Within the last few days a bunch of "No Parking" signs have appeared along the north side of I Street between 1st and Half, which is the location of JPI's
70/100 I Street condo project, two buildings totalling more than 600 residential units. The signs give a date range of (get ready) Sept. 11, 2006 until March 27, 200
9. I hope they're just being cautious with a time frame--could erecting those two buildings at the same time take really that long?
70 I's building permit has been approved,
100 I's is still in process. Anyway, let's see if they start the digging in the near future.
UPDATE: About 30 minutes after I posted this, I found
an article in today's Commercial Property News about 70/100 I: "
Ground will break on the first apartment community, Jefferson at 70 Eye Street [...] this month, paving the way for the creation of a building with 448 units, a three-level underground parking facility, a fitness center, community movie theater and conference room. The project carries a price tag of $130 million. The second apartment property will cost approximately $80 million to develop. Located [at] 100 Eye St., the second development will yield 246 residences and is scheduled for an October groundbreaking." The article says that 70 I is on target to deliver in June 2008. (And you won't ever catch
me using that stupid "Eye" construct.) As for calling it the Jefferson at 70 I, I thought that the other
JPI project, on the Nexus site, was supposed to be called the Jefferson, but JPI holds it's cards close, so it's hard to know what's going on. With this and
100 M office/
1100 First Street residential projects about to start (and perhaps the
Cohen/Square 699N project too), 1st Street is going to be a zoo for the next couple of years.
UPDATE II: It looks like "Jefferson at" is actually
JPI's preferred nomenclature for their DC condo projects.