Dear PoP – What’s Going on with the Perseus Project at 14th and W Streets, NW?


“Dear PoP,

I was wondering about the Perseus “14W” development at 14th and W. Any word on its status? Last things I could dig up on the internet about it were from 2008 (supposed to be complete by 2010). Thanks!”

I gave an update back in April, ’09 where they basically said it’s not going forward until the economy gets better. They have not responded to my most recent emails. I’d say that doesn’t bode very well for the near term of this particular project.

17 Comment

  • I’m still worried that their using this facility to train telepathic commanders to lead cloned super-soldiers…

  • I thought Jim Graham got the developers help from the city to get the project back on track.

    • Yes, several million (seven I think) in tax breaks…So now not only are they getting tax breaks from the city, but they still aren’t building the project and based on what “eva” noted below, they aren’t even maintaining the unconstructed properties…

  • Is the YMCA next door part of this project? I walk by that site every day and am so tired of seeing all the trash/beer bottles/etc. that’s dumped around the perimeter.

  • Well, when it comes to projects like this one, the economy hasn’t gotten any better, and probably won’t in this area for at least a few more years.

  • Not sure I agree, I mean there are barely any condos left to buy in the neighborhood now that Union Row is sold out. I bet if they built the project now, within the year or so it would take to complete, they’d be able to sell it out pretty easily.

  • Agreed with Rock Creek. Look at how quickly CityScape, Solea, and Moderno sold out. Aside from the newly reopened Floridian and the brutalist (and therefore polarizing) Lacey, there’s not really anything left.

    • Many of the units within these projects are selling at reduced market level prices, and far too many sadly below the cost of construction and development in 2010.

      • Not so sad if you’re in the market for one.

        • Agreed. I was happy to buy one at “reduced market level prices.” That the units were overpriced does not mean that they were unprofitable. And I highly doubt the developers would have sold very many units below cost…they’d be bankrupt.

      • You say “reduced market level prices,” I say “actual market level prices.” They weren’t selling when they were priced higher. Hence the higher price was a pipe dream, and if the developer could only make ends meet at the higher price, then the project shouldn’t have been built, and I hope the developer is now bankrupt.

  • It’s a sign of the times, and not a good one.

    The difference between the public sector and the private sector has been blurred by far too many people in public office.

    Lending requirements for private development have risen to unreachable levels for many; postponing many private sector projects.

    Couple that with the extremely high cost of urban construction within a city government inhospitable to small private investment and development, and you have the unhealthy environment we are living in in 2010.

    From the roof top of your Washington home or office building, count how many construction cranes you can see around the city. If you can find one, it’s a public sector government project.

    The public sector continues to grow unsustainably, with declining tax revenue from the private sector.

    The private sector is in in a severe, unhealthy decline.

    We all need the private sector to expand. Sadly, that isn’t happening in 2010. The situation is much worse in cities and municipalities that are not our nation’s capital.

  • Does anyone know what’s going on with the level of crime on the other side of 14th and W by the Section 8 housing? I have noticed a cop stationed there every few days. Will they increase the presence of the police? There are way too many drug dealers.

    • They made a couple of drug busts a while ago, and the teenagers that were selling drugs there got moved to other homes. So the police are optimistic that they nabbed the touble makers and that there won’t be much more trouble from that block in the near term. All this info was my recollection from a public briefing the police gave to a community group 1-2 weeks ago that I attended. They made it sound like the cop wasn’t stationed there anymore, but, if there is one, I’d guess it’s just residual citizen complaints. The police district in this neighborhood is very proactive (in my opinion; I live within the district).

  • Unfortunately, I have recently seen one too many drug deals go down on the street. That might explain the resurgence of police presence. Thanks for the info though!

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