* 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.

* And, if you saw a boat full of partying real estate professionals cruising up the Anacostia on Tuesday, it was the Urban Land Institute Washington's annual boat tour, which took the Odyssey from the Southwest Waterfront up to the Yards and then back toward Rosslyn and Georgetown.

* The news of the day gave the Republicans some trouble in the bullpen at last night's Congressional Baseball Game at Nationals Park. And the GOP's woes in Washington continued, with the Democrats winning the game for the first time in eight years, 15-10.

* I forgot to post this last week: M.L. Clark Real Estate, which negotiated the deal for the city to sublet 225 Virginia Avenue, is going out of business, says WBJ, with its two brokers moving to Cassidy & Pinkard.

* A reminder that this Saturday from 11 am to 3 pm is the Third Annual Ward 6 Family Day.

If you haven't been back to Nationals Park or the surrounding Near Capitol Ballpark River Yards neighborhood since last year's Opening Day, here's what you'll see that wasn't completed on your last visit:

* 55 M Street - Right on top of the west entrance of the Navy Yard Metro station, at the head of Half Street, is Monument Realty's 275,000-sq-ft office building, which has been finished in the last few months and which will be home to Artomatic this summer. No office or retail tenants have been announced, although WBJ reported a few weeks back that Gordon Biersch may be eyeing some of 55 M's ground-floor space. The rest of Monument's Half Street site remains a large hole in the ground, with financing for the planned 350 residential units and adjoining hotel directly across from the ballpark nowhere to be found.

As for what's currently underway, there's the first phase of townhouses at Capitol Quarter (where the first residents will move in this month and where work will continue into next year), the 200-unit Velocity condo building at First and L, and the 440,000-sq-ft office building at 1015 Half Street (which will be completed in 2010 but will already be cursed for obscuring the view of the Capitol dome from some seats in the ballpark that had it last year). There's also construction continuing at Diamond Teague Park, right across from the ballpark's grand staircase, but the somewhat optimistic timeline of having the water taxi piers completed by Opening Day has now been revised to "midseason."

Work had begun on rehabbing the brown-and-white Pattern/Joiner Shop at the Yards last year (which folks walking to the ballpark from the Nats Express drop-off will see), but financing problems brought the work to a halt early in 2009, and Forest City continues to look for money to restart the project.

The most prominent structure that's disappeared in the past 12 months is the former WMATA bus garage on Half Street just across from the subway entrance, demolished two weeks ago to make way for Akridge's planned 700,000-sq-ft mixed-use development, though that project won't get underway before 2010. (The south end of Akridge's Half Street land is where the [not-a-]beer garden may appear later this summer.)

But, as has been written about extensively elsewhere, as of now there's no new places to eat since last year (though a deli is coming to Third and K in May), and most likely no additional projects will get underway before next year.

So, study this little guide and amaze your friends with your knowledge of what's what as you look at the ballpark's surroundings.

A chunk of that change is coming from the first official assessment of Nationals Park, valued at $999,982,800 (geez, Mr. Tax Assessor, just round it to $1 billion and be done with it), a rise of nearly $650 million from the assessed value of just the land last year. Blocks that saw projects get completed in 2008 (70/100 I, 100 M and Onyx, and 55 M) got hefty bumps in their valuations, while other spots (20 M, the Capper blocks, USDOT, Maritime Plaza) saw their assessments go down.

I created a report comparing 2008 and 2009's numbers overall and by block, though I wouldn't swear to the exactness of each number down to the penny (but they're probably close enough).

As for the trend of the overall valuation of Near Southeast over the past nine years, it's still *up*:

2001: $221,096,652

2002: $428,312,487

2003: $640,209,280

2004: $771,006,345

2005: $894,123,520

2006: $1,781,481,650

2007: $2,539,618,280

2008: $4,467,137,880

2009: $6,004,334,490

UPDATE: Here's a link to a map of the square numbers, in case a bit more visual assistance would be helpful.

As for retail, SunTrust is still planning to open a branch there (perhaps as early as this spring, but nothing's confirmed), and Opus continues to look for a restaurant (or restaurants) to fill the remaining 8,500-sq-ft of ground-floor retail space.

* It's confirmed that Artomatic will be held in Near Southeast in May and June of 2009.

* The opening date for Diamond Teague Park continues to be set at March of '09. However, the BID's executive director said that Canal Park would be coming "in late 2010."

* The Capitol Riverfront area (which is a bit larger than my Near Southeast domain, since it also includes Buzzard Point) now has 1,100 residents.

Hopefully they'll be posting the spiffy Annual Report online, since it gives a lot of detail about development in the Capitol Riverfront area and the work that the BID does to promote and "brand" the neighborhood. (Though JDLand readers will be familiar with most of it already.) Best stat? The BID's Clean and Safe team members collected 3,600 bags of trash this year.

The keynote address was given by Greg Leisch of Delta Associates, and provided a flurry of statistics about the residential and commercial office space markets in DC compared to the rest of the country (in short: It Could Be Worse). Leisch said that he felt that the Capitol Riverfront area is well-positioned to benefit from the recovery that's expected to begin in late 2009/early 2010, in much the same way that the East End did after the 1990-91 recession and the Capitol Hill submarket did after the 2001-2002 recession. He also said that only about 1,600 new condos will have been sold across the Metro area in 2008. Ouch. You can see some of the stats from this presentation on the Delta web site.

UPDATE: From the BID, here's the Annual Report, and Greg Leisch's presentation.

Meanwhile, Parsons's transportation unit moves in January 1, occupying the top four floors (30 percent of the building's total square footage). Another 7,400 square feet has been leased by federal contractor Orbis Inc., and WBJ says that "Opus also has signed letters of intent with three more small tenants and has concluded final negotiations with them[...]. Those three leases will absorb an additional 20,000 square feet in the 240,000-square-foot building." SunTrust Bank is also still planning to occupy 3,600-sq-ft of ground-floor retail space.

That said, I should have some interesting items in the next few days, including hopefully an update about everyone's favorite What's the Deal With....? subject. And of course I'll have photo updates every few weeks, especially since it's expected that framing of the first Capitol Quarter townhouses will get underway by early August. But beyond that, expect the pace around here to be more leisurely during the dog days. As it should be!

* Construction is really about to begin on the first townhouses at Capitol Quarter, now that financing has been closed for the public housing units;

* The first phase of the waterfront park at The Yards got the thumbs up from the Zoning Commission, and is expected to be completed by summer 2009;

* Onyx on First will be opening its first five floors of apartments in late July or early August, and initial rents have been announced;

* 100 M will be substantially completed in November, and tenants should start moving into the office building early in 2009. SunTrust Bank is the first retail tenant, and the developer is looking for restaurants for the other spaces;

* The planned office building at 250 M got Zoning Commission approval for a modification to its design; and

* Street vendors will start popping up for ballgames north of M Street on Tuesday (June 3). You can see the map of where they'll be.