Since January, 2003
            
 Sliding from Before to After

The cover story of this week's Washington Business Journal (online for subscribers only) asks: "With Wall Street imploding, regional banks running for shelter and life insurance companies pulling up the ladders, if 1000 Connecticut couldn't get construction financing before the financial storm took on epic proportions, who can get it now?" It also quotes an expert as saying: "For any speculative project, both inside and outside the city -- even in core locations downtown -- it's basically impossible."
The article mentions two of Near Southeast's spec projects in the pipeline:
* "Others, like the William C. Smith Cos. project near Nationals Ballpark at 250 M St. SE, don't intend to pursue financing or break ground until they have a signed-and-sealed tenant."
* "James 'Jad' Donohoe IV, whose company plans a 200,000-square-foot office building at 1111 New Jersey Ave. SE, said he has no choice but to broaden his financing net to include nontraditional sources of funding, such as syndication arrangements with multiple banks, sovereign wealth funds and equity from hotels that will be part of the development. " 'We're still in the early stages now, but we've already been searching those things out for this and for other projects we have out there,' he said."
I'd also note that another office spec project in the neighborhood, DRI/Transwestern's Plaza on K on the northwest corner of First and K, had previously mentioned a Fall 2008 start date for its first phase, but there have been no recent announcements and no building permits filed.
And, there's also three spec office buildings currently under construction--55 M, 100 M, and 1015 Half, with only 100 M having so far announced any tenants (Parsons is expected to occupy 30 percent of the building, in early 2009). But, according to WBJ, "industry experts say they are not too worried about the future of the 36 local buildings that are under construction but not under contract to a tenant."
Will the bailout deal change any of this? [insert "We shall see...." comment here.]
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G St says: (9/29/08 10:48 AM)
Are the Capper/ Carrollsburg townhouses all still going in? Thanks


JD says: (9/29/08 11:50 AM)
First phase (blocks between 4th and 5th, and block bounded by Virginia, I, 3rd, and 4th) is still moving forward as far as I know. Phase II (the rest of the blocks between 3rd and 4th) may take a while.

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City Government Data for Near Southeast Records added or updated recently displayed here; click the "archive" links to see additional detail and older records. All data from DC Government databases and RSS feeds. JDLand takes no responsibility for errors, omissions, etc. (read CapStat disclaimer). Data is retrieved daily.

Recent Crime Incidents Archive  
1200 B/O HALF ST SE   ROBBERY  10/21/20
UNIT B/O K ST SE   THEFT
Theft First Degree (all Other Larceny)
 10/20/20
900 B/O NEW JERSEY AVE SE   THEFT
Theft 2nd Degree (all Other Larceny)
 10/15/20
600 B/O L ST SE   THEFT FROM AUTO
Theft (theft From Motor Vehicle)
 10/13/20
UNIT B/O M ST SE   THEFT
Theft 2nd Degree (all Other Larceny)
 10/12/20
1000 B/O 1ST ST SE   THEFT FROM AUTO
Theft (theft From Motor Vehicle)
 10/12/20
1100 B/O NEW JERSEY AVE SE   THEFT
Theft 2nd Degree (all Other Larceny)
 10/09/20
1000 B/O 8TH ST SE   ROBBERY
Armed Carjacking
 10/09/20
400 B/O M ST SE   THEFT
Theft 2nd Degree - Felony (theft From Building)
 10/07/20
900 B/O M ST SE   MOTOR VEHICLE THEFT
Theft First Degree (Stolen Auto)
 10/01/20
1000 B/O 3RD ST SE   MOTOR VEHICLE THEFT
Theft First Degree (Stolen Auto)
 09/30/20
UNIT B/O K ST SE   MOTOR VEHICLE THEFT
Theft First Degree (Stolen Auto)
 09/29/20
1100 B/O 2ND PLACE SE   ROBBERY
Assault W/i To Commit Robbery (simple Assault)
 09/28/20
1000 B/O 4TH ST SE   ROBBERY
Carjacking
 09/26/20
1200 B/O HALF ST SE   MOTOR VEHICLE THEFT
Theft First Degree (Stolen Auto)
 09/22/20
600 B/O L ST SE   THEFT FROM AUTO
Theft (theft From Motor Vehicle)
 09/21/20

Recent Issued Building Permits Archive  
1108 3RD ST SE   
10/06/20 
JULIANA DUFFY / null
E2100156 / SUPPLEMENTAL
915 5TH ST SE   
10/14/20 
RYAN DANIELS / FERNANDO A ANGULO; RYAN DANIELS
B2012669 / CONSTRUCTION
Partial floor joists replacement on first floor. replace 6 feet height wooden fence and gate. add protective coating to partial foundation wall.
1031 5TH ST SE   
09/30/20 
CLARICE GEE / null
P2009304 / SUPPLEMENTAL
150 I ST SE   
10/09/20 
SQUARE 737 LLC / JASON D DORRIS
AH2100047 / CONSTRUCTION
Construction of a new 13 story apartment building with three below grade parking levels, 1st floor retail and amenity areas; 373 units and 181 parking spaces. To include mechanical, electrical, plumbing, elevators and structural work.
   
10/15/20 
SQUARE 737 LLC / BOB BIROONAK; BOB BIROONAK
SG2000458 / CONSTRUCTION
one directional double face non illuminated sign
100 M ST SE   
09/25/20 
LHREV WASHINGTON M STREET LLC / THUY LE; NA
B2010745 / CONSTRUCTION
Suite 950 - Interior alteration. Work is to include minor change in MEP and Fire. No Structure.
139 N ST SE   
10/08/20 
null
SH2000028-EXT-1 / CONSTRUCTION
Original Permit expires 4 / 15 / 2021, 1st extension expires 10 / 15 / 2021
861 NEW JERSEY AVE SE   
10/13/20 
CXS TRANSPORTATION INC / null
P2100338 / SUPPLEMENTAL
125 O ST SE   
10/02/20 
DISTRICT OF COLUMBIA / null
M2100033 / SUPPLEMENTAL
71 POTOMAC AVE SE   
10/15/20 
RIVERFRONT HOLDINGS II, LLC / OLUSOLA PYNE
B2100519 / CONSTRUCTION
Shipping Container placement on lot for exterior use.
227 TINGEY ST SE   
09/30/20 
FC 227, LLC / BRIAN QUINN
B2011139 / CONSTRUCTION
Conversion of apartment unit to model unit.
AH = After Hours; B = Alteration & Repair; D = Demolition; E = Electrical; FB = Boiler; M = Mechanical; P = Plumbing and Gas; PC = Post Card; R = Raze; SG = Sign; TL = Tenant Layout; TN = Tent; RW = Retaining Wall;

Real Property Sales Archive  
No commercial transaction records added or modified in the past two weeks.


Project Directory
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)


Overviews
Capper/Carrollsburg
Anacostia Riverwalk
New Jersey Avenue
M Street
South Capitol Street
The Yards
Lower 8th Street
East M Street
Boathouse Row





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