About five readers in the past week have submitted the same question: What's the Deal With Capitol Quarter
? And it's hard not to be wondering that, as one of the first announced projects to revitalize Near Southeast still hasn't seen the start of construction, with a number of target dates having slipped past. (You can read my WTDW Capitol Quarter
from December to see the last update.)
EYA told me this week that they're now looking at June or July as when the first townhomes will get underway, a little past the "Spring" start date that was projected a few months ago. As for the "why", I've mentioned before that we shouldn't really be surprised when companies working on projects worth hundreds of millions of dollars aren't spilling their guts to a pesky neighborhood blogger about the reasons for bad news, so I have no answer. But perhaps the new 2008 reality of a much tougher real estate market and the "credit crunch" are playing a part?
This isn't to say that nothing's happening at Capitol Quarter, since work at the site has been chugging along for the past few months. The first phase of public infrastructure improvements, which has been the cause of all the ripping up of Fourth, Fifth, I, K, and L streets, is all but finished (except for some last work along L Street). And work has started on installing "private infrastructure"--the wet and dry utility lines for the new houses--which will be followed by preparing the lots for vertical construction. But of course none of this is terribly flashy work, and until the townhouses start popping up, it's easy to feel like nothing's happening.
It's still anticipated that all the Phase I townhouses will be completed by the end of 2010.
If you want to get caught up on previous WTDW... entries, here they are
. To submit a WTDW question of your own, drop me a line
, keeping in mind that I don't always get to these right away.
No need to further inundate me with WTDW Canal Park
questions. Many people (including me) are way ahead of you. Rumors are flying, and I'm trying to get some answers, so I'll post as soon as I have something.