Since January, 2003
            
 (a random before-and-after moment)
July 16, 2009
March 29, 2015
4th at Tingey, Looking Northeast (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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Recent Crime Incidents Archive  
1100 B/O NEW JERSEY AVE SE   THEFT
Shoplifting
 09/13/19
300 B/O M ST SE   MOTOR VEHICLE THEFT
Theft First Degree (Stolen Auto)
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400 B/O L ST SE   THEFT
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400 B/O M ST SE   THEFT
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Shoplifting
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1100 B/O NEW JERSEY AVE SE   THEFT
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 08/18/19

Recent Issued Building Permits Archive  
1300 4TH ST SE   
08/20/19 
YAAN REAL ESTATE LP / MITCH A. PERMUY; MITCH A. PERMUY
E1910356 / SUPPLEMENTAL
1346 4TH ST SE   
09/11/19 
FC 1346 HOLDCO I LLC / null
E1911472 / SUPPLEMENTAL
900 5TH ST SE   
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.
150 I ST SE   
08/20/19 
null
E1910665 / SUPPLEMENTAL
200 I ST SE   
09/04/19 
DISTRICT OF COLUMBIA / ROGER L PEACE
BP1904525 / POST CARD
   
09/04/19 
DISTRICT OF COLUMBIA / ROGER L PEACE
BP1904526 / POST CARD
   
09/04/19 
DISTRICT OF COLUMBIA / ROGER L PEACE
BP1904529 / POST CARD
419 K ST SE   
08/21/19 
FAROOQ A MITHA / null
E1910733 / SUPPLEMENTAL
100 M ST SE 20003   
08/21/19 
PARSONS / null
E1910735 / SUPPLEMENTAL
100 M ST SE 9TH FLOOR   
09/05/19 
SQUARE 743 INC / DAVID FLEMING; DAVID FLEMING
P1909280 / SUPPLEMENTAL
100 M ST SE SUITE 910   
08/22/19 
SQUARE 743 INC / null
E1910764 / SUPPLEMENTAL
100 M ST SE   
09/05/19 
SQUARE 743 INC / FREDERICK S. DONHAM; FREDERICK S. DONHAM
P1909275 / SUPPLEMENTAL
ONE OPEN SITE DRAIN
250 M ST SE   
08/26/19 
null / ;
P1908962 / SUPPLEMENTAL
   
08/27/19 
SQUARE 769 LLC / STEVEN CHEN
AH1901196 / CONSTRUCTION
After hours permit is respectfully requested from 3am to 7am daily.
   
09/04/19 
SQUARE 769 LLC / JEFFREY D WOLF
AH1901226 / CONSTRUCTION
After hours permit respectfully requested from 3 am to 7 am daily.
861 NEW JERSEY AVE SE   
08/26/19 
CSX TRANSPORTATION, INC / ; N/A; TBD
R1900100 / CONSTRUCTION
RAZE 1 STORY WOOD FRAMED STRUCTURE
1275 NEW JERSEY AVE SE   
08/20/19 
UNITED STATES OF AMERICA / JUSTIN BELLOW; JUSTIN BELLOW; TBD
BCIV1900130 / CONSTRUCTION
Civil permit for grading, site demo, and installation of sediment erosion control measures Site utilities, provide property. Stormwater management will be under subsequent permits.
1100 NEW JERSEY AVE SE   
08/22/19 
SQUARE 742 LLC / null
E1910802 / SUPPLEMENTAL
1275 NEW JERSEY AVE SE   
08/23/19 
UNITED STATES OF AMERICA / ROBERT K WILLETT; ROBERT K WILLETT
E1910857 / SUPPLEMENTAL
   
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...
125 O ST SE   
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.
301 TINGEY ST SE C-1   
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.
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  
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Project Directory
Completed
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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