Since January, 2003
            
 Sliding from Before to After

From WBJ: "D.C. developer Akridge has sold the majority of its Half Street parcel across from Nationals Park to The JBG Cos., which is expected to redevelop the site with two new residential buildings and a large amount of what one executive called "dramatic" retail."
JBG has acquired the southern two-thirds of the block, far better known as the shipper container-ringed location of the Fairgrounds, directly across N Street from Nats Park and also directly across Van Street from JBG's own under-development 1244 South Capitol residential project.
Akridge apparently is maintaining a minority stake in that portion of the site, but JBG will "take over day-to-day development duties." WBJ says Akridge is also apparently "under contract to recapitalize the northern third of Half Street."
After Akridge acquired the site in 2008--which was once home to WMATA's Southeastern Bus Garage--plans were run through the Zoning Fun Factory for two office buildings on the north end of the site and a 280-unit residential building on the south end (along with 55,000 square feet of retail), but WBJ says that JBG's portion of the block is now expected to include two residential buildings, with one office building on the land Akridge still owns along M Street. Plus "dramatic retail."
WBJ pegs the sale price for the JBG portion of the site at $45 million.
This is not unexpected, as news had surfaced back in September that Akridge was looking for a new partner to develop the site.
It also dovetails with the sale of Monument Valley on the east side of Half Street to the MacFarlane/Lynch development team, which is early in the process of bringing residential offerings along its own portion of N Street.
You can look at my Akridge Half Street project page for reminders of what had been planned for the site, though I look at that page (and my Monument Valley page) more as a marvel of the tens of thousands of words I have expended on plans for these sites over the past 10 years.
Comments (21)
   
 
 More About West Half St.

JDLand.com Home

Comments

JES says: (2/20/15 3:54 PM)
What the eff is "dramatic" retail?


JD says: (2/20/15 3:56 PM)
I guess I'd look at 1244 South Capitol and its two stories of retail at the corner of South Capitol & N for some hint.


JES says: (2/20/15 4:04 PM)
Sweeeeeeeeeeeet.


ZoolanderANDtheBoYz says: (2/20/15 4:30 PM)
I guess they will have a diverse kind of retail instead of just bars and restaurants. I wouldn't be surprised if it turns out to look like a gallery place. OR worst Crystal city.



NMJ says: (2/20/15 5:29 PM)
Does this mean no truckeroo this year?


JD says: (2/20/15 5:31 PM)
Take a deep breath on all Fairgrounds-related questions. No one knows yet.


MJM says: (2/20/15 7:15 PM)
Our long neighborhood nightmare is coming to an end. The squatter is out and the developer is in.


ZoolanderANDtheBoYz says: (2/20/15 9:25 PM)
@NMJ, it is probably going to take 2 to 3 years for a construction to start. So, you will see Fairground for the upcoming summer and possibly for next summer.

By the way, I have a perfect view of 909 from my apartment. I am just hoping the design looks unique instead of boxy square like any other apartment in DC. I don't know why 82 I looks like Park Riverside?


SWag says: (2/20/15 11:28 PM)
OT - There's going to be a lot of dead space between 82 I and Axiom


Section314 says: (2/21/15 9:16 AM)
Now we can hope that Akridge divests the lot across from the new Parc Riverside allowing that lot to be developed. I've never quite figured out what Akridge does but they sure don't seem to develop many properties.


ZoolanderANDtheBoYz says: (2/21/15 9:36 AM)
@section314, they probably will end up selling that lot too. I think they are broke or they have shitty credit.


Kev29 says: (2/22/15 11:44 AM)
"What the eff is "dramatic" retail?"

Eataly, of course. It's a lock! ;-)


JES says: (2/23/15 10:50 AM)
@Zoo, Monument was the broke landowner (and has since shed most of their land holdings down here). Akridge is pretty healthy I believe: link

Though I'm not quite sure what their logic was in snapping up a bunch of land here and just letting it sit for so long.


JD says: (2/23/15 10:53 AM)
If they were healthy, and even putting aside the recession, they would have long ago begun work on one of the most high-profile pieces of land in the entire city.



ZoolanderANDtheBoYz says: (2/23/15 12:08 PM)
I don't think they are healthy. They are just another broke real estate company. You can call JBG healthy because it seems they own half of the city under construction projects.


ZoolanderANDtheBoYz says: (2/23/15 12:10 PM)
It seems Ruben is doing soil testing to one of their planned office lot next to the catholic church on South Capitol SE.


ZoolanderANDtheBoYz says: (2/23/15 12:44 PM)
@JD, I am guessing Jair Lynch won't include a hotel the way monument originally planned it?


JD says: (2/23/15 12:46 PM)
Don't know, but with two hotels on the other half of the block, and one up in the next block at Half and M, that might not be an unwise decision if it happens.


JES says: (2/23/15 1:02 PM)
Eh, in a city with a tourist economy as healthy as ours, more hotels is probably a good thing. We're so close to the Capitol and Smithsonian, it's not like baseball fans are the only people that our hotels are relying on.


Alex B. says: (2/23/15 1:49 PM)
"If they were healthy, and even putting aside the recession, they would have long ago begun work on one of the most high-profile pieces of land in the entire city."

This seems to be an awfully unfounded assumption.


Section314 says: (2/24/15 2:40 PM)
While "healthy" is a qualitative judgement best determined in the eyes of the beholder, the old saying seems to apply here. "Judge them not by their words but by their deeds."

Akridge is a real estate talker, not a real estate developer. Just look at the dearth of active projects on their website. A "healthy" developer builds things, which Akridge does not do.

Add a Comment:

Comments are closed for this post.

JDLand Comments RSS Feed


 More News


See All Current News Items | Full Blog Archive

 
 Recent Posts

Westnorth on Inching from Quarantining: M St SE is getting rush-hour bus lanes from 1/2 St to 10th St. https://ddot.dc....
CJ1 on Inching from Quarantining: Oh wow... I live at Ore82 and didn't know about any of this.
GarfieldPark on Inching from Quarantining: @JD: Apparently, ORE will be eliminating (or making them smaller) some of it's ...
JD on Inching from Quarantining: Some interesting design notes found in the approved building permit for the thre...
KEWEE on Inching from Quarantining: Jeni's Splendid Ice Creams is coming to the retail space located at The Bower co...
CJBabyDaddy on Inching from Quarantining: Serious workplace accident on the ground this morning at the Chemonics construct...
Get JDLand Updates In Your Inbox!


Thousands and thousands of photos showing the neighborhood changing. More than 150 buildings no longer with us. All the news, since 2003. Photos from various archives showing the neighborhood in the more distant past. Maps from the early 1900s. Overhead Photo Comparisons: 1949, 1988, 2002-2008. All Blog Entries, 2003 - Present Major Events, 1799 - Present A series of blog entries looking at the neighborhood's history.
Near Southeast's Rearview Mirror


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 K ST SE   MOTOR VEHICLE THEFT
Theft First Degree (Stolen Auto)
 07/06/20
1200 B/O HALF ST SE   THEFT
Theft First Degree (all Other Larceny)
 07/05/20
100 B/O H ST SE   THEFT
Theft 2nd Degree (all Other Larceny)
 07/03/20
100 B/O O ST SE   ROBBERY  07/03/20
400 B/O M ST SE   THEFT
Theft 2nd Degree (theft From Building)
 06/28/20
1200 B/O 1ST ST SE   MOTOR VEHICLE THEFT
Theft First Degree (Stolen Auto)
 06/25/20
1200 B/O SOUTH CAPITOL ST SE   THEFT FROM AUTO
Theft First Degree (theft From Motor Vehicle)
 06/23/20
1200 B/O NEW JERSEY AVE SE   ASSAULT WITH A DANGEROUS WEAPON
Assault W/i To Kill
 06/20/20
1000 B/O 3RD PLACE SE   THEFT
Theft 2nd Degree (all Other Larceny)
 06/18/20
800 B/O SOUTH CAPITOL ST SE   ASSAULT WITH A DANGEROUS WEAPON  06/14/20
400 B/O M ST SE   THEFT
Shoplifting
 06/12/20
1000 B/O M ST SE   ROBBERY
Unarmed Carjacking
 06/09/20
UNIT B/O M ST SE   ASSAULT WITH A DANGEROUS WEAPON  06/07/20

Recent Issued Building Permits Archive  
1300 4TH ST SE RU-2   
06/18/20 
AP BOWER RETAIL LLC / MELISSA BRENT
SG2000335 / CONSTRUCTION
Install 1 illuminated wall sign & 1 illuminated blade sign - JENIs ICE CREAM
150 I ST SE   
06/15/20 
SQUARE 737 LLC / BOB BIROONAK; NA; NA
SG2000323 / CONSTRUCTION
two illuminated building sign
151 M ST SE   
06/18/20 
BROOKFIELD PROPERTIES / CHRIS CRESCI; NA
SB2000292 / CONSTRUCTION
WSP will be advancing approximately 50 soil borings to 30 feet, and an additional 8 borings to 4 feet via direct push. A water sample will be collected from 3 of the deep borings. All borings will be abandoned via bentonite grout mix. Investigation derived waste will be stored in DOT 55-gallon steel drums. Private and public utility locating will take place prior to the work beginning
250 M ST SE   
06/19/20 
WILLIAM C SMITH / null
E2008622 / SUPPLEMENTAL
   
06/24/20 
SQUARE 769 LLC / null
M2002834 / SUPPLEMENTAL
   
06/24/20 
SQUARE 769 LLC / null
P2006931 / SUPPLEMENTAL
300 M ST SE   
06/16/20 
FEDERAL CENTER LP / null
E2008501 / SUPPLEMENTAL
   
06/18/20 
FEDERAL CENTER LP / null
E2008587 / SUPPLEMENTAL
111 N ST SE   
06/16/20 
BROOKFIELD PROPERTIES / NA; CHRIS CRESCI
SB2000293 / CONSTRUCTION
WSP will advance 22 soil borings to 25 feet and 8 soil borings to 4 feet via direst push. A groundwater sample will be collected from 2 of the deep borings by installing a temporary well to be in the ground for just a couple hours. Borings will be backfilled with bentonite / grout mix. IDW will be stored in DOT 55-gallon drums. A private and public utility mark out will be completed prior to b...
861 NEW JERSEY AVE SE   
06/10/20 
CXS TRANSPORTATION INC / ;
P2006604 / SUPPLEMENTAL
   
06/19/20 
CXS TRANSPORTATION INC / ;
P2006843 / SUPPLEMENTAL
   
06/22/20 
GREYSTAR GP LLC / KIM MITCHELL
B1903035 / CONSTRUCTION
The proposed project is three structures which are connected by a shared below-grade garage, which is one story deep on the east half of the site and two stories deep on the west half of the site. Two structures will be residential, with a total of 756 units, and the third will be a 225-key hotel. The west residential structure (Building 3) is planned to be 13 stories with ground and roof level am...
   
06/25/20 
CXS TRANSPORTATION INC / ;
P2006972 / SUPPLEMENTAL
1100 NEW JERSEY AVE SE   
06/10/20 
SQUARE 742 LLC, C/O SPAULDING & SLYE/STE 100, / PAUL WHITLEY
AN1900284 / CONSTRUCTION
PROJECT CONSISTS OF: REMOVING: (2) EXISTING EQUIPMENT CABINETS, (3) EXISTING ANTENNA'S, (1) EXISTING RRU'S AND ANCILLARY EQUIPMENT / CABLE AND INSTALLING: (6) PROPOSED ANTENNA'S, (3) PROPOSED RRU'S, AND(2) PROPOSED EQUIPMENT CABINETS ON AN EXISTING TELECOM FACILITY
1111 NEW JERSEY AVE SE   
06/12/20 
GALLERY CAPITOL RIVERFRONT PROPERTY LLC / TRACIE CLAXTON; NA; NA
SG2000257 / CONSTRUCTION
One Wall Mounted Sign illuminated
   
06/24/20 
GALLERY CAPITOL RIVERFRONT PROPERTY LLC / null
P2006938 / SUPPLEMENTAL
401 WATER ST SE   
06/18/20 
BROOKFIELD PROPERTIES / CHRIS CRESCI
SB2000294 / CONSTRUCTION
WSP will advance 23 soil borings to 30 feet and 8 additional borings to 4 feet using direct push. A groundwater sample will be collected from 2 of the deep borings by installing a temporary well. Soil boirngs will be abandoned with bentonite / grout mix. IDW will be stored for disposal in DOT 55-gallon drums. A private and public utility mark out will be completed priot to starting intrusive w...
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  
No commercial transaction records added or modified in the past two weeks.


Project Directory
Completed
Thompson Hotel ('20)
West Half ('19)
Novel South Capitol ('19)
Yards/Guild Apts. ('19)
Capper/The Harlow ('19)
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
Capper/Carrollsburg
Anacostia Riverwalk
New Jersey Avenue
M Street
South Capitol Street
The Yards
Lower 8th Street
East M Street
Boathouse Row





                  © Copyright 2020 JD.