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The city council's Committee on Finance and Revenue held a hearing last Thursday (Nov. 12) on B18-475, the "Arthur Capper/Carrollsburg Public Revenue Bonds Amendment Act of 2009," which has been introduced to allow the CFO's office to issue $32 million in city-backed bonds to help fund "phase 3" infrastructure improvements at Capper/Carrollsburg. This would be in addition to the $9.5 million in stimulus money that DCHA was awarded by HUD that will allow the phase 2 townhouses at Capitol Quarter to go forward, possibly by the third quarter of 2010 if current financing negotiations with EYA go smoothly.
Catching up from last week.... On Monday (Nov. 9), the Zoning Commission voted 5-0 to approve Florida Rock Properties' request for a two-year time extension on the 2008 zoning order for its RiverFront project at First and Potomac, across from Nationals Park. Citing the current Economic Difficulties, the developers requested the extension so that their deadline for securing building permits for the project's first phase (an office building on the east side of the site, near Diamond Teague Park) is now mid-2012, with a construction start date deadline of mid-2013. My RiverFront page gives all sorts of additional details on the project, if you need a refresher.|
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This morning the mayor announced the city's plans for the old Washington Star/Post plant at 225 Virginia (I would have gone, but didn't hear about it until after it happened). He confirmed that three city agencies will be moving in--Child and Family Services, Office of the Chief Technology Officer, and the DC Commission on the Arts and Humanities. And, according to the press release, the building will include a ground floor public art gallery showcasing DCAH's "vast art collection."|
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Last night DDOT held the first of its eight public meetings to unveil its vision for a 37-mile-long network of streetcar lines connecting various portions of DC in three phases, the first of which would include a line running from MLK Avenue in Anacostia across the 11th Street Bridge, eastward on M Street SE, and then terminating |
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From WBJ, the news that government contractor Sayres and Associates has signed a seven-year deal to lease 20,000 square feet at 55 M Street, Monument Realty's office building on top of the Navy Yard Metro station at Half and M. Sayres currently is at Maritime Plaza, and is expected to move into 55 M in April of next year. This is the first tenant for 55 M; with the Bureau of Land Management moving in across the street at Lerner's 20 M next year, all of the office buildings in Near Southeast completed since 2007 will have lease deals (100 M was nearly 40 percent leased when it opened at the end of 2008).|
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The agenda for Monday's ANC 6D meeting has been posted, with two Near Southeast items listed. The first is that the developers of the RiverFront (aka Florida Rock) site between the Anacostia and the ballpark are apparently filing for a time extension on their zoning PUD ("planned unit development," for those of you mercifully unaware). When the zoning approval for this project finally came through in 2008 (after years of slogging through the process), the developers were given until May of 2010 to apply for building permits for the first phase of the project (an office building on the east end of the site, near Diamond Teague Park), with construction then required to start by May 2011. So, although it was recently reported that Florida Rock Properties is looking for an equity partner to help finance the development of the site, they clearly believe that it will be tough for them to meet the zoning order timeline.|
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