Since January, 2003
            
 Sliding from Before to After

Rumors of this first came my way over the weekend, and now WBJ has the somewhat official word, in this article about the closing of a $60 million construction loan to allow the completion of the 200-unit Velocity condo building at First and L streets: "Rockville-based Cohen Cos. is currently negotiating a deal with a first-class hotel operator for Phase II and is in negotiations for a full building user for the 280,000 square-foot, Class A office building in Phase III." Phase II, on the north side of the block, facing K Street, was originally planned to be a twin of the building currently under construction; the three levels of underground parking are already built, which presumably would speed up any sort of construction timetable for a hotel on that spot. Phase III is the section of the block facing Half Street. The article also says that the condo building is currently 25 percent leased.
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