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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 DJ+9DGR4pnRp3i+z1QE2O85nSVBJYae6shWoB5vqKU2fQnKDwUWXFA1243FNzbJT
 jBOsEMx9TUFCRoF0y9yrnw==

<SEC-DOCUMENT>0000919574-04-002077.txt : 20040720
<SEC-HEADER>0000919574-04-002077.hdr.sgml : 20040720
<ACCEPTANCE-DATETIME>20040720161416
ACCESSION NUMBER:		0000919574-04-002077
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20040716
FILED AS OF DATE:		20040720

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			PENINSULA CAPITAL ADVISORS LLC
		CENTRAL INDEX KEY:			0001265816

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-21091
		FILM NUMBER:		04922207

	MAIL ADDRESS:	
		STREET 1:		404B EAST MAIN STREET
		CITY:			CHARLOTTESVILLE
		STATE:			VA
		ZIP:			22902

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			PENINSULA INVESTMENT PARTNERS LP
		CENTRAL INDEX KEY:			0001130325

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-21091
		FILM NUMBER:		04922208

	BUSINESS ADDRESS:	
		STREET 1:		404B EAST MAIN ST.
		STREET 2:		2ND FL.
		CITY:			CHARLOTTESVILLE
		STATE:			VA
		ZIP:			22902

	MAIL ADDRESS:	
		STREET 1:		404B EAST MAIN ST.
		STREET 2:		2ND FL.
		CITY:			CHARLOTTESVILLE
		STATE:			VA
		ZIP:			22902

	FORMER NAME:	
		FORMER CONFORMED NAME:	PENINSULA PARTNERS LP
		DATE OF NAME CHANGE:	20001220

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			FIRST AVENUE NETWORKS INC
		CENTRAL INDEX KEY:			0001010286
		STANDARD INDUSTRIAL CLASSIFICATION:	RADIO TELEPHONE COMMUNICATIONS [4812]
		IRS NUMBER:				521869023
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		230 COURT SQUARE
		STREET 2:		SUITE 202
		CITY:			CHARLOTTESVILLE
		STATE:			VA
		ZIP:			22902
		BUSINESS PHONE:		434 220 4988

	MAIL ADDRESS:	
		STREET 1:		230 COURT SQUARE
		STREET 2:		SUITE 202
		CITY:			CHARLOTTESVILLE
		STATE:			VA
		ZIP:			22902

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ADVANCED RADIO TELECOM CORP
		DATE OF NAME CHANGE:	19960503
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>p500597_ex.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2004-07-16</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0001010286</issuerCik>
        <issuerName>FIRST AVENUE NETWORKS INC</issuerName>
        <issuerTradingSymbol>FRNS</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001130325</rptOwnerCik>
            <rptOwnerName>PENINSULA INVESTMENT PARTNERS LP</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>404B EAST MAIN ST.</rptOwnerStreet1>
            <rptOwnerStreet2>2ND FL.</rptOwnerStreet2>
            <rptOwnerCity>CHARLOTTESVILLE</rptOwnerCity>
            <rptOwnerState>VA</rptOwnerState>
            <rptOwnerZipCode>22902</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001265816</rptOwnerCik>
            <rptOwnerName>PENINSULA CAPITAL ADVISORS LLC</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>404B EAST MAIN STREET</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>CHARLOTTESVILLE</rptOwnerCity>
            <rptOwnerState>VA</rptOwnerState>
            <rptOwnerZipCode>22902</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2004-07-16</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>S</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>205000</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>7.40</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>6710414</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>Footnote</value>
                    <footnoteId id="F1"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">These securities are held in the account of Peninsula Investment Partners, L.P. (f/k/a Peninsula Capital Partners, L.P.)(the
&quot;Partnership&quot;) for which Peninsula Capital Advisors, LLC (&quot;Peninsula Advisors&quot;) serves as investment manager. Mr. R. Ted
Weschler is the managing member of Peninsula Advisors. Peninsula Advisors and Mr. Weschler may be deemed to beneficially
own the securities held by the Partnership by virtue of Peninsula Advisor's position as investment manager of the
Partnership and Mr. Weschler's status as the managing member of Peninsula Advisors. Mr. R. Ted Weschler is also a member of
the Board of Directors of the Issuer.</footnote>
    </footnotes>

    <remarks>(+) Each of the Reporting Person and the joint filer (each, a &quot;Reporting Person&quot; and collectively, the &quot;Reporting Persons&quot;)
disclaims beneficial ownership of the reported securities except to the extent of its pecuniary interest therein. The
Reporting Persons affirmatively disclaim being a &quot;group&quot; for purposes of Section 16 of the Securities Exchange Act of 1934,
as amended.</remarks>

    <ownerSignature>
        <signatureName>Peninsula Investment Partners, LP(+) By: Peninsula Capital Appreciation, LLC, its General Partner By: /s/ R. Ted Weschler, Managing Member</signatureName>
        <signatureDate>2004-07-20</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>Peninsula Capital Advisoers, LLC(+) By: /s/ R. Ted Weschler, Managing Member</signatureName>
        <signatureDate>2000-07-20</signatureDate>
    </ownerSignature>
</ownershipDocument>

</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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