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Near Southeast DC Past News Items: Jun 03, 2007
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

Thanks to the latest update of the DC Property Sales database, I can now report that the entire block known as Square 696 (bounded by 1st, I, K, and Half) changed hands on April 12; the Pedas family sold its three lots, totaling 54,700 sq ft, for $49.834 million; Potomac Development Corporation received $19.544 million for the 19,600-sq-ft lot on the northeast corner of the block (home to a firewood business for many years). The database lists the buyer as "99 I Street SE LP"; we know from the signs that have gone up that the square is being developed as an office/retail project by DRI Development Services (a wholly owned subsidiary of Transwestern). No details yet on exactly what's coming, or when. (And a hat tip to the Pedas family, who adds this $49.8 million take to the $51.6 million payday they were part of when Ron Cohen bought Square 699N one block to the south in Sept. 2005 and the $4.5 million garnered from their sale of the Domino's lot at the corner of South Capitol and M in August 2005. Apparently you can make some money in this real estate biz.)
With this transaction now official, I've created a DRI/99 I Street page, with not-terribly-exciting photos of the block and my previous news items, and have added it to my main map and project directory.

 

I'm not sure how often readers look at my DC Government Feeds box on the home page, but I wait with baited breath each day as they're released, hoping for some tidbit of news; and today there's a double reward in the Building Permits list.
First, at the Velocity Condos lot at 1001 First Street, a sheeting/shoring/excavation permit has now been approved, so that digging work can begin on the three-level underground parking garages that will serve the two condo buildings that are the first phases of this project on Square 699N, the block that used to be home to Wet/Edge and Club 55. (I'm trying to make the switch away from the 699N designation, so for a few weeks I'll be referring to both the old and new names.) The first condo building is scheduled for completion in 2009; we should see the official web site launching soon, and the sales center at Half and K opening this summer. If you can't bear to wait to see what the first building is going to look like, I've added a rendering to my Velocity page (scroll down a bit); there are others on ADC Builders web site, but you'll need to click on "Portfolio", then on "Planning", then on "L Street Project" to page through them. (Damn Flash sites!) These renderings have been there for a while, but I've only recently confirmed that they are indeed of Velocity; but I've also been told that far nicer ones will be available with the official web site comes online. Anyway, look for the digging to begin along the west side of First between K and L soon.
The other issued building permit is for 909 New Jersey Avenue, the site of the old Nexus Gold Club and where JPI is building its second residential project in Near Southeast, across the street from the soon-to-be-above-ground buildings at 70/100 I Street. Quoting directly from the permit, but with typos fixed: "INSTALL ONE 40X70 TENT: NO LIGHTING GENERATORS COOKING PROPANE OR HEATERS. TEMPORARY USE FOR GROUNDBREAKING CEREMONY EVENT ON JUNE 6TH 2007." Fun! So if you see a big party at New Jersey and I on Wednesday, that's what it is. Alas, I haven't been invited; but there's still time to contact me, JPI!