Sliding from Before to After
 Last week developer PN Hoffman announced the completion of a $20 million financing deal that will allow its 138-unit condo project at 4th and Tingey in the Yards to break ground in the first quarter of 2016. The building, seen on the left side of this rendering, will have about 12,000 square feet of ground-floor retail as well as below-grade parking, and is expected to be finished in 2018. It was designed by Handel Architects and WDG, and it's not hard to see brick-and-glass echoes of Arris, its cousin across 4th Street. The financing was provided by Grosvenor Americas' Structured Development Financing program, for those of you keeping score at home. And at the same time Hoffman's condo project is being built, Forest City will be building its own rental building immediately to the south, with 190 units in two towers (as seen on the right side of the rendering and in other renderings on the project page). This is the site where the trapeze school has been camped for the past few years, and it's why they are moving to their new digs at New Jersey and Tingey Any Minute Now. Hoffman's building (technically known at this point at as Parcel O-1) will be the first condo project in the Yards, and will also be the first condo project to get underway in the neighborhood since Velocity started its construction in 2007--and looks to be on the vanguard of a mini-wave of condo offerings, as both developments at Half and N just north of Nats Park are slated to have condos, along with perhaps a future project at Half and L and one on Square 767 on the old Capper footprint.
JDLand.com Home
RMP says: (12/16/15 9:25 AM)
Can someone explain to a first time buyer how condos go on sale for a building that hasn't even broken ground? Do they just take deposits? How much would they expect someone to put down on a unit they won't be able to live in for at least 2 years?
JES says: (12/16/15 10:59 AM)
That's an interesting question. Wasn't an issue for us at Velocity (since the whole building didn't presell, we were able to do a traditional FHA on ours 3 years after the building was completed), but I'd be surprised if this didn't completely sell out before they deliver.
JES says: (12/16/15 11:00 AM)
Can any Velocity pre-buyers out there who maybe reading the site provide any insight?
JD says: (12/16/15 11:02 AM)
I know nothing on this topic, but I imagine it's not that different from buying at Capitol Quarter before the houses were built?
I think you sign scads of papers and put down a deposit.
JHUGrad says: (12/16/15 11:50 AM)
I bought in Capitol Quarter, and we had to put down a deposit to secure the right to purchase the home (There wasn't a sales agreement initially). Once EYA controlled the land (It was DCHA land, which complicated things), we had to sign the Sales Agreement. They then took the deposit we initially gave, and applied it as a downpayment toward the purchase of the home.
JD says: (12/16/15 11:53 AM)
I'm interested in how many folks are interested in condos in general, PN Hoffman's project specifically. Are y'all renters waiting for the chance to buy? Already here in the 'Hood and just wanting to relocate, or elsewhere and wanting a condo option in the neighborhood?
CJBabyDaddy says: (12/16/15 2:10 PM)
At PN Hoffman's SW projects (Vio & 525), they posted an online solicitation for potential buyers to express interest and leave email contact info several months in advance of a sales office open house.
Within a week of the open house, they blasted out an email announcement about the date/time and posted info about the building generally and specific types of units -- finishes, floor plans, etc.
At the open house, interested buyers could register for a sales appointment soon thereafter, at which they could select one of the limited pre-sale units to purchase, choose finishes, present a specified partial down payment and complete the down payment when they returned to sign a sales contract at a later date. At 525, the total required down payment was 5% and the number of sales appointments for which one could register at the open house was capped. I forget what the down payment formula was at Vio, but -- like the unit prices -- it was set high enough to quickly separate the wheat from this chaff, the real buyers from this mere dreamer, etc. After that, I think folks can call the sales office to try to make an appointment to pursue interest. There was talk of a second wave of Vio/525 pre-sales at the respective open houses, but I've not since tracked whether they have occurred or are being scheduled.
I've followed both projects closely to gather intelligence because my bride and I are hell-bent to move to the Navy Yard and have been sniffing out and marking Parcel O as "ours" for going on two years. If the Parcel O 2BR/2BA prices are right, we're prepared to sell our houses (Alexandria & Silver Spring) and do a reverse "Green Acres." Wow, did I just date myself.
Anyway, for your own safety, please stand behind us in line when the Parcel O sales office opens. At this point, if you meet anyone more interested in Parcel O than we are, be afraid of them. Be very afraid.
Section314 says: (12/16/15 2:32 PM)
And don't forget, many people had to camp out for days to purchase at the Capitol Quarter.
JD says: (12/16/15 2:35 PM)
(Beginning the countdown clock until a certain someone arrives to announce what number they were in line....)
202_cyclist says: (12/16/15 3:36 PM)
This is off-topic but DDOT has published an interactive map as part of their 'Vision Zero' campaign to eliminate pedestrian and cyclist fatalities. There are already several potential road hazards identified in the the Capitol Riverfront/Navy Yard area but if you are aware of any hazards (i.e. construction taking up the entire sidewalk forcing pedestrians to walk in the road) please add them to this map. link
BLT says: (12/16/15 6:34 PM)
@JD: I am an owner at Velocity and am considering selling my unit here and purchasing at the PNHoffman project. I am on the list and the sales associate has already contacted me letting me know they hope to have presales up and running by Spring. They don't currently have any information on floor plans or finishes available.
snakegriffin says: (12/16/15 7:20 PM)
We moved to MD from Navy Yard a few years ago for work, but hate it and we're ready to move back, seeing all the development that happened (all we had was Justin's and Harry's when we left). Would rather not throw money away in rent, so we want to buy. Given the demand I'm sensing, it's going to be a rush, but we're also nervous to commit to something pre-construction so we'll see, I guess.
dude says: (12/16/15 7:24 PM)
I'm happy to hear that some people want to live in condos as I worried these buildings wouldn't get full.
conngs0 says: (12/16/15 8:42 PM)
Dude, I don't think you have to worry about that in this neighborhood. If my recollection is correct, the build-out only just reached fifty percent last summer. We can quibble with / debate about certain aspects of the neighborhood (designs of some buildings, what was the point of dealing the inevitable csx tunnel expansion?, what is the 11th street bridge going to do?), but the area is pretty well conceived overall. I expect quite a few peoples to be interested in condos. And all of that added residential potential, is only going to feed the restaurants and retail that are already in place.
JD says: (12/16/15 8:50 PM)
It's the question I've been asked more than any other in the past five years: When are there going to be condos available?
revpar35 says: (12/17/15 8:03 AM)
I went into contract in October of 2005 for my 1BR unit in Capitol Hill Tower when it was still steel and concrete. Moved in September, 2006 when the building was complete. My GF and I are interested in buying a 2BR/2BA at this new PN Hoffman condo building in the Yards.
JHUGrad says: (12/17/15 9:47 AM)
I think if Van Ness Elementary School becomes a viable option for families in the area to send their children, you'll see more and more families that are interested buying condos in the Capitol Riverfront.
JD says: (12/17/15 10:41 AM)
A post on this to come, well, eventually :-), but I just called and confirmed that the Hampton Inn is open. Sounds like they are still running around a bit, getting the check in/reservation system going, but the very nice man who answered the phone said that they are getting lots and lots of calls, especially he said because they are "pet friendly," which most hotels in DC aren't.
JHUGrad says: (12/17/15 10:51 AM)
The Capitol Riverfront BID should be working with these new developments to use the term "Capitol Riverfront" when describing the area. Hampton Inn's site says "Hampton Inn - Navy Yard".
CHTexpat says: (12/17/15 11:35 AM)
Sounds like the Hampton Inn groks what the majority prefer...
JES says: (12/17/15 12:02 PM)
Yeah, while Velocity took forever to sell out, that was back when we had zero bars/restaurants, and canal and yards parks weren't even done yet. Future condo developments are going to have no problem at all selling their units around here.
202_cyclist says: (12/17/15 12:07 PM)
Regarding the Hampton Inn, this has been discussed before but their choice of brick looks awful. The building looks like it is from 1970s-era Twin Falls, Idaho.
JD says: (12/17/15 12:08 PM)
Velocity was also trying to sell its units right as the economy collapsed, and easy mortgage loans dissolved.
Ampersand says: (12/17/15 1:36 PM)
I've poked around the DC condo market, but I refuse to live NW and the places along the H St corridor were too pricey for me. (And for others, it sounds like, since for a couple of the buildings I looked at the remaining unit prices keep going down.) If I still have my current job in a couple of years, I'd love to buy into this neighborhoot, but that's kind of a big if...
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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
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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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Recent Issued Building Permits
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1300 4TH ST SE 1001
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02/22/21
AP BOWER RETAIL LLC / null
E2104231 /
SUPPLEMENTAL
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1346 4TH ST SE APT 1M
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02/06/21
null / NA NA NA
EHOP21945129 /
HOME OCCUPATION
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1331 4TH ST SE R-2
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02/08/21
FC 1331 LLC / FC 1331 LLC
BP2101814 /
POST CARD
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10 I ST SE
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02/16/21
CAPITOL HILL RACQUET CLUB / NA; VICTORIA STEINHOFF
SB2100112 /
CONSTRUCTION
Installation of up to six (6) 3-inch diameter direct-push Geoprobe borings to depths of up to 30 feet below grade as part of an environmental assessment.
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555 L ST SE
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01/29/21
UNITED STATES OF AMERICA / RENNE WELL; RICK HARLAN SCHNEIDER
B2102004 /
CONSTRUCTION
DGS PROJECT REHABILITATION+RESTORATION OF THE HISTORIC LINCOIN FIELDHOUSE
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861 NEW JERSEY AVE SE 20003
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02/23/21
809-853 NEW JERSEY AVE ACQUISITION LLC / SUSANA VAZQUEZ
AH2100728 /
CONSTRUCTION
Dismantling of tower crane.
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809 NEW JERSEY AVE SE
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02/11/21
GREYSTAR GP LLC 809-853 NEW JERSEY AVENUE ACQUISITION LLC / null
E2103926 /
SUPPLEMENTAL
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853 NEW JERSEY AVE SE
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02/11/21
GREYSTAR GP LLC / null
E2103924 /
SUPPLEMENTAL
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861 NEW JERSEY AVE SE
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02/05/21
GS CSX HOTEL OWNER LLC / null
E2103762 /
SUPPLEMENTAL
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1275 NEW JERSEY AVE SE
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02/02/21
FC 1275 NJ LLC / null
E2103662 /
SUPPLEMENTAL
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02/11/21
FC 1275 NJ LLC / null
P2103445 /
SUPPLEMENTAL
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848 SOUTH CAPITOL ST SE
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02/16/21
CXS TRANSPORTATION INC / VICTORIA STEINHOFF; TBD
SB2100111 /
CONSTRUCTION
Installation of up to six (6) 3-inch diameter direct-push Geoprobe borings to depths of up to 30 feet below grade as part of an environmental assessment.
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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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