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Near Southeast DC Past News Items: Square 743N
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Thompson Hotel ('20)
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Novel South Capitol ('19)
Yards/Guild Apts. ('19)
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New DC Water HQ ('19)
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Virginia Ave. Tunnel ('19)
99 M ('18)
Agora ('18)
1221 Van ('18)
District Winery ('17)
Insignia on M ('17)
F1rst/Residence Inn ('17)
One Hill South ('17)
Homewood Suites ('16)
ORE 82 ('16)
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Southeast Blvd. ('15)
11th St. Bridges ('15)
Parc Riverside ('14)
Twelve12/Yards ('14)
Lumber Shed ('13)
Boilermaker Shops ('13)
Camden South Cap. ('13)
Canal Park ('12)
Capitol Quarter ('12)
225 Virginia/200 I ('12)
Foundry Lofts ('12)
1015 Half Street ('10)
Yards Park ('10)
Velocity Condos ('09)
Teague Park ('09)
909 New Jersey Ave. ('09)
55 M ('09)
100 M ('08)
Onyx ('08)
70/100 I ('08)
Nationals Park ('08)
Seniors Bldg Demo ('07)
400 M ('07)
Douglass Bridge Fix ('07)
US DOT HQ ('07)
20 M ('07)
Capper Seniors 1 ('06)
Capitol Hill Tower ('06)
Courtyard/Marriott ('06)
Marine Barracks ('04)
 
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While everyone continues to nervously eye the commercial real market, Opus East has continued to sign tenants at 100 M Street. In addition to Parsons (who signed for 30 percent of the building's space early on), deals have now been completed with Battelle's transportation group (about 6,000 sq ft) and NAVSEA contractors CDI Marine (6,000 sq ft) and Orbis (7,400 sq ft). This brings the building to about 43 percent leased, according to Opus, with contracts closed to be completed for another 8,000 sq ft.
As for retail, SunTrust is still planning to open a branch there (perhaps as early as this spring, but nothing's confirmed), and Opus continues to look for a restaurant (or restaurants) to fill the remaining 8,500-sq-ft of ground-floor retail space.
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More posts: 100 M, Retail, Square 743N
 

I don't dare tally up how many photos I've taken over the past 12 months, but suffice to say it's a lot. That didn't stop me from a quick lunchtime trek around the neighborhood to grab my final pictures of 2008, with a starkly blue sky as an end-of-year gift. Here's a boatload of before-and-afters for your perusal:
I started at Capitol Quarter, where the first three townhouses at Fourth and L are already framed, wrapped, and window'ed (I imagine the developers are trying to get those units finished as close to "on schedule" as possible). Here's the before-and-afters for the intersection's southwest corner; be advised that taking southward-facing photos in winter is no fun at all, so apologies for all glare, skipped angles, etc.

I next ventured to The Yards (USDOT security guards be damned!) for updated photos of the Foundry Lofts construction, where most of the framing of the two new top floors appears to be finished. And both Third and Tingey streets are now nicely paved and curbed, which you can see along with the Foundtry Lofts construction in these Third and Tingey photos, and also in shots from one block west, at what someday will be Second and Tingey. And, for the heck of it, here's a few new New Jersey and Tingey images. (Remember to look for the icon, as always.)
And, acting on tips from alert readers, I checked out the Third and K Market, which is now being gutted. There was no one around to answer any questions as to what is up, but seeing work getting done a few months after a For Rent sign went up (and quickly disappeared) would seem to be a good sign....?

I also went to First and M, where workers at 100 M have now given back one lane of M Street and told me that the median east of First will be rebuilt soon (as the one west of M recently was). The silver bullding against the unbelievably blue sky makes for a nice tableau in these updated photos.
There are also a few updated shots of 909 New Jersey, taken mainly from the First and I intersection, which is also notable for the nice little fence and landscaping that's now gone in across the empty lot to the east of 100 I, visible in many of these new photos.

Will that tide everyone over until the new year? I know I'm now good for a while....!
 

Washington Business Journal passes along the latest on 100 M Street, Opus East's office building that's just about to open. Apparently the building is set to be purchased by Detroit-based MayfieldGentry Realty Advisors LLC on behalf of an unnamed fund they represent, though the financial climate is slowing down completion of the transaction. It's expected to be finalized in January.
Meanwhile, Parsons's transportation unit moves in January 1, occupying the top four floors (30 percent of the building's total square footage). Another 7,400 square feet has been leased by federal contractor Orbis Inc., and WBJ says that "Opus also has signed letters of intent with three more small tenants and has concluded final negotiations with them[...]. Those three leases will absorb an additional 20,000 square feet in the 240,000-square-foot building." SunTrust Bank is also still planning to occupy 3,600-sq-ft of ground-floor retail space.
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More posts: 100 M, Retail, Square 743N
 

Piling a bunch of stuff together, again:
* Just posted on its Housing Complex blog (and in this week's print edition), the City Paper takes a look at the "Capitol Riverfront," both in the attempts to brand the neighborhood and in how empty it currently is (the subhed for the piece says "Developing a Name for the Southeast Waterfront Is Easier Than Actually Developing It" ).
UPDATE: I should also mention that Housing Complex has also posted occupancy numbers for the new buildings in Near Southeast: 70 and 100 I are 18 and 14 percent leased, Onyx is at 8 percent, Capitol Hill Tower is at 75 percent, Capitol Quarter Phase I is sold out, and Velocity is 25 percent sold.
* Reader J. reported yesterday that interior work seems to have begun at the old dialysis building at 900 M Street. They're rehabbing the interior and the exterior to create three retail storefronts, though no tenants have been announced yet.
* The Douglass Bridge is having another early-Sunday-morning-closure on the 14th.
* Planners are trying to figure out where to put all the charter buses coming to town for the inauguration. I'm guessing that the surface parking lots all around Near Southeast are going to be pretty enticing.
* The WBJ picks up on what I reported last week about 810-816-820 Potomac Avenue going up for sale in a sealed bid.
* One more add: Dr. Gridlock reports that Metro will be testing more eight-car trains on the Green line.
 

Two reminders for your Wednesday planning:
* Onyx (1100 First Street) is having its grand-opening party from 5 to 8 pm, with music, nibbles, and tours.
* And, at 6:30 pm, DDOT is having a Public Meeting on Ward 6 Ballpark District Performance Based Parking Pilot Program, a look at what's worked, what hasn't, and what might change in 2009 with the on-street parking around the ballpark. The meeting is at 6 pm at Friendship Baptist Church, 900 Delaware Ave., SW.
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More posts: Onyx, parking, Square 743N, Nationals Park
 

The folks at Onyx on First apartments are throwing a Grand Opening party on Wednesday, Nov. 19, from 5 to 8 pm, which will include a "special tour," as well as jazz, wine, and hors d'oeuvres. Here's the invitation flyer, along with the information on how to RSVP. (Though I don't imagine they'll lock the door if you try to show up without having called first.)
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More posts: Onyx, Square 743N
 

Although the leasing office has been open for a few weeks now, I only just visited Onyx on First this past weekend. They're still putting on the finishing touches (their certificate of occupancy came through not too long ago), so I was only able to see the main floor and one of the model units, but at least now I do finally have photos from the inside of the building (scroll down if the link doesn't jump you down the page). I also got a couple shots from the roof, but things aren't quite completed up there, so I didn't get a photo of the pool. And since they're now open, I've moved Onyx to "completed" status.
The Axiom apartment building at 100 I has been open for a little while, but I hadn't gotten myself in there since a pre-occupancy construction-dust tour back in June. That has now been rectified, and I've posted photos of the common areas and one of the model units. (Didn't get back to the roof, though.) You can also see my interior photos from sibling Jefferson/70 I, to see the warehouse vs. modern differences in the designs.
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More posts: 70/100 I, jpi, Onyx, Square 743N
 

The cover story of this week's Washington Business Journal (online for subscribers only) asks: "With Wall Street imploding, regional banks running for shelter and life insurance companies pulling up the ladders, if 1000 Connecticut couldn't get construction financing before the financial storm took on epic proportions, who can get it now?" It also quotes an expert as saying: "For any speculative project, both inside and outside the city -- even in core locations downtown -- it's basically impossible."
The article mentions two of Near Southeast's spec projects in the pipeline:
* "Others, like the William C. Smith Cos. project near Nationals Ballpark at 250 M St. SE, don't intend to pursue financing or break ground until they have a signed-and-sealed tenant."
* "James 'Jad' Donohoe IV, whose company plans a 200,000-square-foot office building at 1111 New Jersey Ave. SE, said he has no choice but to broaden his financing net to include nontraditional sources of funding, such as syndication arrangements with multiple banks, sovereign wealth funds and equity from hotels that will be part of the development. " 'We're still in the early stages now, but we've already been searching those things out for this and for other projects we have out there,' he said."
I'd also note that another office spec project in the neighborhood, DRI/Transwestern's Plaza on K on the northwest corner of First and K, had previously mentioned a Fall 2008 start date for its first phase, but there have been no recent announcements and no building permits filed.
And, there's also three spec office buildings currently under construction--55 M, 100 M, and 1015 Half, with only 100 M having so far announced any tenants (Parsons is expected to occupy 30 percent of the building, in early 2009). But, according to WBJ, "industry experts say they are not too worried about the future of the 36 local buildings that are under construction but not under contract to a tenant."
Will the bailout deal change any of this? [insert "We shall see...." comment here.]
 

* The Congress for the New Urbanism has named the 11th Street Bridges (along with the Southeast Freeway) to its Freeways Without Futures list, recognizing the top 10 locations in the U.S. "where the opportunity is greatest to stimulate valuable revitalization by replacing aging urban highways with boulevards and other cost-saving urban alternatives." It mentions the opposition of the Capitol Hill Restoration Society to the plans to reconstruct the 11th Street Bridges, scheduled to start next year.
* A few folks wrote in to mention that there's a new sign up advertising the planned office building at 1111 New Jersey. Despite some building permits recently in the pipeline, developer Donohoe told me a few weeks ago that no announcement of a groundbreaking is imminent.
* I seem to always manage to be out of town during WalkingTown DC, and so missed last weekend's jaunt around the "Capitol Riverfront." Blogger fourthandeye from The Triangle was there, however, and gives a nice overview via eyes that don't look at these streets every day.
* The weather forecast does not look good for Thursday night's final home game of the season at Nationals Park.
 

A little over a year after entering into a purchase agreement, Ruben Companies and the St. Matthew's Baptist Church at 1105 New Jersey have terminated their contract, I have confirmed this evening. Can't tell you a single thing beyond that (no "why," or "what now," or anything else). Ruben continues to own properties at 1100 South Capitol and the former KFC at 1101 South Capitol SW.
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More posts: St. Matthew's Church, Square 743N
 
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