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The front page of Tuesday's Post has "Building Slowdown Turns Grand Visions into Vapor," a look at projects in the DC area that are on hold because of the slumping economy: "The economic boom of recent years promised to deliver gleaming homes and high-end retail to struggling and newly forming neighborhoods across the Washington region. But that quest is running headlong into a withering economic slowdown and paralyzed credit markets, bringing new construction to a virtual stop and fueling anxiety among those who dreamed that their neighborhoods were the next frontiers."
Among the examples in the article are three delayed projects near the ballpark--WC Smith's 250 M Street office building, the residential and hotel portion of Monument's Half Street project, and also the Corcoran's Randall School development at Half and I, SW (which Monument pulled out of recently): "Perhaps no area is more central to the District's long-term ambitions than the streets around Nationals Park. At every opportunity, Fenty talks of a cosmopolitan destination featuring new parks, offices, stylish apartments and restaurants, all of it along the Anacostia River. Yet, how soon that vision materializes is fraught with uncertainty."
(Full disclosure: I provided a bit of basic status on ballpark-area projects for the piece, hence the "contributed" line.)
Some additional perspective: Certainly there's a slowdown afoot. (It's almost like there's some sort of cycle of boom and bust in commercial real estate!) I've been joking that I should just put a "Gone Fishin'" sign up here at JDLand during 2009, and come back in 2010 to see what's cooking, because other than the first offerings at the Yards and perhaps Canal Park {cough}, I'm not expecting much to get underway in the next little while. On the other hand, Capitol Quarter is moving forward, 1015 Half Street is now out of the ground, Diamond Teague Park is expected to open in the spring, and 100 M and 55 M and 909 New Jersey and Velocity will all be opening their doors before long, and perhaps the lure of another season of baseball will get some retail into the empty ground-floor spaces of those buildings and 20 M.
So, it's not like tumbleweeds are blowing down M Street or vines are growing on buildings a la Logan's Run--and it would be hard to make the case that it's the neighborhood's fault or the stadium's fault when the entire region is feeling the pain. The expectation would be that when the market improves, development in Near Southeast should pick up again. But we'll all just have to wait and see, won't we?
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Bruce says: (12/2/08 8:10 AM)
i had assumed that all the necessary financing was already in place now that we have a 3 story deep hole on 1/2 Street.
Although the economy as a whole has tanked, these projects will eventually get finished. As the residential portion of this area begins to fill up (hopefully) the retail will come.
I am hoping that this is just a hiccup.


Michael says: (12/2/08 8:48 AM)
It seems like the Post is writing these articles as a "see what a waste of money" or too-bad so sad for the SE. I'm moving there next year and I don't expect to see big things until mid-late 2010. In 5-10 years this will be a really nice area and then in that time you can look back on the Post and Times article and wonder what happened to all the doom and gloom.
Recessions are good (in a way) to slow things down, refocus and come out stronger/better and more well thoht out.


Edna Wellthorpe says: (12/2/08 9:46 AM)
JD - Love the Logan's Run reference! What a classic!


DC says: (12/2/08 10:17 AM)
I agree completely with Michael - and did anyone else see the article a couple of weeks ago in the Business Journal I think - about Forest City being close to deals with a Jazz Club and Dogfish Head Alehouse - I think retailers are interested and will certainly come they just need to make the numbers work


bruce says: (12/2/08 12:19 PM)
I still believe in the area and plan to move there when my house is ready.
The Post piece mentioned infrastructure work by the blocks that are barren where pulic housing used to be...
JD, any thoughts on that segment of the piece??


JD says: (12/2/08 7:28 PM)
I *think* there's going to be another bond offering to take care of the infrastructure work around Canal Park, since that includes the streets where the new Capper apartment buildings will be (trash transfer site and the three blocks between 2nd and 3rd). Perhaps the article's reference to 250 M and the infrastructure it would be helping to fund is Phase II of Capitol Quarter (along 3rd from I to L), but I really don't know for sure.



bruce says: (12/3/08 11:22 AM)
Good point. I had considered Phase 2..


G St. says: (12/3/08 4:01 PM)
Count the cranes and holes in the ground.



bruce says: (12/4/08 9:18 AM)
Based on current trends, I see mortgage rates settling in at 4.5 to 5.25% toward the 1st quarter of 2009 which will stimulate movement. THis will help everyone, not just our part of town.

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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 VAN ST SE   THEFT
Theft 2nd Degree (theft From Building)
 02/26/20
1500 B/O SOUTH CAPITOL ST SE   THEFT
Theft 2nd Degree (theft From Building)
 02/24/20
1000 B/O 1ST ST SE   THEFT
Theft 2nd Degree - Felony (theft From Building)
 02/24/20
1200 B/O HALF ST SE   THEFT
Theft 2nd Degree (all Other Larceny)
 02/24/20
1200 B/O VAN ST SE   THEFT
Theft 2nd Degree (all Other Larceny)
 02/23/20
900 B/O NEW JERSEY AVE SE   THEFT
Theft 2nd Degree - Felony (all Other Larceny)
 02/22/20
900 B/O 11TH ST SE   THEFT FROM AUTO
Theft (theft From Motor Vehicle)
 02/19/20
900 B/O M ST SE   BURGLARY
Burglary Two
 02/19/20
1200 B/O HALF ST SE   ROBBERY  02/18/20
UNIT B/O M ST SE   THEFT
Theft 2nd Degree (all Other Larceny)
 02/15/20
400 B/O M ST SE   ASSAULT WITH A DANGEROUS WEAPON  02/08/20
300 B/O TINGEY ST SE   THEFT
Theft 2nd Degree (all Other Larceny)
 02/02/20
700 B/O L ST SE   THEFT
Theft 2nd Degree (all Other Larceny)
 02/01/20
600 B/O VIRGINIA AVE SE   ASSAULT WITH A DANGEROUS WEAPON  01/29/20

Recent Issued Building Permits Archive  
909 4TH ST SE   
02/12/20 
MEREDITH FASCETT / null
E2004655 / SUPPLEMENTAL
1300 4TH ST SE APT 214   
02/03/20 
null / NA NA NA
EHOP20983190 / HOME OCCUPATION
1021 5TH ST SE   
02/13/20 
KEVIN WILLIAMS / KEVIN WILLIAMS; KEVIN WILLIAMS
B2005053 / CONSTRUCTION
Apply for building permit to have final closing inspection for permit #B1602481 & B1602513 per inspector inspection report since these permits has expired.
150 I ST SE   
02/14/20 
SQUARE 737 LLC / JASON D DORRIS
AH2000818 / CONSTRUCTION
Construction of a new 13 story apartment building with three below grade parking levels, 1st floor retail, and amenity areas; 375 units and 181 parking spaces. To include mechanical, electrical, plumbing, elevators and structural work.
250 M ST SE   
02/14/20 
SQUARE 769 LLC / null
P2003901 / SUPPLEMENTAL
1275 NEW JERSEY AVE SE 20003   
02/14/20 
BROOKFIELD PROPOERTIES / TIM GOOD
AH2000849 / CONSTRUCTION
After hours to conduct work on 1275 New Jersey Ave SE on the upcoming holiday, Presidents Day, February 17, 2020. Operations would include below grade concrete and waterproofing activities with access limited to N Street. This permit would not include extended work hours beyond the normal 7am to 7pm period.
1111 NEW JERSEY AVE SE   
02/25/20 
GALLERY CAPITOL RIVERFRONT PROPERTY LLC / WILL ROWELL; NA NA
B2000625 / CONSTRUCTION
Scope of Work; Plumbing additional bathroom and new fixtures-running lines under slab & within a 15' radius. Electrical installation of approx. 10 outlets / 5 switches / 200 amp services / sub panel & new lighting / wiring. HVAC relocating / dropping 2 new heat fans & installation of 2 ductless split systems. Sprinkler System Turn down of all sprinkler heads, re-balance and restart / re-charge
1275 NEW JERSEY AVE SE   
02/07/20 
MILLER AND LONG / WILLIAM MOORE
AH2000699 / CONSTRUCTION
Afterhours to put up towercrane with mobile crane saturday 2 / 8 / 2020 and 2 / 9 / 2020 from 5am to 1159pm
1299 NEW JERSEY AVE SE   
02/18/20 
FOREST CITY SEFC LLC / STRAUCHON; SEE BELOW
BCIV1800153 / CONSTRUCTION
Phase 1A BCIV Permit Description - BCIV 1800153 - The subject BCIV permit is for the Phase IA development of Quander St SE, N Pl SE, and 1-1 / 2 St SE within the overall Forest City, Yards West (FCYW) development area which emphasizes: pedestrian-focused public realm, optimized utility corridor, fully integrated SWM design, and complete street and vision zero design. The FCYW Phase IA is comprised...
1322 PATTERSON AVE SE   
02/13/20 
JOINT BASE ANACOSTIA BOLLING - UNITED STATES NAVAL OBSERVATORY SI / TONYA HARRIS; TONYA HARRIS; TBD
BCIV2000046 / CONSTRUCTION
***FEDERAL PROPERTY*** PROJECT WILL CONSIST OF DREDGING THE EXISTING RETENTION POND AND INSPECTING AND CLEANING THE OUTLET CONTROL STRUCTURE (S1) LOCATED ON THE UNITED STATES NAVAL OBSERVATORY TO REMOVE SEDIMENT ACCUMULATION. CONTRACTOR SHALL AVOID THE CLEARING OF VEGETATION ON POND EMBANKMENTS AND SURROUNDING AREAS SO AS TO KEEP RESTORATION AND REPLANTING TO A MINIMUM.
71 POTOMAC AVE SE   
02/13/20 
MRP REALTY / JAMES VANEGAS
AH2000681 / CONSTRUCTION
Perform interior and exterior construction activities. New construction 14-story new residential multi-family building.
   
02/19/20 
RIVERFRONT HOLDINGS II, LLC / JUSTIN BISHOP; JUSTIN BISHOP
SP1900054 / CONSTRUCTION
Construct a 680 sqft concrete swimming pool inside an existing waterproofed structural box on the 14th floor. All MEP, decking and fencing work by other trades under separate permits.
227 TINGEY ST SE   
02/12/20 
GONE YARD HOTEL OWNER LLC / BOB BIROONAK; BOB BIROONAK
SG2000048 / CONSTRUCTION
one double face illuminated blade sign
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)


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Anacostia Riverwalk
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M Street
South Capitol Street
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East M Street
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