From today's print edition of the Washington Business Journal: "CNN and a couple of law firms are sampling the wares in Southeast DC by taking tours of new office buildings cropping up around the new baseball stadium. No leases have been signed yet, but the buzz of these high-profile tenants looking at Southeast as an option is quite a victory for a neighborhood formerly known as an industrial zone crawling with seediness and crime. [...] Also, rents in Southeast are expected to be around $40 per square foot for full service, $20 to $30 cheaper than new or renovated buildings in the Central Business District." Of course, right now, "tours of new office buildings" means 20 M Street, the only new office building currently completed and with plenty of space to lease. But by 2009 there will also be 100 M, 55 M, and probably 250 M and 1111 New Jersey. And maybe a couple more, depending on what happens within the next few months at Square 699N, Square 697 (Nation), and the Willco site at 83 M. (The article fudges a bit by mentioning 1.8 million square feet of office space was under construction in Near Southeast back in December, but, well, 1.35 million of that was the DOT HQ.) UPDATE: Added the link to the story, since WBJ was nice enough to bring it out from behind the pay wall.

Goings on about town.... Earlier this week the construction crane arrived at the Onyx on First/100 M Street construction site, signaling the beginning of the end of the digging-down phase and the start of the building-up phase. (Though these two projects are being developed by different companies, they are being built concurrently--that's synergy, and cost savings!) Two blocks over, a big sign has gone up at 2nd and M advertising Washington Canal Park--the graphic on the sign is the same one I found a few weeks back in the Capitol Riverfront BID executive summary. And, today, fences have been erected around Square 699N, the entire block bounded by Half, K, L, and 1st, the former home to Wet/Edge and various other small businesses. Permits appear to be in place for demolition and excavation, so with the fences up I'd expect something to start happening soon--now if only the Cohen Companies would tell us WHAT! You can see a few new shots on my Square 699N and Canal Park pages, or here in the Photo Archive all at once. UPDATE: I should add that, back in September 2005 when Ron Cohen purchased Square 699N, it was reported that the block would be developed with 650 condos, a hotel with condos, a stand-alone 250,000 sq ft office building, and retail. But there's been little reporting since on his plans.