(a random before-and-after moment)
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March 3, 2011
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January 6, 2019
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8th at Virginia, Looking Northwest ( see more)
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Deeds have been recorded this afternoon indicating that the Ruben Companies has bought the two empty Exxon lots on South Capitol Street, at I Street SE and K Street SW.  The purchase of the 35,000-square-foot lot at South Capitol and I gives Ruben control of the entire block known as Square 697N; the company picked up the other 47,000 sq ft of the block back in 2009 after developer JPI defaulted on its loan for what was then the site of a Wendy's restaurant. The other lot Ruben bought from Exxon, just south of the Capitol Skyline Hotel at South Capitol and K streets SW, is about 31,000 square feet and also gives the company control of that entire block, known as Square 648, after Ruben bought the other two lots in 2005 and 2007. This now makes four sizeable sites that Ruben owns on this three-block stretch of South Capitol Street, since the company also owns 1100 South Capitol St. SE and 1101 South Capitol St. SW across the street, both of which are being marketed as office buildings. I don't know any more specifics about the sales at this point, and it's unlikely any buildings will be immediately sprouting on either site. But it is yet another bit of commercial development news that would seem to indicate that the worst of the downswing is past.
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MJM says: (7/5/11 11:28 PM)
Guess that is good news but now they can say they own them and do nothing with them for X # of years now. Hopefully they actually bought the land with an intent to build something on them. This financial crisis excuse is getting old going on three years especially in this area. Maybe we can get the companies west of the river to buy and develop since they have no problem doing that along the Orange Line unlike our companies here who can't seem to build or lease their projects. Just had to vent.
monkeyrotica says: (7/6/11 8:10 AM)
Most gas station sites are a nightmare to clean up. They're almost as bad as dry cleaners. I wouldn't look forward to any upscale eateries any time soon.
GaryRKarr says: (7/6/11 9:20 AM)
Word is they plan to put in a restaurant where the main supplies are sauerkraut, corned beef, swiss cheese and rye bread. Ruben's Reubens.
DC says: (7/6/11 9:45 AM)
MJM - your "vent" while perhaps sarcastic in nature illustrates a view devoid of reason and that is also representative of the type of "irrational exuberance" that assisted in creating the lending environment we have today - maybe going forward try thinking before venting
Gary - hilarious
NJA1000 says: (7/6/11 10:08 AM)
Are the gas stations classified as brownfields? If so, they could take a while to clean up before anything could be built on them.
MJM says: (7/6/11 1:44 PM)
DC - what I thought about is this: why are the companies that aren't present in Near-SE but are present in Arlington able to get finacing for projects in Arlington? The companies that rushed into the Near-SE land grab didn't have their books in order. FCE got hammered and just now coming back. Opus went under. Akridge - not sure what they are doing with their prime platforms. Monument's giant hole tied to Lehman. Cohen and the sculpture boxes and now rain garden (like the rain garden but that's sad you have to give land for a rain garden because you can't get money to build). We are stuck with companies in Near-SE that are still impacted by the crisis yet other parts of the city/region have companies that apparently weren't too impacted by the crisis and are building buildings like its 2007.
I would like to see companies be cautious but to buy the land and let it sit for 10 years and blame the crisis is just wrong at this point.
Alan says: (7/6/11 4:45 PM)
Well this explains the survey/property line posts and flags on the perimeter of the Wendy's lot. What I can't figure out is why DDOT removed the parking meters (concrete bases included) from Half between I and K. They also pulled the bases from the North side of I between Half and NJ Ave; the meters were never installed. Is residential parking being implemented?
jenniferp says: (7/11/11 4:25 PM)
MJM - rental rates in Arlington are going through the roof. It's the only submarket in the metropolitan area that has seen actual rent increases. These buildings under construction in Rosslyn are supposedly looking for rents in the $65+/sf range (and it may very well be higher). The Ballston project JBG has under construction only wants about $52/sf, but JBG had a tenant for one of the properties (Virginia Tech I think) and they started the project with all equity, thinking they could get debt financing after they finished the parking garage. Our rental rates for office in the new properties are in the low to mid $40's/psf which doesn't really justify new construction yet. Lerner's deal to fill his building with Bureau of Land Management was $34/psf, so at the moment he's losing a considerable amount of money on that building. We also have yet to attract "private" tenants, we're all pretty much GSA and associated contractors. They always have a lower rental threshold. I think GSA is currently capped at $48/psf in the District and after the SEC debacle, I don't think we'll see too much non-prospectus (needing Congressional approval) leasing for awhile. GSA leased a tremendous amount of space in the District over the last two years, out of the 3M SF of net absorption in 2010, they were reportedly responsible for about 2M SF of that and conventional wisdom (and the latest stats) say that gravy train is over.
Once they can get bank financing though, I'm sure they will start building again - developers are the ultimate optimists.
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DC Public School, closed in 2006, but reopening in stages beginning in 2015.Agora/Whole Foods
336-unit apartment building at 800 New Jersey Ave., SE. Construction begun June 2014, move-ins underway early 2018. Whole Foods expected to open in late 2018.New Douglass Bridge
Construction underway in early 2018 on the replacement for the current South Capitol Street Bridge. Completion expected in 2021.1221 Van
290-unit residential building with 26,000 sf retail. Underway late 2015, completed early 2018.NAB HQ/Avidian
New headquarters for National Association of Broadcasters, along with a 163-unit condo building. Construction underway early 2017.Yards/Parcel O Residential Projects
The Bower, a 138-unit condo building by PN Hoffman, and The Guild, a 190-unit rental building by Forest City on the southeast corner of 4th and Tingey. Underway fall 2016, delivery 2018.New DC Water HQ
A wrap-around six-story addition to the existing O Street Pumping Station. Construction underway in 2016, with completion in 2018.The Harlow/Square 769N Apts
Mixed-income rental building with 176 units, including 36 public housing units. Underway early 2017, delivery 2019.West Half Residential
420-unit project with 65,000 sf retail. Construction underway spring 2017.Novel South Capitol/2 I St.
530ish-unit apartment building in two phases, on old McDonald's site. Construction underway early 2017, completed summer 2019.1250 Half/Envy
310 rental units at 1250, 123 condos at Envy, 60,000 square feet of retail. Underway spring 2017.Parc Riverside Phase II
314ish-unit residential building at 1010 Half St., SE, by Toll Bros. Construction underway summer 2017.99 M Street
A 224,000-square-foot office building by Skanska for the corner of 1st and M. Underway fall 2015, substantially complete summer 2018. Circa and an unnamed sibling restaurant announced tenants.The Garrett
375-unit rental building at 2nd and I with 13,000 sq ft retail. Construction underway late fall 2017.Yards/The Estate Apts. and Thompson Hotel
270-unit rental building and 227-room Thompson Hotel, with 20,000 sq ft retail total. Construction underway fall 2017.Meridian on First
275-unit residential building, by Paradigm. Construction underway early 2018.The Maren/71 Potomac
264-unit residential building with 12,500 sq ft retail, underway spring 2018. Phase 2 of RiverFront on the Anacostia development.DC Crossing/Square 696
Block bought in 2016 by Tishman Speyer, with plans for 800 apartment units and 44,000 square feet of retail in two phases. Digging underway April 2018.One Hill South Phase 2
300ish-unit unnamed sibling building at South Capitol and I. Work underway summer 2018.New DDOT HQ/250 M
New headquarters for the District Department of Transportation. Underway early 2019.37 L Street Condos
11-story, 74-unit condo building west of Half St. Underway early 2019.CSX East Residential/Hotel
225ish-unit AC Marriott and two residential buildings planned. Digging underway late summer 2019.1000 South Capitol Residential
224-unit apartment building by Lerner. Underway fall 2019.
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1200 B/O 1ST ST SE 
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Recent Issued Building Permits
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1346 4TH ST SE
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09/11/19
FC 1346 HOLDCO I LLC / null
E1911472 /
SUPPLEMENTAL
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900 5TH ST SE
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08/30/19
CAPPER CARROLLSBURG VENTURES, LLC / DFM DEVELOPMENT SERVICES, LLC
B1906215 /
CONSTRUCTION
Reconstruction of 4-story residential building, the Arthur Capper Senior Center, damaged by fire.
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200 I ST SE
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09/04/19
DISTRICT OF COLUMBIA / ROGER L PEACE
BP1904525 /
POST CARD
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09/04/19
DISTRICT OF COLUMBIA / ROGER L PEACE
BP1904526 /
POST CARD
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09/04/19
DISTRICT OF COLUMBIA / ROGER L PEACE
BP1904529 /
POST CARD
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100 M ST SE 9TH FLOOR
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09/05/19
SQUARE 743 INC / DAVID FLEMING; DAVID FLEMING
P1909280 /
SUPPLEMENTAL
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100 M ST SE
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09/05/19
SQUARE 743 INC / FREDERICK S. DONHAM; FREDERICK S. DONHAM
P1909275 /
SUPPLEMENTAL
ONE OPEN SITE DRAIN
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250 M ST SE
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08/27/19
SQUARE 769 LLC / STEVEN CHEN
AH1901196 /
CONSTRUCTION
After hours permit is respectfully requested from 3am to 7am daily.
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09/04/19
SQUARE 769 LLC / JEFFREY D WOLF
AH1901226 /
CONSTRUCTION
After hours permit respectfully requested from 3 am to 7 am daily.
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410 M ST SE
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09/16/19
DISTRICT OF COLUMBIA HOUSING AUTHORITY / MICHAEL B. BELL; MICHAEL B. BELL
E1911625 /
SUPPLEMENTAL
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880 NEW JERSEY AVE SE
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09/20/19
880 NEW JERSEY AVENUE LLC / PATRICIA J STAUB
BP1904750 /
POST CARD
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1275 NEW JERSEY AVE SE
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09/03/19
UNITED STATES OF AMERICA / PARKER HARRELL; PARKER HARRELL
SB1900287 /
CONSTRUCTION
We propose to furnish and install fifteen (15) gravel packed wells, fourteen (14) around the perimeter, and one (1) at the elevator pit. We will also be installing 3 monitoring wells and potentially 5 contingency wells. We will only pump from up to 15 wells at a time. All wells will be located in a mutually agreed layout. The wells will be installed by advancing up to a 10.25 I.D. hollow stem auge...
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125 O ST SE
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09/13/19
DISTRICT OF COLUMBIA / FRED T FALCONE; JOSEPH SCRIBELLITO
SB1900423 /
CONSTRUCTION
Soil borings to collect samples and installed a grouted in place vibrating wire piezometer approximately 30 feet below grade. Two geotechnical soil borings to 75 feet below grade, and 3 soil borings to 20 feet below grade with 5 feet of coring though buried foundations.
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301 TINGEY ST SE C-1
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09/03/19
SEFC 160, LLC / JEFF NOLD
AH1901221 /
CONSTRUCTION
Work will occur on 3rd Street SE between Tingey St SE & Water St SE. We will be assessing and providing a CCTV inspection of a sewer line.
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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;
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| No commercial transaction records added or modified in the past two weeks. |
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The purchase of the 35,000-square-foot lot at South Capitol and I gives Ruben control of the entire block known as 
