* Opus East, which birthed 100 M and the under construction 1015 Half, is "teetering on the verge of bankruptcy" because the "U.S. General Services Administration has refused to pay the developer for 'even one penny' of the more than $35 million the company has invested in erecting a new federal building in College Park." Its parent company, Opus Corp., is exploring bankruptcy or restructuring for Opus East and Opus West--two other Opus companies went into Chapter 11 this spring. The article also says that Opus East's deal with MayfieldGentry Realty Advisors of Detroit to buy 100 M fell through in May; but 1015 Half is, for now, "continuing in full swing."

* And Monument Realty is having trouble, though not on Half Street--"At the end of May, at least three contractors filed suit in D.C. Superior Court to enforce more than $1.3 million in mechanic's liens the contractors filed against the last of three condominium buildings Monument is building at Potomac Place Tower near the Southwest waterfront. [...] At least one of the contractors is asking the court for a forced sale, if necessary, to collect amounts due."

* 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.

The article also says that an "undisclosed federal agency is on the cusp of announcing" a 100,000-sq-ft lease at 20 M. I have heard murmurings of some outfit moving to 20 M--if someone wants to whisper in my ear who it is, I'm listening!

Hard to believe, after the weeks of buildup, that the opening of Artomatic is going to turn out to be the *second* most exciting event in Near Southeast today, but it should still be noted that it did indeed open its doors at noon today, running for hours and hours between now and July 5. You can get all the specifics at the Artomatic web site, and I'm sure many local blogs and media outlets will give it coverage far beyond what my left-brain-ness is capable of providing, but I did take a few photos at the kick-off this morning that might whet your appetite to go give it a visit. And these shots were from just one of the eight floors' worth of offerings, so there's plenty that I plan to go back to see. (I also took a few photos of the surrounding skyline, since this was my first visit inside Monument's 55 M.)

* Friday (May 29) at noon is the opening of Artomatic at 55 M Street. I'm giving everyone advance warning that I am hopelessly left-brained, so I won't really even be trying to cover it much beyond wandering through to get the flavor. It runs until July 5, so everyone has plenty of time to get there and check it out. (You can see some of the installations already through the windows.) See my calendar for the specific days and hours (it's closed Mondays and Tuesdays).

* An extremely helpful commenter in this thread has explained why some of the flyovers and ramps are missing from the new Skanska/Facchina schematic of the new 11th Street Bridges design that I linked to: "[It] does not show all the ramp connections in the FEIS design because the District could only find $260 million to fund the project, and the FEIS design is estimated to cost $360 million. The District asked for proposals to build as much of the project as possible for the availible $260 mill, and the schematic shows how much the winning bidder Skanska/Facchina proposed to build. It is a lane-mile more than the next best proposal. The District's plan is to build the rest when they can secure funding (maybe sooner than later.)"

* While not mentioning Near Southeast specifically, this Post article from yesterday talks about the very tough office-space market in DC and surroundings: "'Unless they're already in the ground, they're not starting,' said Steven A. Levin, managing director at Spaulding & Slye. 'Any development project needing a loan over $25 million requires multiple lenders, and the guarantees are onerous. The amount of money you can borrow is also reduced.' [...] Dennis K. Moyer, a commercial real estate lawyer with Goulston & Storrs, said some of his clients are reviewing their existing loans and wondering whether they'll be paid, even on properties that are doing well. 'The next wave that comes is likely the workouts, foreclosures and restructurings,' he said."

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.

* There's no "official" parking at The Yards anymore (the "blue zone" from 2008, lots E, Z, and Y). Perhaps they'll be available as cash lots, but I haven't heard. (See Update II below.)

* Lot "S" way up at Second and H has been dropped, too.

* New official lots have cropped up at the WMATA bus garage site (lot G) and underneath 55 M Street (lot O). The WMATA garage was offered as $50 valet parking starting about mid-season last year.

* Individual game-day parking prices have dropped by $5 for most of the lots that were same-day purchase lots last year (though the purchasing system doesn't seem to exactly match the map when it comes to the red zone, which says $35 for the lots other than the official garages while the purchasing system says $40 for all red zone parking).

As for whether the Nats Express shuttle from RFK is going to run, there's been no announcement, and the page for it on the official web site, looks like it hasn't been updated since last season. (It hasn't been updated to replace the N22 references with news of the new Circulator route, either.) The "interactive trip planner" also has not yet been updated to show the 2009 parking options.

I imagine more info will be coming soon.

UPDATE: The Nationals have passed along word that the Nats Express shuttle from RFK will be running again this year. Also, the lot under 55 M won't be an official lot after all.

UPDATE II: The folks at the Yards say that they will be offering both cash parking and "season subscription" parking in their lots that were formerly lots E, Y, and Z last year. (They'll just be doing it on their own and not as part of the lineup of "official" Nats lots.) More info to come soon.

UPDATE III: Reader J. rightly notices that Lot R (under 1100 New Jersey) is also gone from the 2009 lineup.