6 Blog Posts
The Latest Stadium Funding Trial Balloon
Dec 27, 2005 11:17 PM
"Land Sale Possible To Fund Stadium
" in Wednesday's Post describes a new possible plan to help fund any potential cost overruns on the new baseball stadium
: "District officials are considering selling development rights on land adjacent to a baseball stadium to the Washington Nationals' new owner or development companies as a way to help cover potential cost overruns on the ballpark project, D.C. Council members said yesterday. [...] Council members said the tentative plan is to sell the rights to develop land within the portion of the 21-acre footprint for the stadium project that will not be occupied by the ballpark itself. The structure is expected to take up 14 or 15 acres. Developers or the new team owner would probably pay tens of millions of dollars for the rights to the land, the council members said, for a chance to build a mix of shops, restaurants and office space." If only someone had floated an idea along these lines back in November
...! Note that this land is not part of the Ballpark District
that the Anacostia Waterfront Corporation has recently named developers
to work on. And, who knows, if potential team owners get a whiff of the possibility that they could buy with that land and develop it (and reap the profits), maybe they'll poke at Bud a bit and pressure him to go ahead and name the new owner. After all, how would you feel if you were the new Nats owner and you never even got the chance to sit at the table when the land right around your new home was sold off to developers?
At Last, Updated Pictures
Dec 27, 2005 12:53 PM
It's a beautiful sunny day, so I went on a photo expedition. (Except that trying to take pictures toward the south at this time of year is almost impossible, no matter what time of day.) Check for new photos on my DOT HQ
, Capitol Hill Tower
, Capper Seniors
, Florida Rock
, M Street
, and 20 M
pages. As always, the
icon is your guide.
Position Vacancies at Courtyard Hotel
Dec 27, 2005 12:45 PM
If you're in the hospitality industry and are looking for work in Near Southeast, Hospitality Partners (the management of the opening-soon Courtyard by Marriott
at New Jersey and L) has posted a few position vacancies
on their web site. (And I'll be continuing to check the cycapitolhilll.com
URL to see when it turns into a web site for the property itself.)
801 Virginia Ave. Project Rendering
Dec 27, 2005 7:52 AM
ICP Partners, the developers of the new project at 801 Virginia Avenue,
have been kind enough to pass along a rendering of the four-story building that is going to be built on the southeast corner of the 8th and Virginia intersection--you can see it at the top of the "My Photos" section on my 8th Street Historic District
page. The project is to have 15 residences, and retail spaces along 8th Street, and could be completed by the end of 2006.
Blue Castle Sold; Redevelopment Eyed
Dec 27, 2005 7:17 AM
Catching up a bit here after the holiday.... Preferred Real Estate Investments
has purchased the "Blue Castle" building
on the corner of 8th and M
, for $20 million. According to the Post: "Executives at the Conshohocken, Pa., developer said the location of the 100,000-square-foot building makes it ideal for retail stores such as a Barnes & Noble bookstore and a Whole Foods grocery. The upscale stores eventually would supplant three charter schools that now are in the building." They hope to start construction in 2007. (And they're planning to de-Blue the building a bit, too, by painting it a more sedate shade; but they plan on preserving the arched windows and exposed brick interior.) Note that it doesn't sound like there are as yet commitments from any retailers for the site.
WBJ Roundup on Nats, Near SE Impact
Dec 27, 2005 5:57 AM
The Washington Business Journal has named the Nationals "Newsmakers of the Year,"
detailing the how the plan (and trying to go through with it!) to put a stadium
in Near Southeast engendered a land rush in Near Southeast. It's a nice short wrapup of all that we've watched happen during the past 12 months....