* Tomorrow (Thursday, May 28) at 10:30 am is the groundbreaking ceremony for the Park at the Yards
, the first phase of which is scheduled to be completed next spring. The mayor is supposed to be in attendance--I may have to create a Shovel-Wielding Fenty
photo gallery, since I now have quite a few of those
* 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."