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Biersch Gearing Up; Photos (Of Course)
Mar 28, 2013 2:00 PM
I was lucky enough to get invited one of the dry runs that Gordon Biersch is holding over the next few days to prepare the staff for their April 1 opening (because, with 40,000 Nats fans descending on the neighborhood, Biersch might get a bit of business). And they allowed me to take a pile of photos
. I'll include the money shot here:
There's one more day of test seatings on Friday, and then a VIP reception on Saturday.
It's a pretty dang big space. Definitely a completely new experience in the neighborhood!
Gordon Biersch Planning Opening Day Opening
Feb 28, 2013 9:59 PM
The Post's Going Out Guide is reporting
that the Gordon Biersch
at 1st and M is planning for an April 1 opening, which just happens to be the Nationals' 2013 Opening Day as well.
GoG says the restaurant will open at 11 am seven days a week, with happy hour from 3 to 6:30 p.m. Monday through Friday. The bar will stay open open until 2 a.m. Friday and Saturday, and midnight the rest of the week. (Food looks to be available until 10 pm Sunday-Monday, 11 pm Tuesday-Wednesday-Thursday, and midnight Friday-Saturday.)
The restaurant will have 226 seats inside, along with another 88 on the planned outdoor patio (they have applied for the required public space permit, but it's not approved yet). Might be a bit crowded on game days, but it will be interesting to see what kind of crowds it draws the rest of the time, especially from outside the neighborhood.
Retail, Restaurant, and Recreation News (New and Old)
Feb 11, 2013 11:40 AM
A hail of bullets on various retail, restaurant, and recreation-type items, some of which are relatively new, but some of which decidedly aren't:
* The boxing and fitness club DCBFIT
opened last week in the ground floor of Capitol Hill Tower
, at the corner of New Jersey and L SE. While their web site makes me tired and sore just looking at it, I'm sure there are plenty of folks who will find this offering intriguing.
* The Navy Yard portion of the Riverwalk
was supposed to reopen today--anyone give it a shot yet? And, if so, is there any actual trail once you go out the east gate? As I showed a couple of weeks ago, the old asphalt had been ripped up
as part of the 11th Street Bridges work, though of course it will be back at some point.
* Maybe now is finally a good time to mention the opening of petcare store Wagtime Too
at 900 M Street, where it has been for a number of weeks now, offering boarding, daycare, grooming and "cool stuff." And I actually have taken a photo of it
* Apparently the Quizno's at 8th and Potomac closed permanently back in December. And Chicken Tortilla at 8th and L was closed when I walked by a few weeks ago, though I don't know the story on that.
100 M, 900m
, Boilermaker Shops/Yards
, Canal Park
, Capitol Hill Tower
, The Yards
Sneaking a Quick Peek Inside the Gordon Biersch Space
Feb 2, 2013 5:33 PM
When wandering by the Gordon Biersch space earlier today, I managed to sneak a peek inside
The sign kind of says it all, right? "Early April" -- will they manage to make Opening Day?
Seems hard to believe this is actually coming. There is also a public space permit application in the window for unenclosed sidewalk seating, so you can look forward to dining al fresco at 1st and M while hordes of Nationals fans traipse past in the summer.
(I also added these photos, and a few others, to my 100 M page
, which I kind of hadn't really looked at since the building opened in 2008.)
WBJ: Gordon Biersch Confirmed for 100 M
Oct 31, 2012 6:01 PM
The Washington Business Journal confirms today
what I've been chasing and rumoring
for just over a year now, that brewery/restaurant Gordon Biersch is indeed coming to 100 M
, the office building on the northeast corner of 1st and M, SE
, one block north of Nationals Park.
No timetable was announced, but you'd think Opening Day 2013 would certainly be a goal. (Then again, we once thought
that Opening Day 2012 would be a goal.)
The building permit application I saw a few weeks ago
that I assumed was Biersch indicated the restaurant will have up to 236 seats indoors, and 94 outdoors.
Restaurant Permit Application at 100 M; Gordon Biersch, Finally?
Aug 31, 2012 10:38 AM
A building permit application has been filed with DCRA for an "interior alteration for new restaurant" at 100 M Street
, one block north of Nationals Park at the corner of 1st and M SE.
The application information as seen online doesn't give any specifics of the applicant, but I wouldn't be surprised that this is at last the signal that brewery/restaurant Gordon Biersch
is indeed coming to this corner ground-floor retail space in the 220,000-square-foot office building, as was first rumored last October
I know absolutely nothing more than this, and perhaps now the hounds will now be released to get something confirmed. But no matter what tenant ends up in there, a restaurant in that space will be most welcomed by residents and fans.
(I'm guessing a by-the-playoffs timeline might be a bit aggressive, though.)
UPDATE: Meant to include that the application mentions 236 seats indoors, and 94 outdoors. And remember, this is still just an application, it's not approved yet.
100 M Office Building Up for Sale
Mar 2, 2012 10:48 AM
I'm hearing that 100 M Street
, the 220,000-square-foot office building on the northeast corner of 1st and M, is up for sale. This is the building that was completed in late 2008 by Opus East, then spent some time in limbo
during Opus's Chapter 7 liquidation. It was picked up in foreclosure for $57 million
in fall 2010 by Northwood Investors
I know little about this other than the fact it's on the market and being marketed by CBRE, so I don't know if this is a sale of just the building, like last time, given that the land is owned separately
Anticipating the next question, there's been no news lately of a deal to rent the corner retail space, despite rumors
last year that restaurant/brewery Gordon Biersch was interested.
Gordon Biersch to 100 M? and BID Surveys/Planting Day
Oct 20, 2011 8:19 PM
My post on Wednesday about the rumors of a not-quite-yet-signed tenant
for the ground-floor restaurant space at 100 M Street SE
shook loose quite a few mouths, and it is unanimous amongst those gabbers that the newcomer in negotiations is Gordon Biersch
, the brewery/restaurant that already has a location at 9th and F Streets NW
, not too far from the Verizon Center. With 100 M being within sight of Nationals Park
, it would seem a plausible destination, assuming the final papers get signed (which does not appear to be imminent). It'll be interesting to see their timeline, especially vis-a-vis the baseball season (getting it done by Opening Day, 5 1/2 months from now, would seem to be a bit optimistic, I think?).
On a 100 percent unrelated note (I really do hate teeny tiny posts, so felt the need to combine these), the Capitol Riverfront BID's latest newsletter
is out, and they're asking for respondents for their annual "online perception surveys" for both the BID itself
and for the Yards Park
But don't you dare click on either of those survey links if you haven't yet filled out my readership survey
--my feelings will be terribly hurt! (Argh! I'm snakebitten with the dang survey. This link was a bad one until about 9 am on Friday. Sorry! Please try again!)
The BID also is co-hosting a Community Planting Day
on Saturday, Oct. 29, from 9 am to noon, along with the US Green Building Council National Capital Region. They're going to plant thousands of daffodil bulbs throughout the neighborhood.
The rest of the newsletter is here
Rumors of A Pending Tenant for 100 M Restaurant Space
Oct 19, 2011 6:30 PM
Word is starting to bounce around that a tenant is close to being signed for the prime restaurant space in the ground floor of 100 M Street SE
, on the northeast corner of 1st and M, one block north of Nationals Park
As to who the tenant may be, I don't have confirmation, but rumors are mentioning a "semi-chain type place." (I'm trying to find out more, but since recent surveys
indicate that 93 percent of all JDLand readers are interested in retail/restaurant news, I'm just going to go with what I've got.)
The location is advertised
as 8,500 square feet, and I don't know if this rumored lease is for the entire space (though I imagine it is). One way or another, it will probably be a level of food and dining experience that's a step up from the last eating establishment on that corner, the old On Luck Cafeteria
that was demolished five years ago.
I hope it goes without saying that as soon as I know more, I'll pass it along. And please remember that this is all still rumor territory, so until there's an official announcement, don't be skipping meals waiting for the new offering to arrive.
UPDATE: The rumor mill is strong that the not-yet-signed tenant is Gordon Biersch. But there's no official confirmation of that. But I've heard it from enough different places since yesterday to pass it along.
11th Street Bridges Status Update; Other Catching Up
Nov 1, 2010 9:52 AM
I'm now back after a week wandering the Midwest again, this time spending a few days in Chicago and then going up to Milwaukee, where touring time was cut short thanks to that epic windstorm (but at least I got to see the Historic Third Ward
and the Milwaukee Public Market
). Lots of photos of streetscapes and buildings are here
, if you feel like looking at some non-Near Southeast images for a change.
To catch up....
* Dr. Gridlock gave an update
on the progress of the 11th Street Bridges
project, which is now more than 25 percent complete. A pretty showy part of the construction will be starting soon, "when steel girders arrive for the new bridge spans. They will be trucked out onto the old bridges and lowered onto barges in the river below." The story gives this timeline: in spring 2011, the new alignment of southbound 295 opens; in fall '11, the freeway bridges (the upstream ones) will open; in winter 2012/13 the local (downstream) bridge between Anacostia and Near Southeast will open, with the entire project expected to be completed in summer 2013. (If the alignments and uses of the new bridges aren't clear to you, check my 11th Street Bridges project page
for more detail.)
There's also some new lane restrictions
that started last week and will run through Nov. 23: the left lane of 11th Street SE from M to N is closed, and N Street SE between 11th and 12th is closed overnight Tuesdays through Fridays. There are other restrictions and closures as well on 295 and the SE Freeway.
* The Post's Capital Business weekly has more information
today on the foreclosure sale
of 100 M
, including this part that is probably of most interest to residents: "Although thousands of fans pour out of the Metro station nearby for baseball games, the Opus bankruptcy has prevented retailers -- other than a SunTrust bank branch -- from occupying ground-level storefronts. Michael Stevens, executive director of the Capitol Riverfront Business Improvement District, said he hoped that with new ownership, that would change. The retail broker for 100 M St., he said, 'has had some tenants that were interested in that property, but he couldn't sign any leases because it was in bankruptcy.' "
* It wasn't exactly a shocker that Greater Greater Washington endorsed
David Garber for ANC 6D07 commissioner. Along the same lines, there's a good piece by Housing Complex
this morning on the dysfunctional aspects of the ANCs, with some ideas on how to fix them. Having been tortured by sitting through many ANC meetings for more than five years now, I can certainly vouch for a lot of the issues mentioned. Perhaps there needs to be a Rally to Restore ANC Sanity.
* If you've wanted to know about Ann of Ann's Beauty Supply and Wigs Co. at 125 L St., SE, People's District recently profiled her
. (Except I think they either mistranscribed the date of her shop opening, or this interview was done when her store was still in the old Waterside Mall in Southwest, because her store opened on L Street SE in 2005, not 1995.)
* American River Taxi
, which is working to begin boat service between Georgetown, the Southwest Waterfront, and Diamond Teague Park, is hiring deckhands
. No word on when they'll get underway.
* Work has started in the ground floor of 909 New Jersey for the new Harry's Wine and Spirits. Alas, their timeline for opening has slipped (as all construction timelines do), and the owners now have their fingers crossed that they will be open by Christmas.
100 M Bought for $57 Million in Foreclosure Sale
Oct 28, 2010 7:03 PM
I wasn't able to attend* today's foreclosure sale of 100 M Street
, but word filtered to me early this afternoon that the 220,000-square-foot office building was picked up for a cool $57 million by Northwood Investors
, a real estate investment management firm based in New York City. I've been told (and I'm trying to confirm) that Northwood had bought the original loan/note from Bank of America, and then had the high bid today against one other bidder, whose identity I don't know.
This appears to be Northwood's first foray into the DC market, and the rumor is that they plan to hold 100 M and get it leased up. Perhaps the DC biz media will have more on this sale in coming days....
As I wrote about previously
, this sale was for the building itself and not the land, since 100 M's developers (Opus East) never bought the land and instead paid rent to the owners. You can read more about the building's history here
; it opened in late 2008 and is currently about 43 percent leased.
[*My exile from blogging is coming to an end soon, I promise--though there really hasn't been much going on this week that I feel like I've missed completely, since I have managed to tweet
from time to time.]
Some More Details on the 100 M Foreclosure
Oct 4, 2010 6:52 AM
While normal people have spent their weekend recreating and taking it easy, I've been trying to find out more about the just-announced foreclosure sale
of 100 M
, the 220,000-square-foot office building that has been tied up in Opus East's Chapter 7 liquidation
My big question was about why this is being billed as a sale of a "60-Year Leasehold Interest," and what I've found out is that Opus never owned the land, but instead had entered into a lease with and paid rent to the landowners. (Who are the people behind "Square 743 Inc"? I'd love for someone to tell me
!) When Opus's operations went south, their lender (Bank of America) stopped funding the construction loan, so contractors stopped being paid, liens were filed, bankruptcy case got ugly, etc. etc.; basically, it's been a mess.
BoA is now washing its hands of it all, and is looking to get back some amount of the $58 million currently owed on the construction loan. (The land ownership is not being foreclosed on.) I've heard that BoA contracted with CB Richard Ellis earlier this year to sell the loan, and there's speculation that BoA may have a deal with an investor already, even though the Notice of Foreclosure Sale still lists BoA as the holder of the note. This would be similar to the way JPI's empty lot at 23 I Street
changed hands a year ago
, with SunTrust Bank selling the note to Ruben Companies, who then instituted foreclosure proceedings and took ownership of the property when no bidders came forward.
However, while the word "foreclosure" usually conjures up feelings of doom and gloom, for 100 M this should be a step up from Opus's liquidation. Instead of continuing to be tied up with companies and lenders and courts who have no interest or wherewithal to spend the money needed to clean up the mess and to market and lease the building's office and retail spaces, there may now be at least one investor--and maybe others, if the foreclosure sale brings bidders--who feels that the building is worth taking a gamble on now for a return on investment later. (Though it's worth noting that there is not a similar feeling of optimism about any new office projects in the area any time soon, with on-spec construction still completely DOA.)
We shall see how it all shakes out.
The auction is scheduled for Oct. 28 at noon
, so this building can be yours for a mere $5 million deposit and an all-cash winning bid. It's currently 43 percent leased.
100 M Street SE Headed for the Auction Block
Oct 1, 2010 5:30 PM
[Great--big news at 5 pm on Friday. Hope somebody actually reads this] On Sept. 21, a notice of foreclosure sale was filed for 100 M Street SE
, the 220,000-square-foot office building built by Opus East and completed in late 2008. A few months later, Opus became the biggest Near Southeast casualty of the recession, filing for Chapter 7 liquidation
and leaving their 440,000-square-foot office project at 1015 Half St.
unfinished. While 1015 Half was soon picked up by the Douglas Wilson Companies and is now being completed, 100 M has remained at sea, despite a rumor
a year ago (quickly shot down
) that Mayfield Gentry was buying it for $80 million.
The 100 M auction is scheduled for Oct. 28 at noon
; I admit to being pretty clueless on foreclosures and auctions and CRE minutiae, so I don't know if the fact that it is technically an auction of a "60-Year Leasehold Interest" in the building has any significance to us lay folks. I imagine the business press will have more on this story.
According to the auctioneers, 100 M is currently 43 percent leased.
(And, by the way, the blue sky in the above image is not faked. I've never ever seen as electric blue a sky as I did the morning I took that photo.)
[hat tip to reader J]
Construction Starting Again at 1015 Half
Oct 3, 2009 11:47 AM
I'm hearing that the Douglas Wilson Companies
--a San Diego developer specializing in "distressed properties and crisis management" that was appointed in late July as receiver for both 1015 Half Street
and 100 M
--is getting construction moving again at 1015 Half (along with "aggressively" marketing and leasing of the building). Also, a "disposition strategy" for 100 M is expected to be in place later this month. This appears to be Wilson's first foray into the DC market, though the company also has branches in Atlanta, Las Vegas, Miami, Orlando, and San Francisco. This San Diego Business Journal profile
of Wilson and his company gives a bit more info not only on the organization but on the role of a receiver in dealing with distressed properties. The two buildings hit the skids when Opus East collapsed and liquidated.
Foreclosure Notices for JPI's 23 I Street Lots, and Nine Potomac Ave./9th St. Parcels Owned by ICP
Sep 22, 2009 10:28 AM
On Sept. 10 a Notice of Foreclosure Sale was filed for the two now-vacant parcels of land on the southwest corner of Half and I streets where the Wendy's used to stand. (Note that this doesn't include the adjoining Exxon land.) The lots, totalling about 47,000 square feet, were bought in July of 2007 by JPI for $28.6 million, with the intent of building 23 I Street
, the fourth of JPI's "Capitol Yards" residential buildings (along with 70/100 I
and 909 New Jersey
). JPI owes $25.1 million on the loan, which came due on Aug. 1 and which is held by Ruben Companies
, owners of 1100 South Capitol Street
and 1101 across the street. The foreclosure sale is scheduled for Oct. 13.
JPI East pretty much fell apart over the past two years, with its principals taking what was left and forming a new company in June
with bigwigs at Akridge; stories at the time mentioned their continued stake in 70/100/909, but said nothing about 23 I.
Another, smaller commercial foreclosure is happening further east, where nine parcels owned by ICP Partners along Potomac Avenue between Eighth and Ninth
(including the brown boarded-up apartment building at Ninth and its parking lot) received a notice of foreclosure on Sept. 4, with a debt of $2.3 million on the properties. ICP tried hard earlier this year to drum up interest in these lots
plus the gray building at Eighth and Potomac that houses Quiznos (which is not
part of this foreclosure), after a previous sale attempt in 2008 went nowhere. ICP paid $9 million for all 10 properties in 2006; this foreclosure sale is scheduled for Oct. 6. (The properties are also on the city's September Tax Sale list
Whether the properties will actually go on the block, or if deals will be struck or lawsuits filed in advance of the sale dates, remains to be seen, but foreclosures are about to be a big part of the commercial real estate landscape throughout the US. (Spend a few days reading Calculated Risk
if you want some insights into the predicted onslaught.)
As for the neighborhood's other "distressed" properties, Opus East's 100 M
and 1015 Half
office buildings are part of the company's liquidation proceedings, with rumors flying
but no news of new owners yet. And the empty lot in the 1000 block of Seventh Street (across from the Marines
), where a developer had been planning an apartment building
, was sold in late July for $400,000 after a foreclosure; it had been purchased along with the two townhouses alongside it for $1.25 million in 2004. One townhouse was subsequently sold, the other was foreclosed on as well, though so far no evidence of a sale has turned up.
WBJ Shoots Down 100 M Sale Rumor
Sep 3, 2009 9:33 PM
WBJ's Breaking Ground blog
reports tonight that the GlobeSt.com story I posted yesterday
about Opus's 100 M
office building being under contract to MayfieldGentry is "false information." They quote a "source close to the deal" as saying "The building is not under contract with anyone -- it's in bankruptcy court. There is no offer on it." Who will be right?
100 M Under Contract?; Rent the Ballpark; Monument Half Street Update
Sep 1, 2009 11:00 AM
says that the 100 M Street
office building built by Opus East--and now owned by its bank after Opus went into Chapter 7 liquidation--is under contract to be sold for $80 million to Mayfield Gentry. Gentry has been pursuing the purchase since late last year
. GlobeSt: "If events play out as expected, 100 M St., SE will fit nicely into the story line emerging for the District's real estate community: namely, that buildings in the city limits are still holding their value and attracting investor interest--so much so that the growing levels of distressed real estate are not likely to impact the District to any great degree."
And two quick links that I Tweeted
on Friday but forgot to post here (oops):
* Want to rent out the ballpark
or a portion thereof for a shindig? The NationalsEvents.com
web site is now launched, with details on packages, rates, and more. (I needed this when I was trying to put together my high school reunion last year.)
* WBJ's Breaking Ground blog posted on the status
of Monument's Half Street
project, talking about "the hole" ("'The hole. Yes, the hole,' sighed Russell Hines") and the 55 M office building completed earlier this year which "is still empty but has experienced 'a distinct change in the level of activity' over the past two months, with a few seriously interested tenants." They're looking for ways to find financing to start construction on the residential and hotel portion on the south end of the block, but aren't finding any outlets yet; but because the site is owned outright between the equity partners (Monument, the shell of Lehman Brothers, and MacFarlane Partners), "no construction lender or mortgage holder is going to demand the keys" to the site.
Opus East Files for Chapter 7 Liquidation
Jul 1, 2009 6:55 PM
Opus East, the development company whose portfolio includes the already completed 100 M
and under construction 1015 Half
office buildings, filed on Wednesday for Chapter 7 liquidation, according to the Washington Business Journal
. The article mentions the falling through of Opus's deal to sell 100 M to MayfieldGentry Realty Advisors earlier this year as part of the company's woes, and the building is part of the bankruptcy filing and liquidation. The 1015 Half Street
project, expected to finish late this year or early next year, is presumably part of it as well. No tenants for the 440,000-sq-ft office building have been announced.
Tough Times for Opus East and Monument Realty
Jun 19, 2009 9:05 AM
Two pieces from today's Washington Business Journal, both for subscribers only, tell of difficulties for two of Near Southeast's developers:
* Opus East
, which birthed 100 M
and the under construction 1015 Half
, is "teetering on the verge of bankruptcy
" because the "U.S. General Services Administration has refused to pay the developer for 'even one penny' of the more than $35 million the company has invested in erecting a new federal building in College Park." Its parent company, Opus Corp., is exploring bankruptcy or restructuring for Opus East and Opus West--two other Opus companies went into Chapter 11 this spring. The article also says that Opus East's deal with MayfieldGentry Realty Advisors of Detroit to buy 100 M fell through in May; but 1015 Half is, for now, "continuing in full swing."
* And Monument Realty
is having trouble
, though not on Half Street
--"At the end of May, at least three contractors filed suit in D.C. Superior Court to enforce more than $1.3 million in mechanic's liens the contractors filed against the last of three condominium buildings Monument is building at Potomac Place Tower near the Southwest waterfront. [...] At least one of the contractors is asking the court for a forced sale, if necessary, to collect amounts due."
Dreary Thursday Links Roundup
Jun 18, 2009 9:42 AM
* The news about perhaps paying for the convention center by taking money from various in-the-pipeline projects around the city has generated a lot of comment, not only here
but in the form of a letter from Monty Hoffman
of PN Hoffman to Chairman Gray in which he said that moving funds away from the planned redevelopment of the Southwest Waterfront "would be a horrific business, legal, and community tragedy for the city." And SWDC Blog is reporting this morning
that Kwame Brown says the list in the original WBJ article was of all tax-increment-financing plans approved by the City Council, which might be a wider list than just projects from which funds could be diverted.
* Roll Call has a piece
on the "slow-to-develop" Capitol Riverfront neighborhood: "Today, visitors to the stadium emerge from the Metro onto an almost empty street flanked by tall fences. Billions of dollars of real estate is planned for the area, but for now, it only offers a few half-empty buildings and the occasional fast-food restaurant." But there is this as well: "The buildings aren't all empty. BID estimates that about 1,600 people live in the area, leasing about half of the available apartments. Office buildings hold about 35,000 workers; Opus East, for example, has leased 50 percent of the units for its new building at 100 M St. SE
." (Full disclosure: I'm quoted a few times.)
* On the flip side, a just-released CBRE report
on the impact of the federal stimulus package on the DC and Baltimore region says: "The commercial real estate industry has begun to see an impact from the transportation-related stimulus activities. Government contractors are actively touring office buildings in the Capitol Riverfront submarket of Washington, DC, home to the headquarters of the U.S. Department of Transportation, for new growth related to stimulus-funded contracts. These tours are noteworthy as the submarket has seen limited interest over the first six months of the year as a result of the national and local economic recessions." We're also still waiting to hear
which federal agency might be about to lease 100,000-sq-ft of space at 20 M
, and whether Booz Allen Hamilton is taking 30,000 sq ft at 55 M
or elsewhere in the neighborhood.
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