A few hours ago, I was cruising across 295 near Nationals Park, checking out the skyline of new buildings, and trying to get a better view of the stadium. Just a few minutes before, I’d taken in Post reporter David Nakamura‘s two pieces about Southeast development, the Lerner family, and the baseball team’s lackluster performance—-on the field and in the financial department. The first story covers the ongoing disputes over payments to the city government, and the disappointing level of sales taxes generated during the first season. The second story details the plight of the Lerner family’s 10-story complex at 20 M St. SE, a block north of the baseball stadium, which remains mostly empty—-much like the rest of the area…
“At 1100 First St., the Onyx Apartments had two helium balloons attached to a “Move In Now” sign on the sidewalk as window washers hung from ropes on the side of the building.
On the other side of the street, Velocity Capitol Riverfront condos featured a placard with a phone number for potential buyers. And the Capitol Hill Tower building at New Jersey Avenue and L Street had a window sign announcing that “restaurant spaces” are available.
Along Half Street, which leads from the Navy Yard Metro station into the ballpark, Monument Realty is finishing up an office building that is to open next year.”
I haven’t properly explored the Southeast waterfront. But during a recent sit-down with an exclusive buyer’s agent, I asked about the neighborhood. Her response (and I’m paraphrasing here): I tell my clients if they like it over there, they should go for it. But, if they’re waiting for it develop, they shouldn’t hold their breath. It’s not going to transform in the next few years. It is what it is.
I blame the guy or gal who named the condo building *Velocity* Capitol Riverfront. What a jinx!
Photo by Afagen
Correction: Even as the comments came in on this one, I failed to notice that I’d made a significant mistake with this post. The Nationals Park neighborhood is on the boundary of Southwest and Southeast, but it is definitely Southeast, not Southwest, as was stated several times in a previous version of this story. I have since made corrections. (October 3)