The news has filtered my way that EYA is about to begin taking reservations for market-rate townhouses in the second phase of Capitol Quarter. The timeframe is *very soon*, quite possibly within the next week or so. This phase will cover the three remaining blocks of the development, between Third and Fourth streets SE, south of I down to the stretch just south of L (backing up to the 300 M Street office building). There will be infrastructure work to do first (including carving out the new north-south "3 1/2 Street" running between I and L), with "vertical construction" then starting in the fall, followed by the first move-ins happening in mid-2011. There will be 77 market-rate and 34 workforce-rate houses, 47 affordable rental units, and five Section 8 purchase units. (There will be a lottery for the workforce units, but I don't know when.)

With the opening of the 2010 season at the ballpark and lots of other interesting news of late, my blogging time and focus has been geared toward these bigger items. But there's a fair amount of little stuff that I point to every day on my Twitter feed (also available on Facebook), mainly news stories that might be of interest but that aren't really important or newsy enough to devote much more than 140 characters to. I may eventually transition to leaving those completely to Twitter, but I still feel guilty enough for now to round them up here on the blog every so often. But if you're wanting all news items at warp speed, best to start reading the Tweets.

* The Marines have posted the slides and handouts from this week's workshops on potential sites for their new barracks. If you didn't see my update, here's Norm Metzger's additional take on Tuesday night's meeting.

It's more than 100 pages of high finance and headache-inducing legalese, but nonetheless I've gotten my hands on the "Preliminary Official Statement" for what is expected to be a $29 million PILOT bond sale to fund a series of infrastructure improvements for future phases of the Capper/Carrollsburg redevelopment. (This is the document written for investors to help them decide whether or not to purchase the bonds.) If you want to know all about how these bonds are being structured (with monies from the Downtown TIF playing a part), this is the document for you. It also has some good background on the Capper project if you're just catching up.

I'm embarrassed to admit how long it's been since I've visited the roof perch along New Jersey Avenue to take new photos of the land down below, but I finally got back there on Friday and have eased my conscience (though I wish it had been sunnier), and you can see the results here.

It's assessment season again, and the Examiner reports that, citywide, commercial property assessments are down 10 percent, with residential numbers dropping between three and four percent. So I fired up the database I keep of the numbers for Near Southeast, added the new data as I do each year when the new numbers come out, and came up with a total assessed value for all properties of just under $5.9 billion, which is a 1.8 percent drop from the $6.01 billion tally reported in March of 2009.

NBC4's Tom Sherwood did a piece today on CSX's plans to expand the Virginia Avenue Tunnel, and he focused on a to-be owner of a Capitol Quarter townhouse on Virginia Avenue (in the block between Third and Fourth, where foundation pouring is currently underway). There wasn't any real news in the piece for people who've been following the story recently, but it does highlight that that one block could really become a problem for CSX, and is perhaps an issue that no one had given much thought to. (But, in their defense, it's not like there was a five-year window when Virginia Avenue was completely deserted. Oh, wait....) I also wonder how the city agencies that will be new tenants at 225 Virginia will handle the impact of three years of construction outside their front door.