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Near Southeast DC Past News Items: May 27, 2009
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
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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1 Blog Posts

* 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 shots.
* 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."
 




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