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Near Southeast DC Past News Items: Development News
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Thompson Hotel ('20)
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Novel South Capitol ('19)
Yards/Guild Apts. ('19)
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New DC Water HQ ('19)
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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)
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The Brig ('16)
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Hampton Inn ('15)
Southeast Blvd. ('15)
11th St. Bridges ('15)
Parc Riverside ('14)
Twelve12/Yards ('14)
Lumber Shed ('13)
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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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The Bullpen, the outdoor bar and festivities spot that has operated just across the street from Nationals Park during stadium events since 2009, is making plans to open a "Beer Garden" at the northern end of their current block, at Half and M streets, SE, facing the western entrance to the Navy Yard Metro station. (See my high-quality graphic at right.) With 79 picnic tables holding eight people each, it would have a seating capacity of 632 people, and would offer draft German beers (and perhaps other European beers) along with German sausages, kielbasa, and other light (ahem) fare.
"Das Bullpen" [copyright JD] is being envisioned as having a very different atmosphere from the current Bullpen, with the beer garden not having game areas with lots of kids running around. There would be no amplified music, and it would operate during the same hours as Bullpen 1.0 (which will be remaining open this year as well). It would have its own entrance, right across from the Metro station's entrance, and would be fenced in and partially covered/tented in the same way as the existing Bullpen.
At an ANC 6D ABC subcommittee meeting tonight, a Bullpen rep explained that Akridge, the owners of the entire block bounded by M, N, Half, and Van, has informed the Bullpen owners of plans to begin construction perhaps as early as October of this year on the southern end of the block, where Bullpen 1.0 is located. (There seems to have been some sort of "hint" that if the Bullpen wants to have a shot at a permanent home in the new ground-floor retail spaces that will be available when the block is completed, they need to expand to this additional area this year.) If Akridge's plans are unchanged from what went through the zoning process a few years ago, the southern end of the block would be a 300-unit residential building with ground-floor retail. You can see renderings on my Akridge Half Street page.
As you can see on my cruddy map, there will still be substantial parking available between the two locations. (For old-timers, this new site is where WMATA's old Southeastern Bus Garage entrance was located.)
The Bullpen's lawyers are trying to determine whether this constitutes an expansion of the current operation, to allow Das Bullpen to open under their existing liquor license, or whether a new license (and then a new voluntary agreement with the ANC) will be needed. More to come, I'm sure.
UPDATE: And it should be noted that this is a completely separate venture from the Bavarian Beer Garden plans at 8th and L, SE. Beer gardens to the left! Beer gardens to the right!
UPDATE II: To clear up any confusion, they are intending to have Das Bullpen open this spring, with Bullpen 1.0 open as well through the end of the 2011 baseball season.
UPDATE III: Another clarification: The new site has no official name yet. "Das Bullpen" is purely my invention, because I wanted something catchy to describe it.
 

Both the Washington Post and the Washington Business Journal (subscribers only) came out with stories this week chronicling the rise and fall and now re-rise of Monument Realty. They both describe Monument's high-flying ways during the real estate bubble of the early 2000s with "high-risk, high-return deals and an aggressive, cowboylike approach to development that rubbed the old guard the wrong way," followed by their near dissolution thanks to the collapse of their backer, Lehman Brothers. But thanks to some new deals around the region with different financing partners, Monument appears to be rebounding.
There's not been an announcement from Monument that I've seen, but the WBJ article says that Monument has signed the Federal Aviation Administration to a 55,000-square-foot lease at 55 M Street, which I believe would bring the building to about 90 percent leased. (At the time Monument announced their deal to lease 150,000 square feet to DDOT, they said the 275,000-square-foot building's office space was 70 percent leased.)
However, in detailing what it says are $500 million in new Monument projects around the Metro area leveraged from a $10 million deal with Atlas Capital Group, WBJ makes no mention of any intentions for construction to get underway on Monument's remaining Half Street plans just north of Nationals Park. The well-known hole in the ground, dug in 2007 when 55 M was built, is eventually supposed to be 330 residential units and a 200-room hotel, which you can see a rendering of on my project page or on Monument's Half Street web site. Monument also owns all of the land on the east side of South Capitol between M and N except for the self storage building, as well as the 50 M street lot on the northeast corner of Half and M.
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More posts: 55 M St., Development News, Monument Valley/Half St., officespace
 

This has been hinted at throughout the fall, and property records now reflect that the National Community Church/Ebernezers folks have added to the Miles Glass site on Virginia Avenue they bought in August by purchasing an empty lot around the corner on 7th Street, SE, for $875,000 in December. This now gives them about 19,000 square feet of land on Parcel 906, if my math is correct.
If you look at the satellite view of the block, you can see how NCC's holdings--the Miles Glass building, the empty lot just to its west, now and this separate empty lot on 7th across from the Marine Barracks--are connected. And one certainly has to wonder if the car shop on the corner of 7th and K/Virginia, now surrounded by a single landowner, is going to be staying in that spot much longer. (The other empty lot on the block, at the lower right, is where the Bavarian Beer Garden may be going in, creating the Saints and Sinners stretch along 8th.)
If you haven't been following along, the church's head, Mark Batterson, wrote on his blog in late August about the purchase of the 8th and Virginia site, saying that church is running out of space for services and staff at Ebenezers near Union Station, and since his vision for NCC is 20 locations and more than 100 staffers, they're looking at "going vertical" and constructing a building with about 50,000 square feet of space. They have been doing some "visioning" to figure out their plans for the site, and Batterson told City Paper in November about ideas of "two performance spaces, one at about 500 seat capacity and another at a thousand, with at least one level of underground parking to handle the crowds," but nothing specific has been announced yet.
The empty lot on 7th was once going to have a small apartment building constructed on it, but was foreclosed on in 2009 and sold for $400,000 at auction.
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More posts: Development News, 8th Street, Nat'l Community Church, square 906
 

On the heels of Monday's news of a new tenant for 20 M St., SE, Lerner Enterprises has just announced another 20,000-square-foot lease, bringing the building to 97-percent occupancy. This tenant is Systems Planning and Analysis (SPA), which will be occupying the 8th floor. They are expected to move in this spring, and will join the Bureau of Land Management, Booz Allen Hamilton, and the Columbia Group as the building's office tenants; Wachovia Bank at this point is the building's only retail tenant. 20 M was completed in March 2007.
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More posts: 20 M, Development News, officespace
 

Lerner Enterprises has just passed along the news that The Columbia Group has signed a lease for 20,039 square feet at 20 M St., SE, bringing the building to about 84 percent leased. The company--which does "technical services support" for the US military--is expected to move in this spring, and will be occupying space on the 7th floor. The other tenants--the Bureau of Land Management and Booz Allen Hamilton--are expected to start moving in in January.
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More posts: 20 M, Development News, officespace
 

From Monday's WaPo Capital Business: "Real estate developers and brokers in Southeast Washington say that Kaplan has been looking for office space suitable for the opening of a law school near the Washington Nationals' baseball stadium.
"Speaking on condition of anonymity because they are not authorized by Kaplan to discuss the company's plans, the sources say Kaplan hired the real estate brokerage firm Jones Lang LaSalle and has been seeking up to 130,000 square feet in the Capitol Riverfront Business Improvement District, around the Nationals' park, so it can open a law school there in 2013."
There's not much additional meat in the story, other than saying that Akridge (which owns the Half Street block northwest of the ballpark) is one of the developers vying for Kaplan's attentions. There's certainly a number of planned office buildings that could accommodate 130,000 square feet, and maybe the credit markets have shaken out enough that a lease taking 50 percent-ish of a building would be enough to get a construction loan. But there's also the issue of whether some proposed federal aid rules might hamper Kaplan's plans for expansion. [Full disclosure: Kaplan is owned by the Washington Post Co., my corporate overlords in my non-JDLand real life.]
We shall see....
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More posts: Capitol Riverfront BID, Development News, kaplan, officespace
 

City Paper's Housing Complex blog has some new details on the plans for the Miles Glass site at 8th and Virginia by the new owners, the National Community Church (aka the Ebenezer's Coffeehouse folks). Pastor Mark Batterson says that he's envisioning "two performance spaces, one at about 500 seat capacity and another at a thousand, with at least one level of underground parking to handle the crowds. To keep the kids busy while adults are worshiping–or drinking coffee, or going to a play–there will be a large childcare center so special that they've retained the architects who created downtown Disney to design it."
They are also negotiating with adjacent parcels (which Batterson alluded to a few weeks ago, which by his description seems to include the empty lot on 7th), to make the "campus" somewhere between 50,000 and 75,000 square feet of developed space when completed. Batterson hopes to break ground within a year, with construction taking 12 to 18 months (so, probably 2013).
With a coffee house/performance space/church at the north end of the block and a beer garden at the south end, I may have to dub this spot the Saints and Sinners Stretch of 8th Street.
UPDATE, 11/18: If you've got ideas or notions for what you'd like to NCC do on this site, leave them in the comments--Mark Batterson has posted there this morning that everything's still really "up in the air" at this point, and they'd love to hear feedback.
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More posts: Development News, 8th Street, Nat'l Community Church, square 906
 

I wasn't able to attend* today's foreclosure sale of 100 M Street, but word filtered to me early this afternoon that the 220,000-square-foot office building was picked up for a cool $57 million by Northwood Investors, a real estate investment management firm based in New York City. I've been told (and I'm trying to confirm) that Northwood had bought the original loan/note from Bank of America, and then had the high bid today against one other bidder, whose identity I don't know.
This appears to be Northwood's first foray into the DC market, and the rumor is that they plan to hold 100 M and get it leased up. Perhaps the DC biz media will have more on this sale in coming days....
As I wrote about previously, this sale was for the building itself and not the land, since 100 M's developers (Opus East) never bought the land and instead paid rent to the owners. You can read more about the building's history here; it opened in late 2008 and is currently about 43 percent leased.
[*My exile from blogging is coming to an end soon, I promise--though there really hasn't been much going on this week that I feel like I've missed completely, since I have managed to tweet from time to time.]
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More posts: 100 M, Development News, officespace, Square 743N
 

A few weeks ago I wrote about the purchase of the "Miles Glass" site on the southwest corner of 8th and Virginia by the National Community Church, the "theater church" group that's also behind the rehabbed Ebenezers Coffeehouse near Union Station. Now, in a post on his blog, NCC leader Mark Batterson says that he has "just locked in another contract on an empty lot that abuts 733 Virginia Avenue, SE."
Given Batterson's description that the church will now have frontage on 7th, 8th, Virginia, and L, it would appear that the new lot under contract is the empty one directly across from the Marine Barracks on 7th, where a few years back a small developer had dreams of an apartment building, but never followed through; the lot then sold for $400,000 through a foreclosure sale last year.
Batterson says that this lot will enable NCC to add about 15,000 square feet to their final footprint--"and I don't think we're done yet." (Maybe that auto garage on the southeast corner of 7th and K is noticing that the church will soon own the land on both sides of it.)
The church is buying the properties because they're running out of space for services and staff at Ebenezers, Batterson has written. There's been no official announcement of what exactly they're planning for the site, but in a tweet to me right after I wrote about the first land purchase, Batterson said, "definitely another Ebenezers and we'd like to design a theater."
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More posts: Development News, 8th Street, Nat'l Community Church, square 906
 

While normal people have spent their weekend recreating and taking it easy, I've been trying to find out more about the just-announced foreclosure sale of 100 M, the 220,000-square-foot office building that has been tied up in Opus East's Chapter 7 liquidation.
My big question was about why this is being billed as a sale of a "60-Year Leasehold Interest," and what I've found out is that Opus never owned the land, but instead had entered into a lease with and paid rent to the landowners. (Who are the people behind "Square 743 Inc"? I'd love for someone to tell me!) When Opus's operations went south, their lender (Bank of America) stopped funding the construction loan, so contractors stopped being paid, liens were filed, bankruptcy case got ugly, etc. etc.; basically, it's been a mess.
BoA is now washing its hands of it all, and is looking to get back some amount of the $58 million currently owed on the construction loan. (The land ownership is not being foreclosed on.) I've heard that BoA contracted with CB Richard Ellis earlier this year to sell the loan, and there's speculation that BoA may have a deal with an investor already, even though the Notice of Foreclosure Sale still lists BoA as the holder of the note. This would be similar to the way JPI's empty lot at 23 I Street changed hands a year ago, with SunTrust Bank selling the note to Ruben Companies, who then instituted foreclosure proceedings and took ownership of the property when no bidders came forward.
However, while the word "foreclosure" usually conjures up feelings of doom and gloom, for 100 M this should be a step up from Opus's liquidation. Instead of continuing to be tied up with companies and lenders and courts who have no interest or wherewithal to spend the money needed to clean up the mess and to market and lease the building's office and retail spaces, there may now be at least one investor--and maybe others, if the foreclosure sale brings bidders--who feels that the building is worth taking a gamble on now for a return on investment later. (Though it's worth noting that there is not a similar feeling of optimism about any new office projects in the area any time soon, with on-spec construction still completely DOA.)
We shall see how it all shakes out.
The auction is scheduled for Oct. 28 at noon, so this building can be yours for a mere $5 million deposit and an all-cash winning bid. It's currently 43 percent leased.
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More posts: 100 M, Development News, officespace, Square 743N
 
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