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Near Southeast DC Past News Items: Jan 28, 2011
In the Pipeline
25 M
Yards/Parcel I
Chiller Site Condos
Yards/Parcel A
1333 M St.
More Capper Apts.
Yards/DC Water site
New Marine Barracks
Nat'l Community Church
Factory 202/Yards
SC1100
Completed
Thompson Hotel ('20)
West Half ('19)
Novel South Capitol ('19)
Yards/Guild Apts. ('19)
Capper/The Harlow ('19)
New DC Water HQ ('19)
Yards/Bower Condos ('19)
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)
The Bixby ('16)
Dock 79 ('16)
Community Center ('16)
The Brig ('16)
Park Chelsea ('16)
Yards/Arris ('16)
Hampton Inn ('15)
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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2 Blog Posts

Both the Washington Post and the Washington Business Journal (subscribers only) came out with stories this week chronicling the rise and fall and now re-rise of Monument Realty. They both describe Monument's high-flying ways during the real estate bubble of the early 2000s with "high-risk, high-return deals and an aggressive, cowboylike approach to development that rubbed the old guard the wrong way," followed by their near dissolution thanks to the collapse of their backer, Lehman Brothers. But thanks to some new deals around the region with different financing partners, Monument appears to be rebounding.
There's not been an announcement from Monument that I've seen, but the WBJ article says that Monument has signed the Federal Aviation Administration to a 55,000-square-foot lease at 55 M Street, which I believe would bring the building to about 90 percent leased. (At the time Monument announced their deal to lease 150,000 square feet to DDOT, they said the 275,000-square-foot building's office space was 70 percent leased.)
However, in detailing what it says are $500 million in new Monument projects around the Metro area leveraged from a $10 million deal with Atlas Capital Group, WBJ makes no mention of any intentions for construction to get underway on Monument's remaining Half Street plans just north of Nationals Park. The well-known hole in the ground, dug in 2007 when 55 M was built, is eventually supposed to be 330 residential units and a 200-room hotel, which you can see a rendering of on my project page or on Monument's Half Street web site. Monument also owns all of the land on the east side of South Capitol between M and N except for the self storage building, as well as the 50 M street lot on the northeast corner of Half and M.
 

Two events on the horizon (one near, one far) that might be of interest:
* On February 2 at 8 pm, Arlington Independent Media is hosting a showing of Chocolate City, the 2007 documentary by Ellie Walton and Sam Wild about families who were displaced by the redevelopment of Capper/Carrollsburg. There will be a conversation after the screening with Walton. (It would be interesting to know whether any of the families portrayed in the movie have since come back to the area by moving into any of Capitol Quarter low-income units, since the movie was filmed and completed before any of the construction at CQ started.) Tickets are $6, and the movie begins at 8 pm at the Artisphere, 1101 Wilson Blvd., in Arlington. (h/t reader P)
* Coming to the Yards Park in April is Sensorium, a "culinary and sensory experience featuring creative atmosphere and cutting-edge production." According to the press release, this will be a "sophisticated 12-course culinary production" from Executive Chef Bryon Brown, founder of Artisa Kitchen and the DC Supper Club series. A temporary structure (called a "geodesic dome" by the producers, but described to me by the BID as a tent) will be set up on the eastern side of the park, just south of the Trapeze School's tent, and there will be audio/visual and performance elements woven through the 12-course meal. (Cirque du Soleil meets Top Chef?) Each show will have only 30 tickets available, with two seatings per day (5:30 and 9 pm), running for six weeks beginning on April 12. Tickets are $150, but are discounted to $125 for the first four shows.
 




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