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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  
No records added or modified in the past two weeks.

Recent Issued Building Permits Archive  
1402 1ST ST SE   
11/25/19 
UNITED STATES OF AMERICA / DAVID C POSTLEWAITE
SB1900412 / CONSTRUCTION
Parcel G2:WSP will complete four borings up to the deepest potential subgrade elevation (approx. 32 ft. bgs). The proposed boring locations would be in the four quadrants of Parcel G2 to check for spatial variability in contaminant concentrations. WSP will collect and analyze three soil samples from each boring from depths corresponding to potential subgrade elevations (i.e. 10-12 ft. bgs, 20-22 ...
1212 4TH ST SE   
11/25/19 
FC 1212 LLC / TAMIKA STATON; OTIS
ER2000409 / SHOP DRAWING
Replace governor car #2 - Part #: TBA20641H6 Replace hoist belts #1 and #4 - Part #: SB0003119
1300 4TH ST SE   
11/15/19 
ASANA PARTNERS / DEBRA MARSHALL; THE DONOHOE COMPANIES INC
B2001773 / CONSTRUCTION
ADD EXTERIOR DOOR, ADD INTERIOR DOOR , ANY RELAYED,ELECTRICAL,PLUMBING, RELOCATING UNBUILT APPROVED NON LOAD BEARING FIRE RATED PARTITIONS @ FIRST FLOOR APPROVED UNDER PERMIT #B1711970. ATTACHED
   
12/06/19 
ASANA PARTNERS / S.A. COMUNALE; S.A. COMUNALE
P2001954 / SUPPLEMENTAL
1346 4TH ST SE   
12/06/19 
KAITLYNN MATTEO / W. SAKIE - BHAR; W. SAKIE - BHAR; NA
SG2000117 / CONSTRUCTION
Install one set of non illuminated sign on to existing store front building
861 NEW JERSEY AVE SE   
11/15/19 
CSX TRANSPORTATION INC / ERICKA CLARK; DGS CONSTRUCTION
TC2000008 / CONSTRUCTION
(2) tower cranes
   
11/26/19 
GREYSTAR GP I I, LLC / KIM MITCHELL; KIM MITCHELL
FD1900040 / CONSTRUCTION
TWO BELOW GRADE PRKING LEVELS, CONCRETE FOUNDATION WALLS, SLAB ON GRADE, COLUMNS ELEVATED DECKS UP TO GRADE WITH UNDERGROUND UTILITIES (MECHANICAL, PLUMBING, ELECTRICAL)
   
12/05/19 
MIKE ALLEN / JANE MCCRAY
AH2000244 / CONSTRUCTION
WO# 1611441 - Mike Allen / P. Helgeson. Pepco to install network transformer
1111 NEW JERSEY AVE SE   
11/15/19 
GALLERY CAPITOL RIVERFRONT PROPERTY LLC / TANYA HILL; THYSSENKRUPP
ER2000366 / SHOP DRAWING
REPLACE EXISTING 8MM WORN HOIST CABLES WITH LIKE IN KIND ON ELEVATOR #4. WORK TO ALLOW UNIT TO BE RETURNED TO SERVICE.
125 O ST SE   
11/25/19 
DISTRICT OF COLUMBIA / DAVID C POSTLEWAITE
SB1900411 / CONSTRUCTION
WSP will complete three borings up to the deepest potential subgrade elevation (approx. 32 ft. bgs). WSP assumes that borings will not be installed inside the fleet maintenance facility due to access restrictions imposed by DC Water. The proposed boring locations form an ā€˜Lā€™ shape around the eastern and southern sides of the fleet maintenance facility. WSP will collect and analyze three soil samp...
71 POTOMAC AVE SE   
12/06/19 
MPR REALTY / BOB BIROONAK; BOB BIROONAK; ART DISPLAY CO
SG2000099 / CONSTRUCTION
One building name MAREN Two set of address numbers all signs are non-illuminated
201 TINGEY ST SE   
11/14/19 
BROOKFIELD PROPERTIES / DFM DEVELOPMENT SERVICES, LLC
AH2000197 / CONSTRUCTION
Afterhours work at Tingey Square Project. The work performed will be forming, prepping and paving at Tingey Square park. Friday and Saturday the 15th & 16th, from 7PM to midnight. If required, Sunday the 17th from 7AM to 3PM. ANC Support provided. Associated Permit Include PA328164-R1 and PA10760162.
227 TINGEY ST SE   
12/02/19 
FC 227 LLC / KAYLA SHATTUCK; BROOKFIELD PROPERTIES MANAGEMENT LLC.
RW1900122 / CONSTRUCTION
Construction of new retaining wall located between Canal Street St and Third Street, SE.
300 TINGEY ST SE   
12/04/19 
FC BOILERMAKER LLC / ROBERT S. WATTS; ROBERT S. WATTS
E2002289 / SUPPLEMENTAL
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
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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