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July 12, 2014
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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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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  
1100 B/O 10TH ST SE   THEFT F/AUTO /  09/08/14
400 B/O K ST SE   THEFT F/AUTO /  09/08/14
1000 B/O 4TH ST SE   THEFT F/AUTO /  09/05/14
300 B/O M ST SE   ROBBERY /  09/03/14
900 B/O 1ST ST SE   THEFT F/AUTO /  09/03/14
1000 B/O 1ST ST SE   THEFT /  09/03/14
1200 B/O 4TH ST SE   THEFT F/AUTO /  09/02/14
200 B/O M ST SE   THEFT /  09/02/14
300 B/O M ST SE   THEFT /  09/02/14
1100 B/O NEW JERSEY AVE SE   THEFT /  09/01/14
300 B/O K ST SE   THEFT F/AUTO /  08/31/14
1100 B/O 10TH ST SE   THEFT F/AUTO /  08/31/14
300 B/O I ST SE   MOTOR VEHICLE THEFT /  08/30/14
1400 B/O 1ST ST SE   THEFT /  08/29/14
300 B/O WATER ST SE   MOTOR VEHICLE THEFT /  08/27/14
3RD ST SE AND WATER ST SE   THEFT F/AUTO /  08/26/14
100 B/O K ST SE   THEFT F/AUTO /  08/25/14
400 B/O M ST SE   MOTOR VEHICLE THEFT /  08/23/14
1000 B/O NEW JERSEY AVE SE   THEFT /  08/22/14
200 B/O I ST SE   THEFT /  08/22/14
900 B/O HALF ST SE   MOTOR VEHICLE THEFT /  08/22/14

Active Public Space Permits Archive  
1331 2ND ST SE    Carlton Ray 
Assigned
paving; streetfixture; excavation  
 02/10/14
to
02/09/15
908 3RD ST SE    Rachel Frankel 
Issued
streetfixture; new  
 07/24/14
to
09/21/14
1331 4TH ST SE    Forest City Forest City 
Issued
excavation; new  
 01/10/14
to
02/10/15
880 NEW JERSEY AVE SE    WASHINGTON GAS 
Issued
excavation; new  
 07/28/14
to
09/26/14
301 TINGEY ST SE    Potbelly Sandwich Works LLC 
Issued
new  
 03/21/12
to
11/27/14

Recent Issued Building Permits Archive  
1011 1ST ST SE   
09/03/14 
TOLL DC LP / MILLENNIUM POOL
SP1400019 / CONSTRUCTION
INSTALL STAINLESS STEEL POOL ON ROOFTOP OF THE 13-FLOOR APARTMENT BUILDING.
1200 1ST ST SE   
09/05/14 
UNITED STATES OF AMERICA / FVI2020
EX1400033 / CONSTRUCTION
EXCAVATION SITE GRADING ONLY
1020 3RD ST SE   
09/03/14 
MAYIAK LLC / SMK AND ASSOCIATES LLC
B1411577 / CONSTRUCTION
REPAIR OR REPLACE IN KIND KITCHEN CABINETS TILE ON KITCHEN FLOORS. REPLACE FLOORS THROUGHOUT REPLACE BATHROOM VANITY TOILET TUB . PAINT EXTERIOR WINDOW LEDGES AND FRONT PORCH
1212 4TH ST SE   
09/09/14 
FC 1212 LLC /
FB1400131 / SUPPLEMENTAL
   
09/09/14 
FC 1212 LLC / WENDELL D. NIXON
M1403160 / SUPPLEMENTAL
1331 4TH ST SE   
09/09/14 
UNITED STATES OF AMERICA /
P1407907 / SUPPLEMENTAL
1103 9TH ST SE   
09/16/14 
ICP PARTNERS POTOMAC 810 LLC / FRANKLIN T GAINES
P1408621 / SUPPLEMENTAL
1220 12TH ST SE   
09/18/14 
WASHINGTON GAS LIGHT CO / GREGORY E LIGON
E1409179 / SUPPLEMENTAL
1200 13TH ST SE   
09/03/14 
WASHINGTON GAS LIGHT COMPANY / CHRIS WILLETT URS CORPORATION
SB1400412 / CONSTRUCTION
DCCR PROPOSES TO DRILL TWO GEOTECHNICAL BOARINGS MS-MW-02D & MS-MW-02S LOCATED AT 1200 13TH ST SE. BOTH BOARINGS WILL BE 6 INCHES IN DIAMETER 02D WILL BE 36 FEET DEEP WIOTH A 10 FOOT SCREENED INTERVAL STARTING AT 25 FEET DEEP AND 02S WILL BE 23 FEET DEEP WITH A 10 FOOT SCREENED INTERVAL STARTING AT 13 FEET DEEP. BOTH WILL BE DIRLLED WITH HOLLOW STEM AUGER. NO PERMANENT CASING WILL BE INSTALLED. SE...
   
09/03/14 
WASHINGTON GAS LIGHT COMPANY / CHRIS WILLETT URS CORPORATION
SB1400413 / CONSTRUCTION
DCCR PROPOSES TO DRILL ONE GEOTECHNICAL BORING MS-MW 01 LOCATED IN 1200 13TH ST SE. THE BORING WILL BE 6 INCHES IN DIAMETER AND 200 FEET BGS WITH A SCREENED INTERVAL FROM 135 TO 195 FEET BGS DRILLED BY MUD ROTARY. PERMANENT STELL CASING WILL INSTALLED AND BE SOCKETED 10 FEET INTO P / A AND GROUTED BEFORE DRILLING INTO THE PTX. MSDS FOR DRILLING MUD ADDITIVES ATTACHED. SEE IDW MANAGEMENT PLAN AND A...
1015 HALF ST SE   
09/04/14 
HALF ST SE LLC /
P1408319 / SUPPLEMENTAL
601 L ST SE   
09/02/14 
V ? V CONSTRUCTION / STEPHANIE DELCA TRAFFIC ENGINEERING SERVCIES LLC
TC1400023 / CONSTRUCTION
TO ERECT TOWER CRANE AS PER PLANS.
   
09/16/14 
DISTRICT OF COLUMBIA HOUSING AUTHORITY / EDUARDO L. LOPEZ
E1409105 / SUPPLEMENTAL
   
09/18/14 
DISTRICT OF COLUMBIA HOUSING AUTHORITY / RICHARD V CAREY
P1408678 / SUPPLEMENTAL
20 M ST SE   
09/08/14 
SOUTHEAST REALTY LLC / WESLEY R. DAVIS
E1408797 / SUPPLEMENTAL
55 M ST SE   
09/11/14 
HINES GLOBAL REIT 55 M STREET LLC / DANIEL O WHITE
E1408953 / SUPPLEMENTAL
100 M ST SE   
09/15/14 
SQUARE 743 INC. / SAM HOLLEN RAMCO OF DC INC.
TL1400150 / CONSTRUCTION
INTERIOR TENANT LAYOUT OF 6TH FLOOR OFFICE SPACE. PARTITIONS FURNITURE MEP AND LIFE SAFETY. REGUS 2429
901 M ST SE   
09/12/14 
CARLTON RAY
AH1400687 / CONSTRUCTION
TO PERFORM TEMPORARY LANE CLOSURES
1201 M ST SE   
09/12/14 
CARLTON RAY
AH1400686 / CONSTRUCTION
TO PERFORM TEMPORARY LANE CLOSURES
0 N ST SE   
09/10/14 
SNALLYGASTER / ERIK BERGMAN
TN1400195 / CONSTRUCTION
SPECIAL EVENT SNALLYGASTER 1 10X40 TENT 1 20X90 TENT 2 20X160 TENT 1 30X15 STAGE TENT TEMPORARY GENERATOR
   
09/10/14 
DISTRICT OF COLUMBIA / JAMES A. WILLIAMS
E1408914 / SUPPLEMENTAL
800 NEW JERSEY AVE SE   
09/17/14 
NEW JERSEY AT H LLC / COLIN CLARK
B1408553 / CONSTRUCTION
CONSTRUCTION OF A 11 STORY 336 UNIT APARTMENT BUILDING WITH FIRST FLOOR RETAIL AND THREE BELOW GRADE LEVELS FOR PARKING GARAGE PER BZA # 18619 GRANTED ON 9 / 24 / 13 WITH CONDITION: SCREENING OF THE PARKING ADJACENT TO H ST.--- SPECIFICALLY SHEETS 6 AND 7 OF EXHIBIT 23 - PLANS TO INCLUDE MECHANICAL PLUMBING AND ELECTRICAL WORK.
25 POTOMAC AVE SE   
09/09/14 
GRIFFIN STEPHEN
PC60869040 / POST CARD
INSTALLATION OF 1 TEMPORARY CONSTRUCTION TRAILER ON PRIVATE PROPERTY.
1500 SOUTH CAPITOL ST SE   
09/09/14 
COMCAST CABLE / MICHAEL SONESEN
AH1400678 / CONSTRUCTION
PLACING INNERDUCT IN EXISITING VERIZON MANHOLES SEPTEMEBR 5TH 2014 - OCTOBER 5TH 2014 EVENINGS ? SATRUDAYS 7PM TO 2AM
300 TINGEY ST SE   
09/11/14 
FC BOILERMAKER LLC / CHRIS WING
B1407179 / CONSTRUCTION
INTERIOR ALTERATION FOR NEW UNLEASHED BY PETCO STORE.
   
09/05/14 
FC BOILERMAKER LLC
B1411671 / CONSTRUCTION
INSTALL FIRE SUPPRESSION SYSTEM TO EXHAUST HOOD.
   
09/13/14 
FC BOILERMAKER LIC FC BOILERMAKER LIC / DENNIS STUBBS; FC BOILERMAKER FC BOILERMAKER LIC; DENNIS STUBBS
P24303627 / SUPPLEMENTAL
   
09/18/14 
FC BOILERMAKER LLC /
P1408685 / SUPPLEMENTAL
   
09/18/14 
CHRIS WING / SHANDI COBB; CHRIS WING; CHARLES CLYNES
AR65033933 / 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;

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


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