Since January, 2003
            
 Page Through from Before to After

From the Examiner, at the very end of an article about the mayor's amended 2010 budget (which "slashes previously approved earmarks, hikes fees, and eliminates numerous capital projects to close a projected $150 million shortfall"): "And the mayor is seeking council permission to spend $85 million on the outright purchase of 225 Virginia Ave. SE, an empty, 421,000-square-foot warehouse that the city has leased for $546,000 a month since mid-2007. The Fenty administration, having ditched earlier plans to use the building, has failed to find anyone willing to take over the lease, which has now cost the city more than $13 million."
If you want to wander through the budget yourself, it's online. In the Fiscal Year 2010 Budget Support Amendment Act in the Nature of a Substitute*, there is on page 44 Subtitle X, "Purchase of 225 Virginia Ave. SE," with this wording, should the council choose to approve it: "[T]he Council approves the exercise by the Mayor of the purchase option contained in the District's sublease dated December 15, 2006 between Washington Telecom Associates, LLC, as sublandlord, and the District of Columbia, as tenant, for the real property located at 225 Virginia Avenue, S.E., known for tax and assessment purposes as Lots 21, 36, 37, and 831 in Square 766 (the "Property"), and the Mayor may enter into a contract to purchase the Property in an amount not to exceed $85 million, exclusive of the costs of settlement, subject to the availability of budgeted and appropriated funds."
Also, in Chapter 2 of the Agency Budget Chapters, on page 442, you'll find this: "Within the past year, the District twice reached tentative agreements with private entities to assign the District's rights and obligations with respect to unoccupied leased property at 225 Virginia Avenue, SE. In large part, due to the dramatic slowdown in real estate markets and, particularly, the scarcity of affordable credit for real estate transactions, the tentative agreements failed to result in the transfer of the District's lease for this building. The District now plans to prepare the building for a public purpose."
Right now I don't know anything more than this--don't know what plans the city has for the buildings, and don't know how excited the council is going to be to spend $85 million on it when cutting jobs and services elsewhere in the city's budget. But maybe there's some sort of accounting sleight of hand that my unbudgetary mind isn't familiar with. (Bonds? PILOT/TIF funds from projects elsewhere in the city? Bake sale?) The current assessed value for the four lots that make up the site is just a smidgen under $84 million.
If you want to stroll through the tales of this building back to the first news of the city's lease, you can read my previous 225 Virginia blog entries, and/or check out my project page with photos and links.
Comments (9)
   
 
 More About 225 Virginia/Old Post Plant/200 I

JDLand.com Home

Comments

MJM says: (7/19/09 3:55 AM)
Why do I have a weird feeling that given the way DC runs it govt that it will purchase the building, tear it down and then build something new on the same spot?


SomethingBetter says: (7/19/09 9:09 PM)
If the city plans to buy it and then sell it later for a profit, that makes sense.

I certainly hope they don't turn it into a city government building. The cost of renovation isn't figured into the $85M and who knows what other costs there are.

Also, the surrounding buildings will be mainly residential and not a good place to locate a municipal building


G St says: (7/20/09 10:49 AM)
JD - do you have photos from inside this tomb? Thx


JD says: (7/20/09 11:03 AM)
Nope, no pics from inside. Yet!


Scott says: (7/20/09 11:49 AM)
That building is like the Wonka factory recently. About two dozen kids or more on the "Mayor's Conservation Corps" enter every day, work on something (supposedly) for several hours, then leave. What are they doing? Does anyone know? I thought they might be cleaning out debris until I realized there haven't been any dumpsters being filled up outside.

Are they cleaning floors with toothbrushes? Wandering the halls?


Justin says: (7/20/09 2:25 PM)
Growing hydroponic ... things.


G St says: (7/20/09 4:20 PM)
Perhaps Mayor Fenty will be moving into this structure? Think of the parties he could hold there! (And only a short walk to Cornerocopia and 5 Guys).


Scott says: (7/20/09 4:40 PM)
Maybe growing hydroponic things in 225 VA Ave is Fenty's short-term solution to the DC budget crisis.


SomethingBetter says: (7/20/09 11:27 PM)
$85M to buy and $85M to renovate that building! There's got to be a better way to spend $170M of DC taxpayers money.

Hopefully the terrible conditions in lending wil save the city from itself.

Add a Comment:

Comments are closed for this post.

JDLand Comments RSS Feed


 More News


See All Current News Items | Full Blog Archive

 
 Recent Posts

sharksfansd on Meet the New: Kilwins opened up yesterday across from Nats Park. Didn't wind up going in, but ...
dcgent on Meet the New: I don't have a WBJ subscription but fyi Felice Development buys big Southeast de...
rpb on Meet the New: Taxi garage at New Jersey & L is being demolished today. Guessing the old Ea...
JD on Meet the New: Emmy Squared Pizza opening Friday at 5 pm at its space at 4th and Tingey, sez @t...
Andres4Mayor on Meet the New: Varnish Lane nail salon coming to the former GNC space.
Andres4Mayor on Meet the New: AT&T store now open in the former Capital One Bank space. Just a Verizon sto...
Get JDLand Updates In Your Inbox!



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  
1300 4TH ST SE 1001   
02/22/21 
AP BOWER RETAIL LLC / null
E2104231 / SUPPLEMENTAL
1346 4TH ST SE APT 1M   
02/06/21 
null / NA NA NA
EHOP21945129 / HOME OCCUPATION
1331 4TH ST SE R-2   
02/08/21 
FC 1331 LLC / FC 1331 LLC
BP2101814 / POST CARD
10 I ST SE   
02/16/21 
CAPITOL HILL RACQUET CLUB / NA; VICTORIA STEINHOFF
SB2100112 / CONSTRUCTION
Installation of up to six (6) 3-inch diameter direct-push Geoprobe borings to depths of up to 30 feet below grade as part of an environmental assessment.
555 L ST SE   
01/29/21 
UNITED STATES OF AMERICA / RENNE WELL; RICK HARLAN SCHNEIDER
B2102004 / CONSTRUCTION
DGS PROJECT REHABILITATION+RESTORATION OF THE HISTORIC LINCOIN FIELDHOUSE
861 NEW JERSEY AVE SE 20003   
02/23/21 
809-853 NEW JERSEY AVE ACQUISITION LLC / SUSANA VAZQUEZ
AH2100728 / CONSTRUCTION
Dismantling of tower crane.
809 NEW JERSEY AVE SE   
02/11/21 
GREYSTAR GP LLC 809-853 NEW JERSEY AVENUE ACQUISITION LLC / null
E2103926 / SUPPLEMENTAL
853 NEW JERSEY AVE SE   
02/11/21 
GREYSTAR GP LLC / null
E2103924 / SUPPLEMENTAL
861 NEW JERSEY AVE SE   
02/05/21 
GS CSX HOTEL OWNER LLC / null
E2103762 / SUPPLEMENTAL
1275 NEW JERSEY AVE SE   
02/02/21 
FC 1275 NJ LLC / null
E2103662 / SUPPLEMENTAL
   
02/11/21 
FC 1275 NJ LLC / null
P2103445 / SUPPLEMENTAL
848 SOUTH CAPITOL ST SE   
02/16/21 
CXS TRANSPORTATION INC / VICTORIA STEINHOFF; TBD
SB2100111 / CONSTRUCTION
Installation of up to six (6) 3-inch diameter direct-push Geoprobe borings to depths of up to 30 feet below grade as part of an environmental assessment.
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





                  © Copyright 2021 JD.