Since January, 2003
            
 Sliding from Before to After

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?
Comments (9)
   
 
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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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Recent Crime Incidents Archive  
1255 1ST ST SE   THEFT
Theft 2nd Degree (theft From Building)
 01/19/20
400 B/O M ST SE   MOTOR VEHICLE THEFT
Theft First Degree (Stolen Auto)
 01/17/20
1200 B/O HALF ST SE   THEFT
Theft 2nd Degree (all Other Larceny)
 01/14/20
1100 B/O 1ST ST SE   BURGLARY
Burglary One
 01/12/20
100 B/O L ST SE   ROBBERY  01/08/20
400 B/O M ST SE   THEFT
Theft 2nd Degree (all Other Larceny)
 01/08/20
1100 B/O 2ND PLACE SE   THEFT FROM AUTO
Theft (theft From Motor Vehicle)
 01/06/20
40 N ST SE   ROBBERY  01/05/20
1100 B/O 9TH ST SE   THEFT FROM AUTO
Theft (theft From Motor Vehicle)
 01/03/20
139 N ST SE   THEFT FROM AUTO
Theft First Degree (theft From Motor Vehicle)
 01/02/20
100 B/O L ST SE   THEFT FROM AUTO
Theft (theft From Motor Vehicle)
 01/02/20
400 B/O M ST SE   THEFT
Theft 2nd Degree (all Other Larceny)
 12/31/19
400 B/O M ST SE   THEFT
Theft 2nd Degree (all Other Larceny)
 12/30/19
UNIT B/O M ST SE   BURGLARY
Burglary Two
 12/30/19
400 B/O M ST SE   THEFT
Theft 2nd Degree (all Other Larceny)
 12/29/19
UNIT B/O I ST SE   THEFT FROM AUTO
Theft (theft From Motor Vehicle)
 12/28/19
500 B/O L ST SE   THEFT FROM AUTO
Theft (theft From Motor Vehicle)
 12/28/19
700 B/O I ST SE   MOTOR VEHICLE THEFT
Theft First Degree (Stolen Auto)
 12/28/19
UNIT B/O I ST SE   THEFT FROM AUTO
Theft (theft From Motor Vehicle)
 12/27/19
300 B/O VIRGINIA AVE SE   THEFT FROM AUTO
Theft 2nd Degree (theft From Motor Vehicle)
 12/27/19
1220 HALF ST SE   BURGLARY
Burglary Two
 12/27/19
300 B/O WATER ST SE   THEFT FROM AUTO
Theft 2nd Degree (theft From Motor Vehicle)
 12/26/19
900 B/O NEW JERSEY AVE SE   BURGLARY
Burglary Two
 12/25/19
2 I ST SE   THEFT
Theft 2nd Degree (all Other Larceny) - Highway/ Road/ Alley/ Street/ Sidewalk
 12/24/19

Recent Issued Building Permits Archive  
909 4TH ST SE   
12/30/19 
MEREDITH FASCETT / KYLE YOST
SOL2000550 / CONSTRUCTION
rooftop solar pv system, less than 4' above roof
1300 4TH ST SE 912   
01/07/20 
DEBORAH J ISRAEL / DORIS A MINOR; DORIS A MINOR
B2003615 / CONSTRUCTION
REPLACE KITCHEN CABINETS
900 5TH ST SE   
01/10/20 
DISTRICT OF COLUMBIA HOUSING AUTHORITY / WILLIAM ANDERSON; WILLIAM ANDERSON
P2002846 / SUPPLEMENTAL
   
01/17/20 
DISTRICT OF COLUMBIA HOUSING AUTHORITY / WILLIAM B. CRIST; WILLIAM B. CRIST
E2003759 / SUPPLEMENTAL
82 I ST SE   
01/15/20 
GDVC EYE ST LLC / MARK G. MILLS; MARK G. MILLS
E2003664 / SUPPLEMENTAL
150 I ST SE   
01/16/20 
SQUARE 737 LLC / JASON D DORRIS
AH2000499 / 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.
415 I ST SE   
01/10/20 
MEGHAN E RILEY / DAEHO PARK; DAEHO PARK
P2002836 / SUPPLEMENTAL
300 M ST SE   
01/03/20 
FEDERAL CENTER LP / null
E2003217 / SUPPLEMENTAL
111 N ST SE   
01/17/20 
ALAN OWINGS / CRAIG KUBICZ
BCIV1900068 / CONSTRUCTION
The proposed construction on Parcel H consists of a new curb cut off of N Place, a guard house, and resurfacing of the eastern portion of the parking lot. The two existing storm inlets in the parking lot will be removed and replaced by a bioretention facility. DOEE SWMP No. 6343: N Place and First Street SE
861 NEW JERSEY AVE SE   
12/31/19 
CONSOLIDATED RAIL CORPQ / null
E2003162 / SUPPLEMENTAL
   
12/31/19 
DISTRICT OF COLUMBIA / JANE MCCRAY
AH2000399 / CONSTRUCTION
Pepco will be splicing cable at 861 New Jersey Avenue, SE, from 9PM to 7AM, Monday thru Friday.
   
01/03/20 
CSX TRANSPORTATION INC / SUSANA VAZQUEZ; JOHN MORIARTY & ASSOCIATES OF VIRGINIA LLC
TC2000014 / CONSTRUCTION
Tower Crane
1100 NEW JERSEY AVE SE 1ST FL   
01/06/20 
SQUARE 742 LLC / JAMES W. LASHER; JAMES W. LASHER
E2003296 / SUPPLEMENTAL
1100 NEW JERSEY AVE SE   
12/30/19 
SQUARE 742 LLC / RYAN FITZGERALD; NEXIUS SOLUTIONS, INC.
AN2000023 / CONSTRUCTION
AT&T proposes to replace (3) existing antennas with (3) new antennas and install (3) new antennas.
   
01/02/20 
SQUARE 742 LLC C/O WCSMITH / PATRICIA J STAUB; CDH CONSTRUCTION INC
B2001972 / CONSTRUCTION
Provide Landlord Work (warm white shell) for Tenant buildout of 1827 SF.
   
01/07/20 
SQUARE 742 LLC / ;
P2002715 / SUPPLEMENTAL
   
01/08/20 
SQUARE 742 LLC / null
P2002765 / SUPPLEMENTAL
1275 NEW JERSEY AVE SE   
01/03/20 
MILLER AND LONG / WILLIAM MOORE; MILLER LONG
TC2000016 / CONSTRUCTION
towercrane for jobsite use 1 / 25 / 2020 to 1 / 25 / 2021
71 POTOMAC AVE SE   
01/15/20 
RIVERFRONT HOLDINGS I, LLC / null
E2003671 / SUPPLEMENTAL
   
01/17/20 
MRP REALTY / JAMES VANEGAS
AH2000410 / CONSTRUCTION
Perform interior and exterior construction activities. New construction 14-story new residential multi-family building. **No loud equipment is to be used until 9am on this day.
355 WATER ST SE   
12/30/19 
UNITED STATES OF AMERICA / KELSI EVANS
TN2000035 / CONSTRUCTION
1 40' x 80 tent
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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