Since January, 2003
            
 (a random before-and-after moment)
April 2, 2006
August 3, 2008
South Capitol at O, Looking South-Southeast (see more)

WBJ reports today that three developers have submitted proposals to WMATA for projects on what's known as the Navy Yard Chiller Plant site, on the southwest corner of Half and L, SE.
Sayeth Michael Neibauer: "Akridge wants to build office there. Trammell Crow has bid to construct a residential building, as has a joint venture of MRP Realty and CAS Riegler. All three buildings feature ground floor retail."
Apparently the next step will be public forums "to gauge community interest" in the proposals, and WBJ says that Metro is looking to make selections as soon as mid-summer.
This is not the first time that WMATA has looked to redevelop this 14,000-sq-ft parcel, but a two-year negotiation with Donatelli broke off in 2010 when the developer pulled the plug on a planned 84-unit condo building, saying that the neighborhood was "getting saturated" with residential and that "it didn't look like condominiums were a viable alternative."
WMATA has been looking to get this lot developed since 2006, and you can relive all the twists and turns through my many posts on the subject.
Most likely any developer chosen would buy the 7,700-sq-ft lot with the two-story building next door (which has a big For Sale sign draped on its western side) to expand the site. (That building has quite a history, for those who weren't around for my post on it back in 2010.)
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Comments

ValveetaChz says: (3/25/14 6:53 PM)
Seriously? Akridge? How about they finish the Half Street Project first before they take on anything new in Navy Yard???


dbt says: (3/26/14 1:25 PM)
I had exactly the same thought about Akridge. You would think that turning a low-revenue property (Half Street) into a high-revenue one by building something would trump buying more property to sit on, but it seems you'd be wrong in their case.


SWag says: (3/26/14 1:41 PM)
With all the visitors that come up and down half street every home game, and the 1,000 or so new residents the city is adding every month - you would think the Half St residential parcels would have no problem leasing/selling out! Navy Yard is hot! Helloooo? What exactly is the hold up? I don't know the history of Half St. development. I suppose I easily just snoop around on the site, but anyone have a quick history?

Also, I can see the logic in developing an office building on the chiller site, and not the mega project.


ZoolanderANDtheBoYz says: (3/26/14 2:38 PM)
It is a mystery. I think it has to do with Lehman brothers.
Lehman brothers was the financier for both Monument and Akridge on the half street project. I am not sure what kind of legal dispute Akridge have on the half street project. Unless JD is keeping the story to herself - All we can do is speculate and come up with our conspiracy theory.


JD says: (3/26/14 2:49 PM)
I don't think that's right about Lehman being involved in the Akridge side of Half Street--I don't ever remember Lehman being mentioned in concert with Akridge, only with Monument. And as far as I know there's no legal issue right now with Akridge's development. (Briefly there was a lawsuit by Monument when Akridge was awarded the Southeastern Bus Garage site, but that's been long over with.)

Monument got dealt a blow with both the economic collapse and the concurrent collapse of their money folks, Lehman. There's been some disentangling going on between those companies, though I think that's done now.

Both Monument and Akridge also bought their land at the very height of the market.

There were rumors at one time that Akridge was/is holding out for building the entire site at once, and since they aren't getting the office space leased, they can't move forward.

Beyond that, I don't really know what the deal is. Maybe someone more on the inside of CRE has some insight.


JD says: (3/26/14 2:53 PM)
I should also say, though, that I do hear through the grapevine that some financing types do look at the neighborhood and feel that it is perhaps getting a bit bubbly for residential. Might not be quite so easy to get financing when the banks see all the units currently under construction....



MJM says: (3/26/14 3:17 PM)
They are missing out if they don't build residential. As mentioned above the new people have to live somewhere. Condos have no problem going up elsewhere in the city. Akridge is probably the worst choice to build there. I can't think of another company in Dc that owns so many vacant plots of land. They are probably eyeing that spot as an extension of the Fairgrounds for the next five years until they can get financing to build.


JES says: (3/28/14 11:38 AM)
Bullish on residential?

link


JES says: (3/28/14 11:39 AM)
*Bubblish, excuse me

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150 B/O L ST SE   MOTOR VEHICLE THEFT
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500 B/O L ST SE   THEFT FROM AUTO
Theft (theft From Motor Vehicle)
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Recent Issued Building Permits Archive  
1100 2ND PL SE   
08/06/19 
DC WATER / JEFF NOLD
AH1901095 / CONSTRUCTION
CCTV inspection of Sanitary Sewer sytem at the corner of 2nd Place and L Street SE.
808 3RD ST SE   
07/29/19 
LAURA R JENKINS / BRANDON K. VIERNES; BRANDON K. VIERNES
M1903669 / SUPPLEMENTAL
913 4TH ST SE   
08/07/19 
JANE SESSA / KYLE YOST; KYLE YOST
SOL1901388 / CONSTRUCTION
rooftop solar pv system, less than 4' above roof.
   
08/14/19 
JANE T SESSA / null
E1910482 / SUPPLEMENTAL
1331 4TH ST SE 719   
08/07/19 
null / NA NA NA
EHOP19936898 / HOME OCCUPATION
1346 4TH ST SE   
07/24/19 
FC 1346 HOLDCO I LLC / null
P1908097 / SUPPLEMENTAL
1346 4TH ST SE 20011   
08/16/19 
FC 1346 HOLDCO 1 LLC / null
E1910605 / SUPPLEMENTAL
312 K ST SE   
08/05/19 
HENRY LOWNDES MAURY TRUSTEES / null
E1910076 / SUPPLEMENTAL
   
08/07/19 
HENRY L MAURY / BJORN FALK; ANTHONY COLELLA
SOL1901686 / CONSTRUCTION
Install 6.54 solar PV system using 20 327-watt solar panels, roof mounted, with micro-inverters.
100 M ST SE   
07/29/19 
SQUARE 743 INC / KIM MITCHELL; MONUMENT REALITY
B1909745 / CONSTRUCTION
CONSTRUCTION OF OFFICE SPACE ON THE 7TH FLOOR - MULTI TENANT FLOOR IN AN EXISTING OFFICE BUILDING. THE SPACE IS IN SHELL CONDITION, NOT PREVIOUSLY OCCUPIED. THIS IS AN EXPANSION OF AN EXISTING TENANT ON THE 7TH FLOOR
   
08/06/19 
SQUARE 743 INC / PAUL THIEBERGER; PAUL THIEBERGER
P1908468 / SUPPLEMENTAL
   
08/16/19 
SQUARE 743 INC / BRIAN QUINN; NA
B1911537 / CONSTRUCTION
Interior renovation for new tenant in existing office space on partial area of the 9th floor.
300 M ST SE   
08/08/19 
FEDERAL CENTER LP / MIKE BOONE
AH1901148 / CONSTRUCTION
PEPCO-WO#15676746 / 02-ALLEN / CHESTER-CREWS WILL BE INSTALLING CABLE. 300 BLK M ST SE 400 BLK M ST SE 400 BLK TINGEY ST SE 1200 BLK 4TH ST SE THEY WILL BE TAKING PARKING LANE AND MIDDLE LANE M-F 11PM-7AM
800 NEW JERSEY AVE SE   
08/14/19 
NEW JERSEY AT H LLC / null
E1910458 / SUPPLEMENTAL
861 NEW JERSEY AVE SE   
08/07/19 
809-853 NEW JERSEY AVE ACQUISITION LLC / JOSEPH M MAGNOLIA; JOSEPH M MAGNOLIA
P1908508 / SUPPLEMENTAL
   
08/08/19 
GRAYSTAR GP 11,LLC / KIM MITCHELL
SH1900015 / CONSTRUCTION
Support of excavation for entire site for two below grade parking levels
   
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GRAYSTAR GP 11 LLC / MITCH A. PERMUY; MITCH A. PERMUY
E1910454 / SUPPLEMENTAL
   
08/14/19 
GRAYSTAR GP 11 LLC / MITCH A. PERMUY; MITCH A. PERMUY
E1910455 / SUPPLEMENTAL
1100 NEW JERSEY AVE SE   
07/26/19 
SQUARE 742 LLC / WILLIAM SNODDY; TBD
B1911194 / CONSTRUCTION
Tenant Finish Out. Existing Condition to be demolished and new office space built to tenant's standards. Office consists of open office and private offices.
   
07/30/19 
SQUARE 742 LLC / null
P1908231 / SUPPLEMENTAL
   
08/06/19 
SQUARE 742 LLC / ;
P1908470 / SUPPLEMENTAL
   
08/06/19 
SQUARE 742 LLC / null
M1903804 / SUPPLEMENTAL
520 TINGEY ST SE   
08/12/19 
US GENERAL SERVICES ADMINISTRATION / JOHN WICKLIFFE; NA
TN1900153 / CONSTRUCTION
Install 100ft x 90ft Tent No Cooking, No Propane, No Stages, No Smoking Installed Aug 16, 2019 - Feb 9, 2020 Events Daily 8:00 am - 10:00 pm
227 TINGEY ST SE   
07/31/19 
UNITED STATES OF AMERICA / BILL SAUNDERS; BILL SAUNDERS
P1908289 / 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;

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