9/17/14 2:36 PM)
From that link:
"The price was roughly $34 million for two residential, ground-level pads and one air rights hotel site. We had originally reported the price as $12.5 million, based on the deeds and information from Monument, but Lynch said the partnership "cut a check for $34 million.""
(I wonder if MacFarlane got a rebate on some of that, though, since it was a partner in the original incarnation.)
JD says: (9/17/14 2:37 PM)
And this: "While the project is expected to remain a mix of residential, retail and hotel, Lynch said he is now considering condos in addition to apartments, tweaking unit sizes, adding green features and amenities and bringing in a "completely different retail mix.""
In other words, it's basically going to be the same (hotel, residential, retail). Especially since the "current" retail mix was *nothing.*
Not like they're suddenly making it into a concert space or something.
JD says: (9/17/14 3:20 PM)
And Monument had condos in their original plans: link The more things change....
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Full Neighborhood Development Map
There's a lot more than just the projects listed here. See the complete map of completed, underway, and proposed projects all across the neighborhood.
What's New This Year A quick look at what's arrived or been announced since the end of the 2018 baseball season.
Food Options, Now and Coming Soon
There's now plenty of food options in the neighborhood. Click to see what's here, and what's coming.
Anacostia Riverwalk
A bridge between Teague and Yards Parks is part of the planned 20-mile Anacostia Riverwalk multi-use trail along the east and west banks of the Anacostia River.
Virginia Ave. Tunnel Expansion
Construction underway in 2015 to expand the 106-year-old tunnel to allow for a second track and double-height cars. Expected completion 2018.
Rail and Bus Times Get real time data for the Navy Yard subway, Circulator, Bikeshare, and bus lines, plus additional transit information.
Rail and Bus Times Get real time data for the Navy Yard subway, Circulator, Bikeshare, and bus lines, plus additional transit information.
Canal Park
Three-block park on the site of the old Washington Canal. Construction begun in spring 2011, opened Nov. 16, 2012.
Nationals Park
21-acre site, 41,000-seat ballpark, construction begun May 2006, Opening Day March 30, 2008.
Washington Navy Yard
Headquarters of the Naval District Washington, established in 1799.
Yards Park
5.5-acre park on the banks of the Anacostia. First phase completed September 2010.
Van Ness Elementary School
DC Public School, closed in 2006, but reopening in stages beginning in 2015.
Agora/Whole Foods
336-unit apartment building at 800 New Jersey Ave., SE. Construction begun June 2014, move-ins underway early 2018. Whole Foods expected to open in late 2018.
New Douglass Bridge
Construction underway in early 2018 on the replacement for the current South Capitol Street Bridge. Completion expected in 2021.
1221 Van
290-unit residential building with 26,000 sf retail. Underway late 2015, completed early 2018.
NAB HQ/Avidian
New headquarters for National Association of Broadcasters, along with a 163-unit condo building. Construction underway early 2017.
Yards/Parcel O Residential Projects
The Bower, a 138-unit condo building by PN Hoffman, and The Guild, a 190-unit rental building by Forest City on the southeast corner of 4th and Tingey. Underway fall 2016, delivery 2018.
New DC Water HQ
A wrap-around six-story addition to the existing O Street Pumping Station. Construction underway in 2016, with completion in 2018.
The Harlow/Square 769N Apts
Mixed-income rental building with 176 units, including 36 public housing units. Underway early 2017, delivery 2019.
West Half Residential
420-unit project with 65,000 sf retail. Construction underway spring 2017.
Novel South Capitol/2 I St.
530ish-unit apartment building in two phases, on old McDonald's site. Construction underway early 2017, completed summer 2019.
1250 Half/Envy
310 rental units at 1250, 123 condos at Envy, 60,000 square feet of retail. Underway spring 2017.
Parc Riverside Phase II
314ish-unit residential building at 1010 Half St., SE, by Toll Bros. Construction underway summer 2017.
99 M Street
A 224,000-square-foot office building by Skanska for the corner of 1st and M. Underway fall 2015, substantially complete summer 2018. Circa and an unnamed sibling restaurant announced tenants.
The Garrett
375-unit rental building at 2nd and I with 13,000 sq ft retail. Construction underway late fall 2017.
Yards/The Estate Apts. and Thompson Hotel
270-unit rental building and 227-room Thompson Hotel, with 20,000 sq ft retail total. Construction underway fall 2017.
Meridian on First
275-unit residential building, by Paradigm. Construction underway early 2018.
The Maren/71 Potomac
264-unit residential building with 12,500 sq ft retail, underway spring 2018. Phase 2 of RiverFront on the Anacostia development.
DC Crossing/Square 696
Block bought in 2016 by Tishman Speyer, with plans for 800 apartment units and 44,000 square feet of retail in two phases. Digging underway April 2018.
One Hill South Phase 2
300ish-unit unnamed sibling building at South Capitol and I. Work underway summer 2018.
New DDOT HQ/250 M
New headquarters for the District Department of Transportation. Underway early 2019.
37 L Street Condos
11-story, 74-unit condo building west of Half St. Underway early 2019.
CSX East Residential/Hotel
225ish-unit AC Marriott and two residential buildings planned. Digging underway late summer 2019.
1000 South Capitol Residential
224-unit apartment building by Lerner. Underway fall 2019.
Capper Seniors 2.0
Reconstruction of the 160-unit building for low-income seniors that was destroyed by fire in 2018.
Chemonics HQ
New 285,000-sq-ft office building with 14,000 sq ft of retail. Expected delivery 2021.
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.
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1100 B/O NEW JERSEY AVE SE
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Burglary Two
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UNIT B/O M ST SE
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| ROBBERY
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1000 B/O NEW JERSEY AVE SE
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| THEFT FROM AUTO
Theft (theft From Motor Vehicle)
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UNIT B/O I ST SE
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| ROBBERY
Carjacking
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200 B/O M ST SE
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| ASSAULT WITH A DANGEROUS WEAPON
| 11/22/20
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UNIT B/O I ST SE
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Theft 2nd Degree (all Other Larceny)
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700 B/O L ST SE
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Theft 2nd Degree (all Other Larceny)
| 11/22/20
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1000 B/O 3RD ST SE
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| ROBBERY
| 11/21/20
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1200 B/O 1ST ST SE
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| THEFT FROM AUTO
Theft (theft From Motor Vehicle)
| 11/19/20
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UNIT B/O M ST SE
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| THEFT FROM AUTO
Theft 2nd Degree (theft From Motor Vehicle)
| 11/18/20
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1000 B/O HALF ST SE
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| THEFT
Theft 2nd Degree (all Other Larceny)
| 11/12/20
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1100 B/O 2ND PLACE SE
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Theft First Degree (Stolen Auto)
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1000 B/O 8TH ST SE
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Theft First Degree (theft From Building)
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1000 B/O HALF ST SE
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Theft (theft Of Motor Vehicle Parts Or Accessories)
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400 B/O M ST SE
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| THEFT
Theft 2nd Degree (all Other Larceny)
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300 B/O L ST SE
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Theft (theft From Motor Vehicle)
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900 B/O 4TH ST SE
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Theft (theft From Motor Vehicle)
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UNIT B/O I ST SE
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Theft First Degree (shoplifting)
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900 B/O HALF ST SE
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Theft First Degree (Stolen Auto)
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300 B/O TINGEY ST SE
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Carjacking
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1300 B/O 4TH ST SE
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Theft 2nd Degree (all Other Larceny)
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Recent Issued Building Permits
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1200 1ST ST SE
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11/04/20
PEPCO / DONNA G GRAHAM
AH2100169 /
CONSTRUCTION
WO #16029084 / 02 - 1200 1ST ST SE - PEPCO / WA CHESTER TO REMOVE AND INSTALL CABLES MONDAY THROUGH SATURDAYS FROM 9PM TO 6AM STARTING 11 / 5 / 20 TO 12 / 5 / 20
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1018 3RD ST SE
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11/10/20
DAVID A LEINER / null
E2101357 /
SUPPLEMENTAL
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1300 4TH ST SE 1001
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11/03/20
YAAN REAL ESTATE LP / null
P2100950 /
SUPPLEMENTAL
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1300 4TH ST SE RU-1
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11/19/20
AP BOWER RETAIL LLC / null
E2101650 /
SUPPLEMENTAL
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1057 5TH ST SE
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11/05/20
PAM HARDER / null
E2101183 /
SUPPLEMENTAL
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82 I ST SE
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11/12/20
STARRY / null
E2101432 /
SUPPLEMENTAL
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330 K ST SE
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11/09/20
MINDY J SHAW / CASEY CHARKHABI; NA
B2008664 /
CONSTRUCTION
Adding a bathroom on the first floor
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11/10/20
JINGSONG XIA / null
P2101107 /
SUPPLEMENTAL
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100 M ST SE
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11/12/20
LHREV WASHINGTON M ST LLC / null
P2101170 /
SUPPLEMENTAL
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11/12/20
SQUARE 743 INC / ;
P2101121 /
SUPPLEMENTAL
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139 N ST SE
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11/10/20
BROOKFIELD DEVELOPMENT / JUSTIN BELLOW; BROOKFIELD DEVELOPMENT
B2004436 /
CONSTRUCTION
NEW CONSTRUCTION 10-STORY PLUS PENTHOUSE APARTMENT BUILDING WITH 379 UNITS. PROPOSED GROSS FLOOR AREA: 225,000 SF.
SH2000028 issued
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1275 NEW JERSEY AVE SE
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11/04/20
USA / null
E2101168 /
SUPPLEMENTAL
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11/09/20
BROOKFIELD PROPERTIES / TIM GOOD
BP2100588 /
POST CARD
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71 POTOMAC AVE SE APT 1208
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11/02/20
null / NA NA NA
EHOP20957167 /
HOME OCCUPATION
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71 POTOMAC AVE SE
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11/04/20
RIVERFRONT HOLDINGS II, LLC / null
M2100380 /
SUPPLEMENTAL
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11/04/20
RIVERFRONT HOLDINGS II, LLC / null
P2100978 /
SUPPLEMENTAL
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11/09/20
MRP REALTY / null
E2101319 /
SUPPLEMENTAL
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227 TINGEY ST SE
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11/18/20
FC 227 LLC / null
E2101630 /
SUPPLEMENTAL
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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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