Since January, 2003
            
 (a random before-and-after moment)
March 20, 2004
April 8, 2012
5th at K, Looking West-Northwest (see more)

Last last week the sales team at Velocity began contacting residents-to-be with the news that they are planning to begin settlements on units in the building on Sept. 21 (unless issues crop up), and also will be moving the sales center into the building itself on Sept. 1 (there will also be three additional model units opened, on the 10th floor where the current model unit is, too).
The 200-unit building is still less than half sold, which is deduced from learning that the sales people are advising reservation holders who are planning to get an FHA or VA loan or who are making less than a 20-percent downpayment that it will be extremely difficult to find a mortgage lender until the building is 51 percent sold. Construction on Velocity began in Spring 2007, and the sales center opened that Fall.
Comments (9)
   
 
 More About Square 699n

JDLand.com Home

Comments

MJM says: (7/20/09 2:38 PM)
Difficult = nearly impossible, unless Congress changes the law, which there is discussion about loosening up the 51% under contract rule.


JT says: (7/20/09 3:47 PM)
Any word on when the restaurant will open in Velocity?


JD says: (7/20/09 4:30 PM)
Haven't heard anything about the restaurant. I see no liquor licenses for that site (though it's possible that one could be being transferred from elsewhere in the city), and no new recent building permits indicating any tenant construction.... None of that is to say it's not happening, it's just that they don't tell me anything, and I haven't heard anything from elsewhere, and there's no public records to hint at any goings-on.


MJM says: (7/20/09 7:32 PM)
If you are looking at the building from First St, the entrance will be/is the glass on the far right of the building. There is some dry wall stacked in that area but no telling if it is for the restaurant or just general construction.


Anonymous says: (7/21/09 8:52 AM)
I've heard some rumblings that Velocity will have a Sports Bar on the ground floor.


JD says: (7/21/09 8:56 AM)
A sports bar at Velocity was mentioned by the Post's Going Out Gurus in early spring, when surveying what is (and isn't) around the ballpark. Not-yet-residents were told by Velocity sales people that they didn't know where the Post got that info, that the plan is for a bistro.

As for what's true and what isn't, we'll just have to see. If "Anonymous" has inside info, feel free to share. ;-)


Ed says: (7/21/09 4:38 PM)
The term 51% sold. Does that mean that % of the units have transfered ownership from developer and new owner? Or that 51% of units are under contract? Ed


Anonymous says: (7/23/09 2:02 PM)
If you look at the BID's website it mentions Justin's Cafe opening August 2009. Move in at Velocity starts to happen at the end of August - I would guess that Velocity might be the home of Justin's Cafe.


Anonymous says: (7/23/09 2:03 PM)
If you look at the BID's website it mentions Justin's Cafe opening August 2009. Move in at Velocity starts to happen at the end of August - I would guess that Velocity might be the home of Justin's Cafe.

Add a Comment:

Comments are closed for this post.

JDLand Comments RSS Feed


 More News


See All Current News Items | Full Blog Archive

 
 Top News
  

RMP on 37 L Street: Excluding Capitol Quarter, it's easily a 90% / 10% split of rentals vs. condos e...
EnvySquared on 37 L Street: FWIW, there's a second crane up today at The Bower. I'd take a photo out my wind...
Snacks on 37 L Street: My apologies if that's incorrect re: bower, I thought for sure I saw something a...
walt on 37 L Street: Wow, Bower is opening a sales office this weekend? They haven't even posted flo...
Message Board (beta)

Get JDLand Updates In Your Inbox!


Thousands and thousands of photos showing the neighborhood changing. More than 150 buildings no longer with us. All the news, since 2003. Photos from various archives showing the neighborhood in the more distant past. Maps from the early 1900s. Overhead Photo Comparisons: 1949, 1988, 2002-2008. All Blog Entries, 2003 - Present Major Events, 1799 - Present A series of blog entries looking at the neighborhood's history.
Near Southeast's Rearview Mirror


City Government Data for Near Southeast Records added or updated recently displayed here; click the "archive" links to see additional detail and older records. All data from DC Government databases and RSS feeds. JDLand takes no responsibility for errors, omissions, etc. (read CapStat disclaimer). Data is retrieved daily.

Recent Crime Incidents Archive  
400 B/O M ST SE   THEFT
Theft 2nd Degree (theft From Building)
 09/19/17
500 B/O L ST SE   THEFT FROM AUTO
Theft (theft From Motor Vehicle)
 09/15/17
1100 B/O 1ST ST SE   MOTOR VEHICLE THEFT
Theft First Degree (Stolen Auto)
 09/14/17
1200 B/O 4TH ST SE   THEFT FROM AUTO
Theft (theft From Motor Vehicle)
 09/14/17
300 B/O WATER ST SE   THEFT
Theft 2nd Degree (all Other Larceny)
 09/13/17
100 B/O E ST SE   THEFT FROM AUTO
Theft 2nd Degree (theft From Motor Vehicle)
 09/12/17
1000 B/O HALF ST SE   THEFT FROM AUTO
Theft (theft From Motor Vehicle)
 09/12/17
400 B/O M ST SE   THEFT FROM AUTO
Theft (theft From Motor Vehicle)
 09/09/17
UNIT B/O M ST SE   MOTOR VEHICLE THEFT
Theft First Degree (Stolen Auto)
 09/08/17
400 B/O M ST SE   THEFT
Shoplifting
 09/07/17
UNIT B/O K ST SE   THEFT FROM AUTO
Theft First Degree (theft From Motor Vehicle)
 09/07/17
1100 B/O 8TH ST SE   THEFT
Theft 2nd Degree (all Other Larceny)
 09/05/17
1100 B/O NEW JERSEY AVE SE   THEFT
Theft 2nd Degree (all Other Larceny)
 09/05/17
1100 B/O NEW JERSEY AVE SE   THEFT
Theft 2nd Degree (all Other Larceny)
 09/03/17
900 B/O 5TH ST SE   BURGLARY
Burglary Two
 09/03/17
400 B/O M ST SE   THEFT
Theft 2nd Degree (all Other Larceny)
 09/01/17
1100 B/O NEW JERSEY AVE SE   THEFT
Theft 2nd Degree (theft From Building)
 09/01/17
1000 B/O NEW JERSEY AVE SE   THEFT
Theft 2nd Degree (all Other Larceny)
 08/29/17
1100 B/O NEW JERSEY AVE SE   THEFT FROM AUTO
Theft (theft From Motor Vehicle)
 08/27/17
500 B/O L ST SE   ASSAULT WITH A DANGEROUS WEAPON  08/27/17
UNIT B/O K ST SE   THEFT FROM AUTO
Theft (theft From Motor Vehicle)
 08/26/17
1000 B/O NEW JERSEY AVE SE   THEFT
Theft 2nd Degree (all Other Larceny)
 08/26/17
100 B/O L ST SE   THEFT FROM AUTO
Theft (theft From Motor Vehicle)
 08/23/17
400 B/O M ST SE   THEFT
Theft 2nd Degree (all Other Larceny)
 08/21/17

Recent Issued Building Permits Archive  
No records added or modified in the past two weeks.

Real Property Sales Archive  
No commercial transaction records added or modified in the past two weeks.


Project Directory
Completed
Insignia on M ('17)
F1rst/Residence Inn ('17)
One Hill South ('17)
Homewood Suites ('16)
ORE 82 ('16)
The Bixby ('16)
Dock 79 ('16)
Community Center ('16)
The Brig ('16)
Park Chelsea ('16)
Yards/Arris ('16)
Hampton Inn ('15)
Southeast Blvd. ('15)
11th St. Bridges ('15)
Parc Riverside ('14)
Twelve12/Yards ('14)
Lumber Shed ('13)
Boilermaker Shops ('13)
Camden South Cap. ('13)
Canal Park ('12)
Capitol Quarter ('12)
225 Virginia/200 I ('12)
Foundry Lofts ('12)
1015 Half Street ('10)
Yards Park ('10)
Velocity Condos ('09)
Teague Park ('09)
909 New Jersey Ave. ('09)
55 M ('09)
100 M ('08)
Onyx ('08)
70/100 I ('08)
Nationals Park ('08)
Seniors Bldg Demo ('07)
400 M ('07)
Douglass Bridge Fix ('07)
US DOT HQ ('07)
20 M ('07)
Capper Seniors 1 ('06)
Capitol Hill Tower ('06)
Courtyard/Marriott ('06)
Marine Barracks ('04)


Overviews
Capper/Carrollsburg
Anacostia Riverwalk
New Jersey Avenue
M Street
South Capitol Street
The Yards
Lower 8th Street
East M Street
Boathouse Row





                  © Copyright 2017 JD.