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Near Southeast DC Past News Items: Oct 01, 2010
In the Pipeline
25 M
Yards/Parcel I
Chiller Site Condos
Yards/Parcel A
1333 M St.
More Capper Apts.
Yards/DC Water site
New Marine Barracks
Nat'l Community Church
Factory 202/Yards
SC1100
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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3 Blog Posts

[Great--big news at 5 pm on Friday. Hope somebody actually reads this] On Sept. 21, a notice of foreclosure sale was filed for 100 M Street SE, the 220,000-square-foot office building built by Opus East and completed in late 2008. A few months later, Opus became the biggest Near Southeast casualty of the recession, filing for Chapter 7 liquidation and leaving their 440,000-square-foot office project at 1015 Half St. unfinished. While 1015 Half was soon picked up by the Douglas Wilson Companies and is now being completed, 100 M has remained at sea, despite a rumor a year ago (quickly shot down) that Mayfield Gentry was buying it for $80 million.
The 100 M auction is scheduled for Oct. 28 at noon; I admit to being pretty clueless on foreclosures and auctions and CRE minutiae, so I don't know if the fact that it is technically an auction of a "60-Year Leasehold Interest" in the building has any significance to us lay folks. I imagine the business press will have more on this story.
According to the auctioneers, 100 M is currently 43 percent leased.
(And, by the way, the blue sky in the above image is not faked. I've never ever seen as electric blue a sky as I did the morning I took that photo.)
[hat tip to reader J]
 

Here's a bunch of little items that aren't ridiculously newsworthy, but that might be of interest. Since it's Friday and many of you actually have lives, I suggest reading a few at a time, and keep coming back over the weekend until you get through all of them. Some I've already passed along via Twitter (which you can also follow by being a Facebook Fan of JDLand), but some are surprisingly fresh. Here goes:
Top items:
* The process that will beget the new Southwest Waterfront is now underway, and SWill at Southwest: The Fabulous Blog With the Funny Name (did I get that right?) reports on this week's public meeting by the developers. Current plans call for 560 residential units, three hotels totalling 600 rooms, 840,000 square feet of office, 335,000 square feet of ground floor retail, some sort of music hall / museum / maritime education offering, 2,500 underground parking spaces in five garages, and 400-500 marina slips, with 60 percent of the site area being public space.
* Back before 1015 Half Street was a slow-to-finish office building, it was an old industrial building that in 1995 became the Capitol Ballroom and then eventually the Nation nightclub. But from its construction in 1931 until it was sold at auction in 1992, the southwest corner of Half and K was home to the J.E. Hurley Machine and Boiler Works company. And thanks to the Kinorama Flickr stream that took the Twitterverse by storm this week, here's a shot of the Hurley building, undated but probably in the early 1990s. The outlines of the more-familiar Nation building are clearly visible.
* Pastor Mark Batterson, writing about the National Community Church's purchase of the Miles Glass site at 8th and Virginia, says that they are looking at some of the adjacent properties as well. "Our current lot serves our current purposes, but when we think in twenty year terms the additional lots would give us more upside potential."
Calendar items:
* On Friday, Oct. 8, the Susan G. Komen 3-Day Race for the Cure will be holding its opening ceremonies at Nationals Park. It's not just for participants, and friends and family are also being encouraged to attend. Walkers will start arriving around 6 am, with the opening ceremony beginning (with "community stretching" at 7 am). Afterward, the participants will begin their 60-mile walk (though I can't find a map to figure out their route). More information about the opening ceremonies and race here.
* Mayor-in-Effect Vince Gray is having a series of town halls during October, with the Ward 6 one scheduled for Oct. 27 at 8:30 pm at Eastern High School, 1700 East Capitol St. NE.
Tidbits:
* Because I'm worried that the Marines' hunt for a new barracks site isn't engendering enough conversation around here, I'll point people to Norm Metzger's report on last week's Community Leadership Group meeting that I wrote about here.
* The Examiner did a Three-Minute Interview with Sam Fromartz of the Virginia Avenue Park's community garden.
* It's time once again for the Capitol Riverfront Perception Survey. Tell 'em what you perceive.
Off-Topic:
* I've written a few times about my interest in Detroit, and whether it can come back from so far down. If you haven't been following along, here's a great essay with lots of photos, written by David Byrne. (Yes, that David Byrne.) (thanks to reader EH)
* And, for the ultimate Friday time-waster, here's my bottlecap chasing cat that thinks he's a dog.
 

The first lottery of workforce-rate homes in Capitol Quarter's second phase is being held on Saturday, and EYA tells me that 62 people have been pre-certified to particpate. The units are available to households with an income between $82,800 and $119,025, along with a substantial amount of other requirements and restrictions for participating in the program. The now-completed first phase of Capitol Quarter has 42 houses that were sold under the workforce-rate program.
As for when construction on Phase II will get started, the big money financing paperwork is nearly complete, which if finished as expected within the next couple of weeks would have the first batch of houses delivered in the May/June 2011 timeframe. When finished, this second phase will add 60 market-rate, 39 workforce-rate, 17 Section 8 ownership, and 47 subsidized rental units to Phase I's tally of 61 market-rate, 42 workforce-rate, 8 Section 8 ownership, and 39 subsidized rental units.
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