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Search term: (monhalf) : 186 matching blog entries
Not quite six months after buying the land on the northeast corner of Half and N streets across from Nats Park currently known as Monument Valley, the MacFarlane/Jair Lynch joint venture has now submitted to the Zoning Commission its new plans for the site, a 10-story building with 461,700 square feet of residential (and possibly hotel) development, combined with at least 60,000 square feet of retail.
As in the original designs, there would still be a small street called "Monument Place" running between this building and its neighbor to the north, 55 M Street, allowing the retail offerings to wrap around onto the building's north side--however, in these new plans it would be a pedestrian-only street, negating the need for a curb cut on Half Street.
* 909 HALF GETS A PERMIT: Late last week 909 Half Street got its shoring permit as well. This is a 380-unit residential building by Ruben Companies and the Related Companies, and at least one resident is sure that activity is already underway at the site on the southwest corner of Half and I, in the wake of construction trailers having arrived within the past few weeks.
The Post's Jonathan O'Connell has posted a story today detailing the rise and fall of Monument Realty on Half Street--how the company snapped up parcel after parcel of land just north of the ballpark footprint during 2004 and 2005, how they spared no expense to market their holdings, and how just as they dug the hole for the residential portion of their project, the economy collapsed, taking with it Lehman Brothers, their big financial backer.
A few tidbits to throw your way, but first let's start off with one of my favorite photos, taken eight years ago yesterday while standing at 1st and M. You can see more shots from Sept. 17, 2006 in the archive.
Documents filed today show that Monument Realty, which sunk its teeth whole-heartedly into the Nationals Park-fueled land rush of 2004 and 2005, is exiting Half Street, with the sale of the company's two remaining parcels, best known to baseball fans and residents as the location since 2009 of the big hole in the ground on the east side of the street.
Monument had planned a hotel and 320 units of residential on this site, and went ahead and dug the hole back in 2007 and 2008 as it built the 55 M Street office building at the north end of the block. But the economy tanked, and the "Monument Valley" hole languished (and became quite the urban forest).





Documents filed with the Recorder of Deeds within the past few months show that Lehman Brothers has executed the necessary legal and financial maneuvers to take sole ownership of a portion of the infamous hole in the ground on Half Street just north of Nats Park (which I can't believe I didn't until this instant ever think to call Monument Valley).
It's been announced that 55 M Street, the 265,000-square-foot office building at Half and M on top of the Navy Yard Metro station just north of Nationals Park, has been sold by Monument Realty (and its investment partners Lehman Brothers and McFarlane Partners) to Hines Global REIT, for an as-yet undisclosed amount.
Readers are reporting that, on schedule, the new Bank of America branch in the ground floor of 55 M Street opened today. The BoA web site also now lists it as well, though it doesn't include the lobby hours yet. It's still called the "Waterfront" branch, since this is technically a move of the branch that was at 4th and M SW for many years, in the old Waterside Mall/new Waterfront development.
A reader reports that a sign has been posted on the ATM at the Bank of America branch/trailer at 4th and M, SW, alerting users that the location will be closing on July 20, reopening in Southeast on July 23.
It looks like Monument Realty's office building at 55 M Street may be close to getting its first retail tenant, as they have confirmed to me that they are in negotiations with Bank of America for a branch office in one of 55 M's ground-floor spaces, on top of the west entrance to the Navy Yard Metro station, just north of Nationals Park.
* Douglass Bridge: The Feds have "freed up" $68 million from previously appropriate funds to allow DC to start buying up right-of-way land for the new South Capitol Street/Douglass Bridge. NBC4 quotes DDOT chief Terry Bellamy as saying "If I had my way and we had the money, we could possibly see a new bridge in about six to seven years." But, considering they're looking for $800 million for not just the bridge itself but all the associated improvements to South Capitol Street and its interchanges with I-395 and I-295, getting the rest of the money might be a little trickier.
* DPW Move: While the timeline for getting DPW into their new home on Okie St. NE and out of their New Jersey and K site has slipped (shocker!), things are still moving forward, and I'm hearing that they should be moved early in 2012. But this delay is not as yet impacting William C. Smith's plans for a new apartment building just to the north--various permits have recently been approved, and WCS expects to start some deep infrastructure work, along with some clearing and grading along New Jersey Avenue north of I, sometime in December. (But WCS needs DPW out before too long because a smidge of DPW land crosses what will eventually be the new I Street and onto the WCS property.)
This was referenced in the flurry of stories on the company a few weeks ago, but Monument Realty has now officially announced that they have signed a 10-year 50,000-square-foot lease with the Federal Aviation Administration at 55 M Street, the building on top of the Navy Yard Metro station just north of Nationals Park. With this lease, DDOT's 150,000-square-foot lease signed last fall, and two other smaller tenants, the 275,000-square-foot building is now 85 percent leased, with only three smaller office suites remaining (as well as all of the building's ground-floor retail space).
Yesterday I posted about how the city council had until close of business to decide whether or not to slow down DDOT's planned move to 55 M Street, SE--and now I'm hearing that Marion Barry has filed a "disapproval notice" that does delay the DDOT move. (Apparently he did the same thing with the contract for the new headquarters for the Department of Employment Services.) There will now probably be some behind-the-scenes wrangling to convince Barry to withdraw his disapproval--once/if he does, the contract would then be considered immediately approved, and the move can proceed.
WBJ updates its story from a few months ago to basically say, yes, DDOT is still planning to move to 55 M Street, Monument Realty's building on top of the west entrance of the Navy Yard station. The city council has until close of business today (Wednesday) to decide if it wants to hold up the plans, and apparently the council's budget office is taking a close look at the lease, since it will cost DDOT about $6.9 million per year over 10 years to consolidate all of its workers in Near Southeast, compared to the $3.1 million it's paying now to lease space in multiple buildings.
Oh, I've wanted to post this rumor for so long (and have hinted at it on Twitter) but never could bring myself to pull the trigger when I couldn't get anything out of Monument or DDOT or any first-level source. But, here's WBJ going where I wouldn't (subscribers only): "[The District Department of Transportation] has signed a letter of intent and is close to a deal on a 10-year lease for 150,000 square feet in Monument Realty's Half Street building at 55 M St. SE, according to sources." Neither Monument nor DDOT would confirm to WBJ either, with DDOT spokesman John LIsle quoted as saying, "We are hoping to move this year. It may be ambitious, but that is our goal."
From WBJ, the news that government contractor Sayres and Associates has signed a seven-year deal to lease 20,000 square feet at 55 M Street, Monument Realty's office building on top of the Navy Yard Metro station at Half and M. Sayres currently is at Maritime Plaza, and is expected to move into 55 M in April of next year. This is the first tenant for 55 M; with the Bureau of Land Management moving in across the street at Lerner's 20 M next year, all of the office buildings in Near Southeast completed since 2007 will have lease deals (100 M was nearly 40 percent leased when it opened at the end of 2008).
Monument Realty just passed along word that 55 M Street, the 275,000-sq-ft office building at Half and M that was home to Artomatic 2009, has been awarded LEED Gold certification by the US Green Building Council. A quote from Monument's head, Michael Darby: "This is a great accomplishment for us. We expected to earn LEED Silver certification at 55 M, so to be awarded Gold is a true testament to the hard work that all the team members put into this project."
* 55 M Street - Right on top of the west entrance of the Navy Yard Metro station, at the head of Half Street, is Monument Realty's 275,000-sq-ft office building, which has been finished in the last few months and which will be home to Artomatic this summer. No office or retail tenants have been announced, although WBJ reported a few weeks back that Gordon Biersch may be eyeing some of 55 M's ground-floor space. The rest of Monument's Half Street site remains a large hole in the ground, with financing for the planned 350 residential units and adjoining hotel directly across from the ballpark nowhere to be found.
* 909 New Jersey - Finished mere moments ago (it opened last week), this 237-unit apartment building at New Jersey and I by JPI (developers of 70 and 100 I) is catching eyes with its blue-edged nighttime profile, and is generating piles of "have they signed anyone for their retail space?" messages in my inbox (answer: not that I've heard so far). Baseball fans walking down from Capitol South will also appreciate the wide new sidewalk now just one block south of the freeway.
Eagle-eyed workers at USDOT had asked me about this lately, and now WBJ confirms (subscribers only) that work has stopped at the Foundry Lofts rehab project at the Yards: "Forest City Washington started transforming a former Navy industrial building into 170 loft apartments last year but recently called off the construction crews thanks to, you guessed it, a lack of financing -- in this case an inability of the D.C. Housing Finance Agency to sell bonds for the subsidized units."

I also snuck across the river (don't tell) to get a peek through my zoom lens at the goings-on at Diamond Teague Park, plus I took a photo or two through the fence at First and Potomac. It looks like the gangplank from the shore to the pumphouse has been dismantled; and there's definitely "in-water" work going on. 
I even took my first(!) set of photos at 11th and L, where the Southeast Freeway bends toward the 11th Street Bridges, to get an official "before" baseline in advance of the reconstruction and reconfiguration of it all. (And I found this plaque on one of the flyover pillars, which might be worth a chuckle or two.)

The northeast corner of Half and M is home to Nats Lot J these days, with the Sunoco station that used to be there having closed in 2006 (taking with it my first Gas Prices in the Hood location). The land was purchased in 2007 by Monument Realty for $14.3 million, and they're currently marketing the site as 50 M Street, a 135,000-square-foot build-to-suit office building, targeting associations in the area as possible tenants. Monument was nice enough to pass along this early conceptual rendering of the building (bigger version here). Waiting for a tenant means that this building probably won't get started anytime soon.
icon for any location where you'd like to see the photos between the before and the after....

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).
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....
if you want to see all photos in the archive from a certain angle. And in case you missed these a few days back, I recently took new overhead photos of the North of M area (looking south and west and northwest), showing quite a change in the last 21 months.
icon in its Expanded Archive).
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 will show you all uploaded photos of that angle, not just the oldest and newest (so you can watch the stadium construction change in two-week intervals). I also "freshened" the Photo Archive's database of photos at all the intersections around the perimeter of the stadium, giving you additional viewpoints not shown in the Construction Gallery: check out 1st Steet at N, N Place, O, and Potomac; Half Street at N and Potomac; and South Capitol Street at N, O, P, and Potomac. (You can also browse the archive by map to pick and choose locations.)
icons. First, I realized that I needed to include the little building demolished sometime in 2005 that was attached to the west side of Nation; then, while browsing through my photos, I found out that not only had the empty lot on the west side of the Good N Plenty carryout at Half and N contained a rowhouse within the relatively recent past, but that I actually had one photo of it, so it's added to the Gallery now as well. I imagine the Demolished Buildings page is going to get a pretty good workout over the next few weeks. UPDATE: Fixed the bad Demolished Buildings Gallery link. Oops.
icon is your guide for the latest offerings. Which brings us to article #2, "Monument Realty Buys Coveted SE Site," describing the purchase of a small lot at N and Van streets (right across the street from the stadium site, in the "stadium district") for $3 million, as part of Monument's assembling of acreage for a 750,000-square-foot office / retail / residential project. UPDATE: Washington Business Journal adds a bit of info.
While frequent JDLand visitors will be up-to-speed on much on the content, there are some new nuggets to be found:


























