Since January, 2003
            
 (a random before-and-after moment)
April 18, 2007
October 16, 2016
New Jersey at L, Looking Southwest (see more)

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 NEW JERSEY AVE SE   THEFT
Theft 2nd Degree (theft From Building)
 12/08/16
1100 B/O NEW JERSEY AVE SE   THEFT
Theft First Degree (shoplifting)
 12/08/16
700 B/O L ST SE   THEFT FROM AUTO
Theft (theft From Motor Vehicle)
 12/05/16
300 B/O TINGEY ST SE   THEFT
Theft 2nd Degree (all Other Larceny)
 12/01/16
1100 B/O NEW JERSEY AVE SE   THEFT
 11/28/16
900 B/O POTOMAC AVE SE   THEFT F/AUTO
 11/27/16
500 B/O L ST SE   HOMICIDE
GUN
 11/27/16
1300 B/O WATER ST SE   MOTOR VEHICLE THEFT
 11/23/16
1200 B/O HALF ST SE   THEFT F/AUTO
 11/23/16
500 B/O M ST SE   THEFT
 11/22/16
100 B/O L ST SE   MOTOR VEHICLE THEFT
 11/22/16
1200 B/O HALF ST SE   THEFT
 11/21/16
1000 B/O 1ST ST SE   THEFT F/AUTO
 11/19/16
800 B/O L ST SE   THEFT F/AUTO
 11/18/16
300 B/O TINGEY ST SE   THEFT
 11/18/16
1000 B/O 8TH ST SE   ASSAULT W/DANGEROUS WEAPON
KNIFE
 11/18/16
1100 B/O 10TH ST SE   THEFT F/AUTO
 11/18/16
250 B/O L ST SE   THEFT F/AUTO
 11/17/16
1000 B/O 2ND PLACE SE   THEFT F/AUTO
 11/14/16
800 B/O L ST SE   THEFT F/AUTO
 11/13/16
1000 B/O 5TH ST SE   THEFT
 11/12/16
300 B/O L ST SE   ROBBERY
GUN
 11/11/16
1100 B/O 1ST ST SE   THEFT F/AUTO
 11/10/16
50 B/O K ST SE   THEFT F/AUTO
 11/10/16
1200 B/O 1ST ST SE   THEFT
 11/10/16
700 B/O L ST SE   THEFT
 11/09/16

Recent Issued Building Permits Archive  
1233 1ST ST SE   
11/30/16 
null
P1701624 / SUPPLEMENTAL
1277 1ST ST SE   
12/06/16 
NA U.S. POOLS / NA U.S. POOLS; ANDY MCKELVEY
SP1600042 / CONSTRUCTION
Construct new rooftop swimming pool multifamily building
1212 4TH ST SE   
12/07/16 
FC 1212 LLC / OTIS ELEVATOR COMPANY
ER1700579 / SHOP DRAWING
Replacement of the steel coated belts on elevator #2
1220 12TH ST SE   
12/05/16 
WASHINGTON GAS LIGHT CO / null
E1701758 / SUPPLEMENTAL
909 HALF ST SE   
12/07/16 
23 LLC / null
E1701848 / SUPPLEMENTAL
50 M ST SE   
11/29/16 
KCG 50 M LLC / SHAKE SHACK LLC; KIM MITCHELL CDKM CONSULTING LLC
TL1600110 / CONSTRUCTION
INTERIOR BUILD OUT OF A QUICK SERVICE RESTAURANT SHAKE SHACK ON THE GROUND LEVEL OF AN EXISTING BUILDING
   
12/02/16 
KCG 50 M LLC / null
P1701734 / SUPPLEMENTAL
   
12/06/16 
KCG 50 M LLC / KENNETH J. LEMERE
E1701800 / SUPPLEMENTAL
   
12/07/16 
KCG 50 M LLC / GERARD D. RODINO
M1700633 / SUPPLEMENTAL
80 M ST SE   
11/30/16 
WELLS REIT II 80 M STREET LLC / WELLS REIT II 80 M ST LLC; JOHN GIUSEPPE-RAMCO
D1700109 / CONSTRUCTION
interior demolition to entrance lobby and fitness center as shown on the attached demolition dwgs. no change in use, no structural work involved, Interior work only.
83 M ST SE   
12/07/16 
POTOMAC ELECTRIC POWER COMPANY
AH1700240 / CONSTRUCTION
Install and splice cable in manholes using the manhole access permit PA10195264-R1. Each location will provide a typical TCP for the work. This permit will include work on Sundays. We will be working in the following locations under this permit: 24th & L Street NW 14th & Independence Ave SW
99 M ST SE   
12/02/16 
BALL PARK SQUARE 701 LLC / BALL PARK SQUARE 701 LLC; FRANCISCO CRANERENTAL CO.
AH1700230 / CONSTRUCTION
AFTER HOURS PERMIT TO WORK ON SATURDAY FROM 4AM TO 7AM IN CONJUNCTION WITH D-DOT PERMIT # 10355466
300 M ST SE   
11/30/16 
NIT PAPA
PC92946715 / POST CARD
Repairing a fence up to a height of 7 feet (2.13 meters) above grade, entirely on private property and behind the building restriction line.
861 NEW JERSEY AVE SE   
11/21/16 
NA CSX TRANSPORTATION INC.
AH1700194 / CONSTRUCTION
Work in public ROW within the Virginia Avenue Tunnel Reconstruction Project LOD for utility, demolition, and concrete structure construction activities.
1100 NEW JERSEY AVE SE 840   
12/07/16 
SQUARE 742LLC SPAULDING & SLYE C/O WC SMITH / SQUARE 742LLC SPAULDING & SLYE C/O WC SMITH; WILLIAM SNODDY
B1700109 / CONSTRUCTION
Interior Renovation / Expansion on the 8th Floor On Behalf of Trusted Health. Approx. 3172SF
1200 SOUTH CAPITOL ST SE   
12/06/16 
AG/MR SQUARE 700 OFFICE OWNER, LLC / KIM MITCHELL CDKM CONSULTING
FD1600013 / CONSTRUCTION
FOUNDATION TO GRADE. CONSTRUCTION OF AN 11-STORY BUILDING (PART OFFICE AND PART RESIDENTIAL), 3 LEVELS OFSUBSURFACE PARKING, GREEN ROOF, AND PROPOSED STREET TREES.
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  
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