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Monument Submits Bid Directly to WMATA For Half Street Land
Aug 18, 2006 9:56 AM
From today's Washington Business Journal print version
(available online to subscribers only for 30 days), news that Monument Realty
, which owns most of the land facing Half Street between M and N not controlled by WMATA, has stopped waiting for the Anacostia Waterfront Corporation
to get the Ballpark District
rolling and has submitted an unsolicited proposal directly to WMATA
to incorporate the Navy Yard Station's Half-and-M entrance and the adjacent WMATA parking lot into an office building that Monument wants to build. Metro then put out a Request for Proposals
so that other developers could bid on the land (bids are due by 3 pm Aug. 21). If Monument's bid is successful, they say they can move forward "more promptly" with their plans for an office building with ground floor retail at that spot. AWC doesn't really seem all that concerned; Adrian Washington is quoted as saying "Our goal is to redevelop the ballpark district. We're fine either way." Monument, which would manage the government-funded $15 million expansion of the Metro station, says that they need to get control of the property ASAP in order to be able to have the station upgrades completed by Opening Day 2008. The article also notes that AWC expects to have a land disposition agreement completed by next month for Forest City Washington
to purchase a portion of the WASA
land at 1st and O; but color me a bit skeptical on timeline announcements from AWC these days.
Ballpark District Master Plan Delays
Jun 23, 2006 3:02 PM
This week's Washington Business Journal
has "Developers, AWC Wrestle with Ballpark-Area Plans" (not yet available online). It mentions (just like someone else
!) that the unveiling of the Ballpark District Master Plan
is now more than two months behind schedule, and that the lack of plan is hampering what is already a pretty complicated venture, especially when you add in the new potential garages deal
with Western Development and the fact that the AWC
still has not finished negotiating with either WMATA or WASA to get access to their acreages that are considered part of the Ballpark District
. AWC head Adrian Washington says he'll have something ready for the council to approve by fall (though it would then need approval by the Zoning Commission as well), but you wonder if Monument Realty
(one of the four Master Developers, and the only one that actually owns land within the Ballpark District) is starting to get just an itsy bit antsy to start building and start recouping their $50 million investment....
Hints on Ballpark District Plans
Jun 22, 2006 9:39 PM
A story in Wednesday's Baltimore Examiner
about the Cordish Company
signing a deal with NASCAR to develop a string of racing-themed restaurants also gives a teeny tiny bit of information about Cordish's part of the Nationals stadium Ballpark District
(Cordish and Monument Realty
are working together to plan the northern part of the district, the "gateway" to the park from M Street to N Street and from South Capitol to 1st). According to the article, "plans for the company's Nationals stadium development are expected in the next few weeks." (Original delivery date for the AWC's Ballpark District Master Plan
was April 15, but who's counting?) Also from the article: " 'The goal is to create a truly vibrant destination and gateway into the stadium,' said Jon Cordish, vice president of Cordish. 'It will be a dynamic and entertaining ground-floor experience [similar to what] we've done throughout the country on these types of developments.' Cordish is also creating entertainment districts for the St. Louis Cardinals and the Pittsburgh Steelers. While no concrete plans have been released yet on what the Nationals development will look like, John Cordish said the company is exploring licensing options, such as the NASCAR Sports Grille, as well as original concepts. 'Aspects of it may well feel like the Inner Harbor at Baltimore, yes,' he said. 'But will there also be things unique to the Anacostia Waterfront? Definitely.' "
WBJ Looks at Ballpark District
Jun 16, 2006 8:30 PM
This week's Washington Business Journal has a cover story ("Seeing the Future
") about the coming Ballpark District
, and the challenge of creating from a blank slate something new and vibrant that works but isn't "Disneyfied." There's a lot of comment from architects and planners about which design cues the area should take (Navy Yard
and Southeast Federal Center
, not the stadium itself). A little bit of news: Monument Realty is planning
its first two buildings in the Ballpark District, on the east side of Half Street between M and N, a residential project designed by Shalom Baranes
(one of the firms working on the SEFC) and an office building designed by Davis Carter Scott
to add the link now that the story's posted.)
Jun 16, 2006 3:17 PM
A beautiful afternoon for a photo excursion, and you can see a smattering of new shots on my pages for 20 M Street
, the Ballpark District
(with shots of the new bright-yellow Monument Realty signs), Capper/Carrollsburg
(where in one month they've managed to demolish just two of the two-story buildings at 3rd and Virginia), Capper Seniors #2
(which is showing good progress) and of course the baseball stadium
icon is your guide for the latest offerings.
Monument Realty Signs
Jun 13, 2006 6:19 PM
Within the past few days, a series of bright yellow signs have appeared along N Street and Half Street, across from the northern edge of the ballpark site
--the signs are all from Monument Realty
, which has spent nearly $40 million buying property to build nearly 750,000 sq ft of mixed-use offerings as part of the Ballpark District
(not the area on the stadium land that the parking garage squabble
is endangering, but the two blocks between N and M and South Capitol and 1st). The signs have big baseball-related slogans on them, like "Play Ball!", "Heavy Hitter", "Home Run" and so on, and then the Monument Realty name and logo, but no information on what's coming. A Post article from March
did quote Monument as saying that they plan to begin construction in early 2007, so perhaps we'll hear details before long.
Monument/Half St., staddis
Ballpark District First Phases in 2009
Mar 16, 2006 11:30 PM
With the stadium now moving forward, attention will turn to the areas immediately surrounding it and the mixed-use developments the city wants to see in order to make the Ballpark District a year-round destination. In Friday's Post article "D.C. Stadium Likely to Open Without Entertainment Area," developers are quoted as saying that first phases probably won't be done before 2009. The four developers chosen by the AWC have hired urban planning firm Cooper, Robertson & Partners to create the master plan for the 40 acres of mixed-use development. In the meantime, Monument Realty says it expects to begin construction in early 2007 on the land it owns in the blocks just north of the stadium footprint. So, be prepared to walk through a lot of construction to get to the stadium in the early days. (On the other hand, the delays that everyone seems to anticipate will occur with the stadium could help get the ballpark district further along before the ballpark debuts.) Also, the article mentions that the plans for the stadium itself incorporates retail space within the park's facade along 1st Street, and also manages to sneak in another mention that the parking garages raising eyebrows in the stadium renderings will most likely disappear.
Ballpark District Developers Chosen
Dec 12, 2005 10:10 AM
the Anacostia Waterfront Corporation
named two teams of development companies to "enter into exclusive negotiations" to develop mixed-use projects on two sites in the ballpark district
. Forest City Washington
(developers of Capper/Carrollsburg
and the Southeast Federal Center
) and Western Development Corporation
(Herbert Miller's company, responsible for Potomac Mills and many other projects) lead one team, and Monument Realty LLC
(which has purchased many parcels of land along N and Half Streets) and The Cordish Company LLC
(developers deeply involved in the Baltimore Harbor) lead the other. What does this mean? Not as much as it sounds right now--the Forest City/Western team will be negotiating with AWC to develop the 6 acres of excess land at the WASA site
on 1st Street, and Monument/Cordish will be negotiating for the 3 acres of WMATA parcels along Half Street. However, at this time AWC does not own either of these properties. The teams will be working together (coordinated by Forest City/Western) to create a Development Strategy for the entire ballpark district
, which is due to the AWC in draft by March 15, 2006 and in final version by April 15, 2006. The teams have committed to provide payment to the AWC through a combination of up-front payment, annual base rent, and participation in development profits. UPDATE:
Here is the mayor's office press release
. UPDATE II:
's web site now has its story about the announcement
. UPDATE III:
And here is the AWC's press release
. UPDATE IV:
Here is the Baltimore Sun
's Cordish-centric story
Oct 17, 2005 8:20 AM
According to the Washington Business Journal
, owners of land north of the new stadium site
recently met with DC council members Cropp, Evans, and Ambrose to discuss limiting the heights of their future developments in order to preserve views of the US Capitol dome, with buildings being able to get progressively taller as they near the Capitol. Russell Hines of Monument Realty is quoted as saying that they're willing to work with the city on this point. (A WBJ editorial
supports this idea.)
Sep 19, 2005 9:41 AM
Anyone who's lived in DC for any amount of time will be stunned to read today's Post story, "As Stadium Clock Ticks, DC Officials Bicker," detailing the difficulties of getting a design for the new baseball stadium agreed upon. Much of the trouble revolves around the desire (pushed most vehemently by Jack Evans) to have views of the Capitol Dome from as many seats at the stadium as possible. More from the story: "Evans argued that a view beyond center field of one of the city's signature buildings would give fans a sense of place and provide grand shots for national television cameras. At Evans's urging, city planners recently stopped work by Lerner Enterprises on construction of a 130-foot office building on M Street SE, one block north of the stadium. People familiar with the matter said the move angered the company, founded and run by Theodore N. Lerner, who is among those bidding to buy the Nationals. City officials said late last week that they will allow the company to resume work because it has abided by city building regulations. Company officials declined to comment. Evans also has discussed limiting the heights of buildings being planned by Monument Realty, which owns land on N Street SE that abuts the stadium site. City planners worried that such a move would inadvertently harm the creation of an entertainment and shopping district around the ballpark, which has been promised by another powerful player, the Anacostia Waterfront Corp." The article also says that groups are bickering over who has final say on the design. The stadium is supposed to begin construction in March, 2006.
Aug 25, 2005 9:08 AM
Two baseball stadium-related stories in today's Post : "Stadium Estimates Still in Ballpark" reports that DC is still beneath the $165 million cost cap for acquiring the 14 acres of land in the stadium footprint, despite an increase of $18 million in the amount the city expects to pay for the land. Letters with the city's offers will go to out to the 33 landowners on Tuesday, according to the article; the owners will have 30 days to negotiate, and after that the city can take the land through eminent domain. The plan is still for the city to control all the land by the end of the year, so that construction on the stadium can begin in March 2006 for a scheduled opening in 2008. I was interested to see this tidbit: "By law, the city can make offers based on property values that do not take into account plans for a stadium," which will keep prices well below those for properties near (but not on) the stadium site.
Which brings us to article #2, "Monument Realty Buys Coveted SE Site," describing the purchase of a small lot at N and Van streets (right across the street from the stadium site, in the "stadium district") for $3 million, as part of Monument's assembling of acreage for a 750,000-square-foot office / retail / residential project. UPDATE: Washington Business Journal adds a bit of info.
Aug 14, 2005 7:29 PM
Near Southeast hits the bigtime, with a front-page story in Monday's Post ("A Transformed Neighborhood Awaits Stadium") that jumps to two full pages of information and photos about the 'hood. The story gives a great feel for the mood as the land rush by developers transforms this formerly neglected neighborhood. A huge map lists 64 spots within Near Southeast that are being developed, sought after, or are held by developers who aren't divulging their plans. If some of the information and photos seem familiar, that's because your humble Near Southeast webmaster temporarily escaped the Post's Newsroom IT department and helped put together the package. Dana Hedgpeth and I will be taking questions and comments on Monday Aug. 15 at 11 am in a washingtonpost.com Live Online chat, so please join in to talk about all the goings on.
While frequent JDLand visitors will be up-to-speed on much on the content, there are some new nuggets to be found:
• Construction is expected to start in 2007 on the first project within the Southeast Federal Center
, 400 residential units with accompanying small retail, with delivery anticipated in 2008. (Don't yet know where on the SFC's 44 acres these will be built.)
• Monument Realty
has now acquired all parcels on N Street between South Capitol and Half streets, as well with properties on both South Capitol and Half (in what I'm anticipating the city is going to start calling the Stadium District
, so of course I had to create a new page for it
• Faison Associates
has just acquired an acre of property that covers almost the entire western half of the block between 1st, New Jersey, L, and M. (But the On Luck Cafeteria on the corner of 1st and M remains a holdout.)
• The owner of the Splash car wash on I Street reveals that he has received multiple $8 million offers for his property and a neighboring parcel.
• The Donohoe Cos.
appear to be planning an office building for their property in the 1100 block of New Jersey Avenue.
• And, for those of you who've been following along for a while, you'll also enjoy reading the story of the Star Market at 2nd and L, which lived a solitary life until Capitol Hill Tower
rose up around it.
Aug 11, 2005 11:28 PM
The DC government is negotiating to purchase five acres of land in the area near the new baseball stadium, reports the Post, to help influence the development in the neighborhood by creating a "ballpark district" with restaurants, stores, and residential units. Two of the acres would come from the DC Water and Sewer Authority's land at 1st and O Streets, with another 3.2 acres to be acquired by taking control of the WMATA (Metro) bus depot and parking lot at Half and M Streets. Developers are already snapping up plenty of parcels in the area (specifically Monument Realty, which is assembling the acreage to build 750,000 sq ft of mixed-use offerings in the block north of the stadium), but by controlling some of the most desirable land (the Metro land on Half Street lies directly along the envisioned "promenade" entrance to the stadium), DC can do more to ensure that the stadium area sees the sort of development the city wants, and that the area is made into an attractive destination even on non-game days. And in other news, the article mentions that the Anacostia Waterfront Corporation is close to unveiling its master plan for the waterfront redevelopment. (It also reminds us again that DC will be tendering their offers to landowners in the stadium footprint "within the next several weeks.")
Jul 8, 2005 9:42 AM
Monument Realty continues to buy up property in the area surrounding the new baseball stadium land, according to Friday's Post. The DC Real Property Sales Database indicates that Monument nows own 1242-1260 Half Street, 50-68 N Street, and 1236 South Capitol Street, and The Post mentioned contracts for other parcels on the north side of the unit block of N. They have assembled half of the 8-acre parcel they covet for a huge office/residential/retail complex just north of the stadium. WMATA (Metro) owns 3 of the additional acres (at Half and M), and had asked developers for proposals for the land in early May, but withdrew the offer on request of the Office of Planning, who are working on the Master Plan for the area (now not expected to be delivered until the end of the summer, wah!). The article says that the John Akridge Cos. (developers of Gallery Place) is also pursuing deals in the area (but I think it's looking in Southwest, down by Buzzard's Point).
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