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I've learned today that mega-developer Toll Brothers has purchased the Square 699N land directly north of the Velocity Condos building on 1st Street SE for $24 million, with the intention of building a 250ish-unit residential building.
This land has been owned by the Cohen Companies since their purchase of the entire block bounded by 1st, Half, K, and L in 2005.
In fact, the garage and below-grade structure for the Toll Brothers lot is already built--that's why you see all the funny beige boxes on the land, covering vent shafts and other infrastructure items. Cohen had planned to move forward with a sibling for Velocity soon after it completed the condo building, but that never came to fruition.
This would be Toll Brothers's first building in DC proper, I believe, but they have plenty of offerings in the Metro area. And, as I found out today, they don't just do single-family homes (White Flint Station is an example of a condo building of theirs in the area). UPDATE: SWill from across the way mentions in the comments that TB bought White Flint Station after it was completed and converted it to condos from apartments. Apologies for the assumption.
More to come on this, I'm sure. And it will no doubt be seen as another indication of the strength of Near Southeast's residential market.
[And I should add that Cohen still owns the third lot on the block, along Half Street.]
Comments (10)
   
 
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Comments

ZoolanderANDtheBoYz says: (5/2/12 1:29 PM)
I was hoping they would build a four or five start hotel. What do Toll brothers know about building a condo in a city any way. The one they built in white flint looks horrible link


sggunase says: (5/2/12 1:48 PM)
Interesting, I wonder if it will still be condos given the success of the rentals in the area.


SWill says: (5/2/12 2:18 PM)
BTW - Toll Brothers didn't build White Flint Station - they purchased the apartment complex and converted it to condos.


JD says: (5/2/12 2:20 PM)
Ah, thanks for the clarification.


ZoolanderANDtheBoYz says: (5/2/12 4:13 PM)
Interesting @Swill. So, they never built a big condo building like Velocity?


JD says: (5/2/12 4:24 PM)
No, they've built a number of them.

And I bet this might be the sort of branding this Square 699N project might come under:
link


ZoolanderANDtheBoYz says: (5/2/12 5:08 PM)
WOW awesome. Check this one out link It looks amazing.


Maelstrom says: (5/3/12 7:39 AM)
That looks like I'll never afford it. :P In other new (?) news, I rode past DPW last night (Wednesday) and it looked like teardown equipment is being lined up there that I had not noticed previously. It could be going down soon.


BillP says: (5/3/12 9:21 AM)
good find JD, the locations in manhattan and brooklyn should answer any concerns that they are not capable of building high quality projects in urban areas. one of the brooklyn projects is even certified LEED gold. clearly, cohen was not in a hurry to start phase 2. however, since toll made this purchase, we can infer they have a more aggressive timeframe in mind.


MJM says: (5/3/12 9:45 AM)
Yay! No more sculpture garden!

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Recent Crime Incidents Archive  
1100 B/O NEW JERSEY AVE SE   THEFT
Theft 2 (Theft F/Building)
 07/29/15
400 B/O M ST SE   THEFT
Theft 1 (Theft F/Building)
 07/28/15
1200 B/O 1ST ST SE   THEFT
Theft 2 (Theft F/Building)
 07/25/15
700 B/O L ST SE   ROBBERY
Robbery Snatch Or Pursesnatch
 07/23/15
1000 B/O HALF ST SE   THEFT
2nd Degree
 07/13/15
400 B/O M ST SE   THEFT
Theft 2 (Theft F/Building)
 07/09/15
70 B/O I ST SE   THEFT F/AUTO
Theft From Auto 1
 07/08/15
100 B/O M ST SE   THEFT
2nd Degree
 07/07/15
300 B/O L ST SE   THEFT
2nd Degree
 07/07/15
70 B/O I ST SE   THEFT
Theft 2 (Theft F/Building)
 07/06/15
300 B/O TINGEY ST SE   THEFT
 07/05/15
1200 B/O HALF ST SE   THEFT
 07/03/15
900 B/O M ST SE   THEFT
 07/02/15
1100 B/O 1ST ST SE   THEFT
 06/30/15

Recent Issued Building Permits Archive  
1200 1ST ST SE   
07/16/15 
FOREST CITY WASHINGTON / W. TEASS / P.NETTELBECK / TEASS/ WA; RAMSEY MEISER
BCIV1500036 / CONSTRUCTION
CONSTRUCTION OF A TEMPORARY PARKING LOT OPEN PARK SPACE. ALL WORK TO BE PERFOMED IN PRIVATE PROPERTY.
   
07/21/15 
DISTRICT OF COLUMBIA / MARK EY FUHRMAN
E1507720 / SUPPLEMENTAL
1233 1ST ST SE   
07/10/15 
MITCH PERMUY / CLINT HOLMES; MITCH PERMUY; MITCH PERMUY
E18733216 / SUPPLEMENTAL
   
07/14/15 
BALLPARK HOTEL LLC BALLPARK HOTEL LLC / MICHAEL GROSE; BALLPARK HOTEL BALLPARK HOTEL LLC; MITCH PERMUY
E45868221 / SUPPLEMENTAL
1277 1ST ST SE   
07/10/15 
MITCH PERMUY / CLINT HOLMES; MITCH PERMUY; MITCH PERMUY
E93589903 / SUPPLEMENTAL
   
07/14/15 
BALLPARK RESIDENTIAL LLC BALLPARK RESIDENTIAL LLC / MICHAEL GROSE; BALLPARK RESIDE BALLPARK RESIDENTIAL LLC; MITCH PERMUY
E26661076 / SUPPLEMENTAL
1331 2ND ST SE   
07/17/15 
CORMAN CONSTRUCTION / PAMELA STRICKLAND
SH1500057 / CONSTRUCTION
SUPPORT OF EXCAVATION FOR DC WATER OWNED SEWER STRUCTURE CSO 009 / 011A
1016 3RD ST SE   
07/15/15 
CARLOS DIAZ / JOSEPH SEMPER; CARLOS DIAZ; JOSEPH SEMPER
E78706918 / SUPPLEMENTAL
   
07/23/15 
ROBIN SANTILLAN / ROBIN SANTILLAN; ROBIN SANTILLAN; CARLOS MONTES
P55998454 / SUPPLEMENTAL
1331 4TH ST SE   
07/13/15 
FC 1331 LLC / OTIS ELEVATOR COMPANY
EN1501337 / SHOP DRAWING
TYPE OF ELEVATOR : ONE (1) TRACTION / STEEL / CENTRAL / VERTICAL TRANSPOTATION LICENSE NUMBER : ELC1300386 ISSUE DATE : 08 / 04 / 2014 EXPIRATION DATE 11-30-2015
   
07/13/15 
FC 1331 LLC / OTIS ELEVATOR COMPANY
EN1501334 / SHOP DRAWING
TYPE OF ELEVATOR : TWO (2) TRACTION / STEEL / CENTRAL / VERTICAL TRANSPOTATION LICENSE NUMBER : ELC1300386 ISSUE DATE : 08 / 04 / 2014 EXPIRATION DATE 11-30-2015
913 5TH ST SE   
07/13/15 
MARGARET LITTLEJOHN
B1509950 / CONSTRUCTION
TUCKPOINTING. SCAFFOLDING TO BE ERECTED.
1000 5TH ST SE   
07/16/15 
DISTRICT OF COLUMBIA / MAURY M. PARKER
M1502393 / SUPPLEMENTAL
   
07/23/15 
DISTRICT OF COLUMBIA / WALTER T JONES
E1507778 / SUPPLEMENTAL
1007 8TH ST SE   
07/23/15 
CALLE OCHO LLC / JERONE SCOTT
P1507675 / SUPPLEMENTAL
901 HALF ST SE   
07/21/15 
BAKER DCLLC / CHRISTINE LONG
AH1500614 / CONSTRUCTION
AN AFTER HOURS PERMIT IS RESPECTFULLY REQUESTED FROM 3AM THRU 9PM
1201 HALF ST SE   
07/27/15 
WEST HALF RESIDENTIAL II LLC / ECS MID-ATLANTIC LLC C/O DON SESER
SB1500398 / CONSTRUCTION
WE WILL PERFORM A TOTAL OF THREE SOIL BORINGS ON THE PROPOSED SITE. THE BORINGS WILL BE ADVANCED TO A DEPTH OF 60 TO 100 FEET BELOW EXISTING SITE GRADES AND WILL BE LOCATED WITHIN THE BOUNDS OF THE PRIVATE PROPERTY. THE BORINGS WILL BE DRILLED UTILIZING 3.25-INCH HOLLOW STEM CONTINUOUS FLIGHT AUGERS. THE BORINGS WILL BE PERFORMED UTILIZING AN ATV-MOUNTED DRILL RIG AND WILL GENERATE AN APPROXIMATE ...
1220 HALF ST SE   
07/13/15 
BUFFALO WILD WINGS / ALLIIANCE
TL1500106 / CONSTRUCTION
TENANT LAYOUT FOR A NEW RESTAURANT IN EXISTING BUILDING. THIS SPACE HAS NOT BEEN PREVIOUSLY OCCUPIED. WORK INCLUDES NEW EXTERIOR FINISHES SIDEWALK CAF? PLUMBING ELECTRICAL AND MECHANICAL AS WELL AS INTERIOR WORK. THIRD PARTY REVIEW.
601 L ST SE   
07/15/15 
DISTRICT OF COLUMBIA HOUSING AUTHORITY / EDUARDO L. LOPEZ
E1507545 / SUPPLEMENTAL
55 M ST SE   
07/15/15 
HINES GLOBAL REIT 55 M STREET LLC / CARL J. SMITH
E1507529 / SUPPLEMENTAL
   
07/27/15 
HINES GLOBAL REIT 55 M STREET LLC / ANTHONY G SAMBURG
E1507875 / SUPPLEMENTAL
99 M ST SE   
07/15/15 
BALLPARK SQUARE 701 LLC / LP CONSULTING SERVICES
SH1400072 / CONSTRUCTION
SHEETING AND SHORING AS PER PLANS FOR NEW OFFICE BUILDING
   
07/15/15 
BALLPARK SQUARE 701 LLC / LP CONSULTING SERVICES
FD1500019 / CONSTRUCTION
FOUNDATION TO GRADE IN PREPARATION FOR CONSTRUCTION OF A NEW MIXED USE BUILDING
100 M ST SE   
07/10/15 
SQUARE 743 INC / JOHN MCDONALD
P1507412 / SUPPLEMENTAL
   
07/10/15 
CDI MARINE / CHIP GIBBS VSC FIRE & SECURITY
B1509942 / CONSTRUCTION
ADD ONE SPRINKLER HEAD
   
07/21/15 
SQUARE 743 INC / JOSE UMANZOR-ALVAREZ; SQUARE 743 INC; ROBERT LAWALL
E99685352 / SUPPLEMENTAL
   
07/21/15 
UNKNOWN UNKNOWN / PATRICK BARRON; UNKNOWN UNKNOWN; ROBIN MALLEY
E65875186 / SUPPLEMENTAL
400 M ST SE   
07/23/15 
DISTRICT OF COLUMBIA HOUSING AUTHORITY (LAND) / VERNON A. MONTAGUE
P1507715 / SUPPLEMENTAL
1201 M ST SE   
07/10/15 
WEST HALF 1 LLC /
P1507408 / SUPPLEMENTAL
   
07/10/15 
WEST HALF 1 LLC /
P1507409 / SUPPLEMENTAL
74 N ST SE   
07/23/15 
CAPITOL RIVERFRONT HOTEL LLC / DAVID FONTANA MCKEEVER SERVICES CORP
B1403426 / CONSTRUCTION
CONCRETE PAVEMENT ENTIRELY ON PRIVATE PROPERTY FOR CONSTRUCTION ACCESS TO NEIGHBORING PROPERTY 1265 1ST ST SE.
909 NEW JERSEY AVE SE   
07/17/15 
SCARLET OAK / EVAN O'BRIEN/ D MCKEEVER SERVICES
B1507594 / CONSTRUCTION
TPR. REVISION TO EXISTING PERMIT # TL1500002. VALUE ENGINEERING RESULTING IN CHANGES TO MPE SYSTEMS AND MECHANICAL STRUCTURAL SUPPORT.
1111 NEW JERSEY AVE SE   
07/10/15 
NJA ASSOCIATES LLC /
P1507417 / SUPPLEMENTAL
   
07/16/15 
GALLERY CAPITAL PROP LLC GALLERY CAPITAL PROP LLC / DONALD LAYTON; GALLERY CAPITAL GALLERY CAPITAL PROP LLC; TOM MCGUIRE
E77440335 / SUPPLEMENTAL
1500 SOUTH CAPITOL ST SE   
07/10/15 
TAYLOR SWIFT CONCERT TOUR / JEWEL HANSON
TN1500150 / CONSTRUCTION
SPECIAL EVENT TAYLOR SWIFR CONCERT TOUR 1 MAIN STAGE 180W X 75OH X 60 D ASSEMBLE FRONT OF HOUSE PLATFORM 20'W X 9 H X 17'D ASSEMBLE 2 DELAY TOWERS 20W X 66'H X 24'D
   
07/11/15 
WASHINGTON NATIONALS / JOHN GALT; WASHINGTON NATIONALS; JAY LIVESAY
E53891753 / SUPPLEMENTAL
   
07/15/15 
NONE / JAMES W CONNER
E1507526 / SUPPLEMENTAL
   
07/23/15 
LERNER DC
B1510545 / CONSTRUCTION
REVISION TO PERMIT NUMBER #B1506810 TO ADD EXHAUST HOOD.
   
07/28/15 
LERNER MANAGEMENT / GERARD MULLEN; LERNER MANAGEMENT; SCOTT BROADBENT
E69613955 / SUPPLEMENTAL
   
07/28/15 
NATIONALS PARK / GERARD MULLEN; NATIONALS PARK; SCOTT BROADBENT
E91113810 / SUPPLEMENTAL
AH = After Hours; B = Alteration & Repair; D = Demolition; E = Electrical; FB = Boiler; M = Mechanical; P = Plumbing and Gas; PC = Post Card; R = Raze; SG = Sign; TL = Tenant Layout; TN = Tent; RW = Retaining Wall;

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