Wednesday's Post reports
that apartment developer JPI
has contracts for two deals in Near Southeast. Later this month they will close on a two-acre site on the north side of I Street (I believe between
1st and New Jersey
, although the article is indicating further west on I), with hopes to begin construction next summer on a 700-unit residential project. Just south of that lot, at First and I, JPI is buying the property that currently houses the Nexus Gold Club
(a "gentlemen's club"). Their plans for that block aren't yet firm (because they are still trying to buy some of the neighboring parcels), but more residential space would be a good bet. That transaction won't close until late 2006, to give the Nexus time to find a new location. UPDATE
: The article was wrong about the location of the two-acre site, but I was wrong, too--it's at 70 I Street, which is between Half and First streets.