A slowing economy and the collapse of credit markets have halted the much-anticipated development of retail, restaurants and other projects in the area around the Washington Nationals' new stadium in Southeast . . .Things are tough all over.
. . . Along M Street Southeast and to the east and north of the ballpark, shovels have not hit the ground on several vacant plots. Plans for new office buildings, including 250 M St., 401 M St. and 1111 New Jersey Ave., are on hold while developers who once were able to build without a single signed tenant now must show a large stack of executed leases in order to obtain financing . . .
. . . The struggles of office developers may not directly impact baseball fans, but the lack of new workers in the area has slowed the development of the retail and restaurants that fans are eager to visit on game days.
Wednesday, October 29, 2008
Nationals Park to Remain an Island For Some Time
Not surprising, but no less depressing for folks hoping that the Nats' new stadium would anchor a vibrant business, residential, and commercial district any time soon: