One of our favorite DC historical websites, Streets of Washington, provides the full run down on the history of the Masonic Temple on the northwest corner of 9th and F Streets NW. It’s one of the older surviving buildings in the downtown/Penn Quarter neighborhood and it remains in mint condition. We call it an anchor building because it can be readily identified in historic photos of the neighborhood. The building currently has a McCormick and Schmick’s (901 F St NW) restaurant on the ground floor.
By e-mail we were notified of the next Penn Quarter Neighborhood Association breakfast meeting. An RSVP by noon Friday, March 20, is requested to attend the meeting. There is no cost to attend. Please indicate if you heard of this meeting from Penn Quarter Living:
Penn Quarter Neighborhood Association Breakfast Meeting
Tuesday, March 24, 8:30am
Continental Breakfast: 8:30 – 8:55am
Brief Announcements: 9:00am
Speakers + Topic
EquityEats is a DC-based equity crowd funding platform that connects existing and potential restaurants, bars, and coffee shops with hundreds of local investors, many who never previously invested in a new business venture. Itself crowd funded by 340 DC investors, Prequel is EquityEats’ new restaurant pop-up complex in the former LivingSocial event space in Penn Quarter. Johann will tell us lots more about EquityEats and Prequel and what to anticipate at 918 F Street.
Ed. Note: We learned that Prequel exceeded its $200K funding level. A few more details follow about Prequel…
- Prequel is a five-story, 17,000-sq-ft restaurant pop-up “multiplex” opening at 918 F Street NW this spring.
- Will host up to five restaurant pop-up concepts at one time
- Will bring together the city’s most talented and promising chef-entrepreneurs under one roof
Please respond if you plan on attending this meeting as it will help our host prepare. RSVP via email to my new email address by noon Friday, March 20: Jo-Ann[at]PennQuarter.org
Include the first and last names of all those attending and their affiliations.
One of our regular PQ Living readers sent us an update regarding Monday’s ANC 2C meeting and the proposal to lease 477 H St NW to a burlesque club called Royal Jelly announced at the February ANC meeting. It was announced at the March meeting that Douglas Development no longer intends to lease the property to the company proposing the burlesque club. We’ll keep our eyes out for any further developments on the property.
While meeting with some out of town clients over drinks at Old Ebbitt Grill (675 15th St., NW) last night, one of my guests asked “Is it true that this bar is where the British soldiers sat drinking beer watching the White House burned?” I was embarrassed that I had no idea if this was true or not. Based on the history of Old Ebbitt on their own web site, I don’t think so. Interestingly, though, Old Ebbitt Grill, founded in 1856, is the oldest saloon in Washington. The original location is thought to have been much closer to PQ, on the edge of Chinatown. Old Ebbitt moved to its current location on 15th Street in 1983. Popular with locals and tourists alike for its raw bar and burgers, next time you visit, take a moment to revel in the bar’s history of entertaining the likes of Presidents McKinley, Ulysses S. Grant, Andrew Johnson, Grover Cleveland, Theodore Roosevelt and Warren Harding, and probably a “redcoat” or two over the years!
Mexico – March 2-15
Oyamel‘s (401 7th St., NW) Tequila & Mezcal Festival
The Bahamas – March 17
Out of Nothing, An Event to Support Emerging Bahamian Artists
District Architecture Center (421 7th St., NW)
Ed. Note (3/3): This comparison is meant for comparing CityCenter condos with condos where parking is not available for sale in the building being compared. A few Penn Quarter condos do not have parking spots available for sale and residents must rent their parking spots on a monthly basis in those buildings as there is no other choice.
We are now starting to see CityCenter condos come back onto the resale market after initial sales by the developer’s sales agent. One such unit caught our eye because it’s indicative of a nice, solid unit at The Residences at CityCenter and it’s an interesting condo fee comparison to other 2 bedroom units in the area.
Unit 904 at 925 H Street NW is a 2 bedroom, 2 1/2 bathroom unit at CityCenter facing south and including 2 parking spaces. The condo fee is $1,280 per month and the asking price is $1.215M, 5.9% above its initial sales price of $1.417M. That will cover most of a realtor’s traditional 6% commission for the sale although it will still leave the seller with a small loss at settlement due to the 1.45% transfer fee required by the city government (this also depends on other items negotiated as a part of a sale transaction).
How does this compare to other units? The condo fee seems high but if you factor in that each parking space rents for $250 per month (or more) in a few condo buildings around Penn Quarter, the netted out condo fee is actually $780 per month which compares favorably with many of the other 2 bedroom, 2 bathroom units of this size in the area. Sometimes it does look better the second time around.
From the Penn Quarter Neighborhood Association, we learned about the Navy Memorial’s new centennial celebration of the Navy Reserve.
U.S. Navy Memorial – Exhibit Opening
Year of the Navy Reserve: A Centennial Celebration
Tuesday, March 3, 9:30 am
The public is invited to view this exhibit mounted in honor of the Navy Reserve’s 100th anniversary. Featuring ship models, rare historical artifacts, artwork, and recruiting posters, the exhibit will showcase the history of the Navy Reserves, its current mission, and its goals for the next century. Throughout the year, special presentations will highlight the range of roles reserve sailors have played throughout history.
On Exhibit through April 2016
U.S. Navy Memorial
701 Pennsylvania Avenue, NW
Metro: Archives-Navy Mem’l-Penn Quarter