GlobeSt.com has a piece (free for seven days) on Opus East's purchase of the Nation site at
1015 Half Street--not really anything new from what
I posted on Monday (441,000 sq ft, construction starting in October, $41.5 million price tag) except that the developers will apply for
LEED Silver certification on the project (i.e., it'll be a "green" building). But mainly I'm using this new article as a hook to mention that Opus has put its
100 M Street building on the market as part of a three-building Class A office building portfolio (see Grubb and Ellis's listings
here, which include this portfolio.) From what I understand, Opus would stay on as developer until the certificate of occupancy on 100 M is obtained. Looks like the deadline for offers is tomorrow, so get your checkbooks out.
The word has arrived that last week the rumored sale of the old Nation nightclub site at
1015 Half Street was completed, with
Opus East (backed by institutional investors) paying a rumored $41.5 million for both the land and the existing plans for a 411,000-sq-ft office building. The fine folks at Opus tell me that they are planning to start construction (on spec) in October, with delivery of the building by October 2009. You can see a rendering of the glass-a-riffic building, which will front Half, K, and L streets, on my
1015 Half Street page.
