Near Southeast DC: Past News Items - Feb 28, 2011
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Courtyard Hotel on New Jersey Ave. Bought for $68 Million
Feb 28, 2011 5:54 PM
Just crossing the wires: "Chesapeake Lodging Trust announced today that it has entered into a definitive agreement to acquire the 204-room Courtyard Washington Capitol Hill/Navy Yard located in Washington, DC for a purchase price of $68 million, or approximately $333,000 per key." The hotel, at New Jersey and L, SE, opened in spring 2006 along with its next door neighbor, the Capitol Hill Tower co-op; both were developed by Valhal Corp. (whose principals then formed Ranger Properties in 2007). It will apparently remain a Courtyard; no word of what if any impact this sale would have on Capitol Hill Tower.

Pre-Monday Tidbits (Van Ness Meeting Reminder, Links)
Feb 28, 2011 9:47 AM
* I imagine most interested parties do not need to be reminded that tonight at 6 pm at 900 5th St. SE is the meeting with DCPS to find out what they plan to do with Van Ness Elementary. With laser-like precision, they picked a date when I absolutely can't be there, so anyone who wants to pass along the news as it's happening, please do. (I will be keeping an eye on Twitter.)
And, two recently Tweeted links that might be of interest:
* The Yards was named one of Five Projects that Will Transform Washington by the Washington Business Journal. "When completed, the neighborhood may finally achieve L'Enfant's vision for a bustling center of activity on the waterfront."
* The DC Fiscal Policy Institute takes a look at the possible $8 million tax break to bring Whole Foods to New Jersey Avenue, asking "why it makes sense for the District to continue putting money into an area that has seen tremendous public investments and is already on the cusp of development" and why the project would require a special subsidy to move forward, since they say that "Whole Foods already would qualify for a set of tax incentives on grocery-store development, including a 10-year property tax break on the store itself."



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