Half Street Project Update

Excavation, sheeting and shoring are underway at the north end of Monument Realty’s Half Street project, with the permit for the southern end of the site expected at the end of the month. As we reported in January, Monument is planning a mixed-use project for this site, located on the eastern section of Half Street between M and N Streets SE, at the north entrance of the new Nationals stadium location. Yet another child of the ballpark-boom in Southeast’s development, the Half Street project will include a 196-room boutique hotel, approximately 320 condominium units, 275,000 s.f. of office space, and 50,000 s.f. of retail space as well as an expansion of the metro station entrance. The retail portion will have a concentration on restaurants – hopefully drawing fans to Half Street before and after games.

According to Amy Phillips, project manager at Monument, “The street will be curbless to better facilitate pedestrian activity and to accommodate festivals and markets—and is currently planned to be closed to vehicular traffic on game day.”

This “gateway” to the stadium will deliver retail and office space for tenant improvements in April 2009 and residential and hotel space in August of the same year. Sales by Capital Residential Properties will begin this fall.