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Search term: (jpi) : 137 matching blog entries
Residents at three of the neighborhood's "new" apartment buildings--the Jefferson and Axiom at 70 and 100 I Street, and the 909 New Jersey Avenue building, branded together as "Capitol Yards"--are reporting the posting today of public notices, along with e-mails from management, announcing that the buildings are under contract to be sold.
That paperwork says that the price of 100 I for any tenant organization that may form to purchase the 246-unit building would be $93,879,000; readers report that the number for 70 I (448 units) is about $165 million, and 909's price (237 units) is around $95 million, which presumably are all somewhere in the neighborhood of the contract sales prices.
Some potential retail news might have just come onto the radar screen: on the agenda for ANC 6D's next ABC Committee meeting is a proposed Class A license at 909 New Jersey Avenue for an entity called "Harry's SW & SE". They are proposing apparently to sell beer, wine, bread, milk, cheese, and sandwiches (and no "singles"), which is in line with a Class A/liquor store license. If anyone who lives at 909 has heard any rumors, or if anyone else has some scoop, drop me a line. I'm trying to find out more, and will update as I can. (Though the last time I started asking questions about a license application when one appeared on the ABC agenda was a few months ago for 55 M, and it disappeared from the lineup almost as soon as I hit "send." So be forewarned.)| Property | Original 2010 | Revised 2010 | % Diff. | Proposed 2011 | |||||
| 300 M | $132.26M | $82.00M | -38% | $74.69M | |||||
| 55 M | $162.60M | $110.66M | -32% | $110.66M | |||||
| 80 M | $124.08M | $92.75M | -25% | $111.27M | |||||
| 100 M | $90.98M | $68.18M | -25% | $90.98M | |||||
| 1201 M (Martime #1) | $87.97M | $72.57M | -18% | $64.74M | |||||
| 1100 NJ | $142.79M | $121.40M | -15% | $139.16M | |||||
| 100 I | $85.20M | $73.00M | -14% | $85.20M | |||||
| 70 I | $132.28M | $119.00M | -10% | $132.28M | |||||
| 1000 NJ * | $84.46M | $81.06M | -4% | $79.75M | |||||
| 770 M (Blue Castle) | $23.93M | $23.17M | -3% | $23.93M | |||||
| 1220 12th (Maritime #2) | $66.99M | $65.57M | -2% | $47.57M | |||||
| 909 NJ | $68.05M | $73.58M | 8% | $79.93M | |||||
| * This is for the residential portion of Capitol Hill Tower; the 2010 assessments on the Courtyard by Marriott show no change. | |||||||||
I attended my first-ever foreclosure sale this morning (yay...?), where the two lots at 23 I Street (the old Wendy's site) that JPI had purchased in 2007 for $28.6 million were to be auctioned off after JPI defaulted on its $25 million loan. However, there were no bidders for the 47,000-sq-ft piece of land (which doesn't include the Exxon next door), and so the property is now owned by Ruben Companies, which bought the original note from Key Bank earlier this year.
On Sept. 10 a Notice of Foreclosure Sale was filed for the two now-vacant parcels of land on the southwest corner of Half and I streets where the Wendy's used to stand. (Note that this doesn't include the adjoining Exxon land.) The lots, totalling about 47,000 square feet, were bought in July of 2007 by JPI for $28.6 million, with the intent of building 23 I Street, the fourth of JPI's "Capitol Yards" residential buildings (along with 70/100 I and 909 New Jersey). JPI owes $25.1 million on the loan, which came due on Aug. 1 and which is held by Ruben Companies, owners of 1100 South Capitol Street and 1101 across the street. The foreclosure sale is scheduled for Oct. 13.
Another, smaller commercial foreclosure is happening further east, where nine parcels owned by ICP Partners along Potomac Avenue between Eighth and Ninth (including the brown boarded-up apartment building at Ninth and its parking lot) received a notice of foreclosure on Sept. 4, with a debt of $2.3 million on the properties. ICP tried hard earlier this year to drum up interest in these lots plus the gray building at Eighth and Potomac that houses Quiznos (which is not part of this foreclosure), after a previous sale attempt in 2008 went nowhere. ICP paid $9 million for all 10 properties in 2006; this foreclosure sale is scheduled for Oct. 6. (The properties are also on the city's September Tax Sale list.)

There's now a sign up at "The Bullpen" at Half and N (opening Friday?), and I also snuck a shot of the tent and piled-up picnic tables, which you can see on my Akridge Half Street page (scroll down a bit if the link doesn't jump you down). You'll also see updated shots of the garage-less Half and M corner.
It's not very easy to take a picture that well-represents the lack of cyclone fences, but I gave it a shot with a few different angles of the south end of Canal Park. I have to admit that was I was surprised by how much wider the block now seems; when it becomes a real park, with tall buildings on all sides, that extra width will be welcome.
Next up is 1015 Half Street, the 400,000-sq-ft office building now topping out on the old Nation nightclub site. With Half, K, and L being so narrow, it's not a bad idea to step back a block or two to see 1015's impact on the skyline, so check out the Expanded Photo Archive. The next phase of construction should be the hanging of the exterior glass.
images in the random shots at the top (and bottom) of the JDLand home page, since I took a pretty complete set of photos from New Jersey to Half and from M to I. And, without much new construction going on, I don't anticipate taking many photos other than at Capitol Quarter and 1015 Half (and I guess Teague and Canal parks) over the next few months. (I'll also be ready if/when Akridge demolishes the buildings along First between K and L.) So, enjoy these, and take the time to really compare them to their "befores."
Part of my trek(s) on Saturday included getting a slew of updated photos of 909 New Jersey, the 237-unit apartment building between I and K that's now all-but-completed. The landscaping is done, and the fences are down from most of the sidewalks--which will make baseball fans walking to and from the Capitol South subway station happy, I imagine. No word yet on any tenants for the ground-floor retail spaces.
icon, as always.)
And, acting on tips from alert readers, I checked out the Third and K Market, which is now being gutted. There was no one around to answer any questions as to what is up, but seeing work getting done a few months after a For Rent sign went up (and quickly disappeared) would seem to be a good sign....?
There are also a few updated shots of 909 New Jersey, taken mainly from the First and I intersection, which is also notable for the nice little fence and landscaping that's now gone in across the empty lot to the east of 100 I, visible in many of these new photos.
Although the leasing office has been open for a few weeks now, I only just visited Onyx on First this past weekend. They're still putting on the finishing touches (their certificate of occupancy came through not too long ago), so I was only able to see the main floor and one of the model units, but at least now I do finally have photos from the inside of the building (scroll down if the link doesn't jump you down the page). I also got a couple shots from the roof, but things aren't quite completed up there, so I didn't get a photo of the pool. And since they're now open, I've moved Onyx to "completed" status.
The Axiom apartment building at 100 I has been open for a little while, but I hadn't gotten myself in there since a pre-occupancy construction-dust tour back in June. That has now been rectified, and I've posted photos of the common areas and one of the model units. (Didn't get back to the roof, though.) You can also see my interior photos from sibling Jefferson/70 I, to see the warehouse vs. modern differences in the designs.
I took a few quick pictures on First Street and Fourth Street on Saturday, to capture 909 New Jersey and Capitol Quarter in the late-afternoon sun--you can see all of them with their befores here.

The facings and brick continue to go up at 909 New Jersey (and there's even a window or two). I took a pretty complete set of the close-up photos, some of which you can see on the project page; for more, and to see the building from farther away (to get an idea of how prominent it is these days in the neighborhood's ever-changing skyline), check the Expanded Project Archive.
A few weeks ago I was told that the Onyx on First apartment building would probably be opening its first three floors in early August, and judging by the newly installed sidewalk along First Street and a peek into the lobby, it doesn't appear to be far off. The building will have approximately 260 units, and began construction in fall 2006. On my Onyx project page, you can see updated photos, along with a few new images of the buildings that preceded Onyx on this site.
Two blocks to the north, 909 New Jersey speeds along, with its distinctive roofline now visible from many locations around the neighborhood, as you can see both on the project page and in the Expanded 909 Photo Gallery. (What do we call this roof thing? The crow's nest? The bow?) The photos also show that brick is now being added to the First Street side of the building. This 237-unit rental building with ground-floor retail space will be the third of JPI's four "Capitol Yards" residential developments, and is expected to be completed next year.
An e-mail went out late yesterday announcing that Axiom at Capitol Yards (better known around these parts as 100 I Street) is now open for business, almost exactly one month after older sibling Jefferson/70 I went live. Axiom, with about 246 units, has a more modern design in comparison to Jefferson's "warehouse/industrial" look, but has many of the same amenities, such as a roof pool, fitness center, "resident pub," etc. (I've got interior photos from about two months ago, which I hope to get updated soon--I almost took a photo yesterday afternoon of the main entry that now has an "Axiom" sign above it, but I thought to myself, "Oh, I'll just wait until it's officially open." Oops.)


icon be your guide for the latest additions to the project pages, and use the
icon wherever you see it to view all photos in the archive from a certain vantage point. 





icon, though the photos I took on gloomy May 1 are marked as "new" still, too. And, as always, the
icon will show you all photos in the archive of a certain intersection (like the northwest corner of New Jersey and K, which you can watch get demolished, then see 70/100 I rise up in the distance, and now watch 909 New Jersey climb up.)
Word has just arrived that there's a "Preview Grand Opening" this weekend for JPI's first two "Capitol Yards" apartment buildings, the brick siblings at 70 and 100 I Street (officially known as Jefferson and Axiom at Capitol Yards). There's apparently now a leasing trailer on I between Half and South Capitol (next to Wendy's perhaps? I haven't been by in a few days), and tours of the new buildings will start there, with the preview running from 10 am to 6 pm on Saturday and Sunday (the 17th and 18th). The two buildings will have almost 700 rental units available, and should have some pretty amazing views of the neighborhood and the Capitol dome (and the freeway!). (The building permits for rooftop pools on both buildings just came through within the past few days.) The official web site is at capitolyardsdc.com; you can see the history of the project (which broke ground in fall 2006) on my 70/100 I project page. These are the first residential units to open in Near Southeast since Capitol Hill Tower was completed in spring 2006, and they are the first rentals. It's expected that Onyx on First (now apartments, at least last I heard) will be opening later this year as well, adding another 266 rental units to the neighborhood.

icon is a bit misleading on some of these, because it's still showing for pics taken in April that I didn't update this time around (but perhaps you missed them in the ballpark whirlwind, anyway). And use the
icon to see the range of photos between the "before" and the "after." I hope to get some more photos this weekend, weather permitting.
Thanks to reader E. for the tip that demolition work is underway today along Half Street between I and K, where the little gray Alpha Towing building stands; as of earlier this morning, the brick wall was apparently down. This is the site of JPI's planned 23 I Street apartment building, which is expected to start construction by early fall. I don't yet know the fate of Wendy's next door, which is also part of the 23 I site and which was supposed to be closed down as of today. I will go check it out as soon as the rain stops. (This frickin' weather, I am so tired of it. And it scuttled plans I had today for something cool, which hopefully will happen next week--you'll have to wait to find out what it is. So do a sun dance!)
UPDATE: Yup, all gone. Building #152 demolished since 2003. Wendy's is still open, though, and one of the workers there told me they're open through the end of June. I've added a few new photos on my 23 I page to show the changed landscape as of this afternoon. (The sun appeared about 20 minutes later. Damn you, Old Sol!)

icon by intersection (Half and I, Half and K, Half and L, Half and M, First and I, Cushing and L, Cushing and M, Van and M). Make sure to check out the new photos I took last week along First Street if you missed them, to get a pretty complete view of what's happened in the neighborhood in the past two years. (Or just come down and see for yourself.) Hopefully soon I'll get some additional updated shots from along South Capitol Street and New Jersey Avenue (which will be changing thanks to 909 New Jersey now beginning the showy phase of its construction).

photos paired with their "befores": check out First and I, First and K, First and L, First and M, and First and N (above); and there's also some updates at Half and N by the ballpark Center Field Gate and New Jersey and I thrown in as well. Click on the
wherever you see it to see the photos between the Before and the After (or, more precisely, the "During").
Let's dip into the What's the Deal With.... mailbag for some more non-ballpark-related content. Reader M has asked about the garage on the northeast corner of First and K, which remains in place while JPI's 909 at Capitol Yards starts to rise up around it. 

icon will show you all photos in the archive of that location if you want to see the progression of the changes.
With raze permits having been filed recently for the Wendy's on I Street and its little gray neighbor to the east along Half Street, we knew that their days were numbered. JPI informs me that Wendy's will be closed by May 1, and that demolition on the two sites will happen over the summer, to allow construction on the 421-unit 23 Eye at Capitol Yards to begin in September.
Raze permits have now been filed for the Wendy's at 23 I Street and its little gray neighbor at 901 Half Street on the corner of Half and I. These two lots totaling about 47,300 square feet were purchased in late July for $28.625 million by JPI, and the company is planning "23 Eye at Capitol Yards," a 421-unit residential building with up to 35,000 square feet of retail space. Late last year JPI was saying that 23 I would start construction this August--I haven't seen anything lately on whether that's still the case. I haven't had a chance to swing by Wendy's to see if they have a closing date, so if anyone thinks to ask while they're at the drive-through window, let me know. This project would be the youngest of the four Capitol Yards siblings, joining 70/100 I arriving later this year just across the street and 909 New Jersey coming in 2009 one block to the east.
icon if you want to look at how an intersection has changed over the past few years.



icon if you want to see all archived photos of a certain view. 
icons to see all photos of a location over the years....
icons to see all photos of a certain location to watch the buildings go up (or down, in the case of Capper Seniors).
or two to watch the progression.
icon) and on the First Street and N Street expanded galleries, but I'm planning to take a complete batch of photos of the western side of the ballpark on Sunday.
ones displayed with previous shots from the same location (scroll down a bit) to watch the changes since March of last year. (Hint: old buildings, followed by empty lots where old buildings used to be, followed by holes in the ground, followed by new buildings going up.)
icon if you want to see older photos in the archive of a certain location.
icon if you want to see older photos in the archive of a certain location.
I've been posting over the past couple days all sorts of new photos: first off, there's the usual update to the exterior views in the Stadium Construction Gallery's main page and the more detailed north-south-east-west pages. The big change is the arrival of the scoreboard steel on the First Street side, which has also helped to give the stadium its more rounded feel when looking at it from the north. And, if you know what you're looking for, you can see the first real shots of progress on the west parking garage at Half and N, although it's still kind of hidden by trees and construction equipment. There's also my final shots from up on the South Capitol Street viaduct north of Potomac Ave. (waaaah!).
icon is your guide to all the latest, of course. And I hope to have another big update early in 2007 with some new overhead shots, once the Capper demolition is complete. In the meantime, enjoy this overwhelming bounty.
icon be your guide. With demolition continuing at Capper and JPI's 70 I Street, I expect to be updating those pages steadily over the next few weeks. (They appear to be moving more quickly with the Capper demolition at 3rd, 4th, K, and L, and I expect the block to the north, between 3rd, 4th, K, and I, to be next to come down.) And starting soon I'll be updating 20 M Street much more frequently, with the tower's construction finally coming up out of the hole and above ground level. And then there'll be that stadium demolition and construction....
pictures to my JPI Projects page--I'll post more as the demolition becomes more obvious, it's still in the pretty early stages. And I heard today that the property to the north and east of 70/100 I--owned by CSX Rail--is going to get a bit of a cleanup at the same time the 70/100 property is prepped for construction. Which is a good thing, because I'm not sure how much of a marketing draw it is to have a dumping ground of trash and abandoned tires surrounding a new high-rise residential project. 

























