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September 28, 2014 
4th at Water St., 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 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

Active Public Space Permits Archive  
1331 2ND ST SE    Carlton Ray 
Assigned
paving; streetfixture; excavation  
 02/10/14
to
02/09/15
1331 4TH ST SE    Forest City Forest City 
Issued
excavation; new  
 01/10/14
to
02/10/15
301 TINGEY ST SE    Potbelly Sandwich Works LLC 
Issued
new  
 03/21/12
to
11/27/14

Recent Issued Building Permits Archive  
1259 1ST ST SE   
09/24/14 
CAPITAL RIVERFRONT HOTEL LLC / CAPITAL RIVERFR LLC; KIM MITCHELL CDKM CONSULTING LLC
AH1400705 / CONSTRUCTION
AFTER HOURS FOR PERMIT NO B1401471 - MONDAY THRU SATURDAY FROM 5 AM TO 7 PM - SEPT 30 THRU OCTOBER 29
1265 1ST ST SE   
09/22/14 
CAPITAL RIVERFRONT HOTEL LLC / CYNTHIA H LOPEZ
M1403317 / SUPPLEMENTAL
1212 4TH ST SE   
09/23/14 
THE YARDS
TL1400136 / CONSTRUCTION
FIRST TIME TENANT LAYOUT RELATED TO THE CONSTRUCTION OF A NEW PET VETERINARY BOARDING HOSPITAL AND VET USES PER ZC ORDER 13 THRU 15 AND AMENDMENT TO SECTION 1803.16 TO ALLOW PROPOSED USE IN THE SEFC CR DISTRICT MINOR ARCHITECURAL MECHANICAL PLUMBING ELECTRICAL AND FIRE LIFE SAFTEY WORK AS PER PLANS.
   
09/24/14 
THE YARDS / MIKE WHITE; THE YARDS; KENNETH G. JOHNSON
P13190284 / SUPPLEMENTAL
   
09/25/14 
FC 1212 LLC / TERRY L BOETTNER
M1403366 / SUPPLEMENTAL
   
09/25/14 
FC 1212 LLC /
P1408863 / SUPPLEMENTAL
   
09/26/14 
THE YARDS / ANTHONY HARRIS; THE YARDS; ANTHONY HARRIS
E68185255 / 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
   
09/19/14 
WASHINGTON GAS LIGHT CO / JAMES C. GYURAS
E1409204 / SUPPLEMENTAL
   
09/19/14 
WASHINGTON GAS LIGHT CO / JAMES C. GYURAS
E1409203 / SUPPLEMENTAL
   
09/22/14 
WASHINGTON GAS LIGHT COMPANY / RICHARD COLLINS; WASHINGTON GAS LIGHT COMPANY; ROBERT DIKE
E34340973 / SUPPLEMENTAL
601 L ST SE   
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
718 L ST SE   
09/22/14 
ALAN GAUNOUX G PROPERTIES
B1402025 / CONSTRUCTION
EXTERIOR WORK AT REAR OF PROPERTY ONLY. NO WORK ON FRONT FACADE REPAIR EXTERIOR BRICK AND POINT BRICK JOINTS AT REAR
20 M ST SE   
09/19/14 
SOUTHEAST REALTY LLC / MATT LOSIGNOR
P1408704 / SUPPLEMENTAL
   
09/19/14 
SOUTHEAST REALTY LLC / MATT LOSIGNOR
P1408703 / SUPPLEMENTAL
   
09/26/14 
SOUTH EAST REALTY LLC SOUTH EAST REALTY LLC / ADOLPHUS SIMMONS; SOUTH EAST REAL SOUTH EAST REALTY LLC; ADOLPHUS SIMMONS
P92093458 / 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
   
09/20/14 
SQUARE 743 INC SQUARE 743 INC / KATE MITCHELL; SQUARE 743 INC SQUARE 743 INC; ROBERT HUNTER
AR53284155 / SUPPLEMENTAL
   
09/25/14 
SQUARE 743 INC / BERNARD D SASSER
E1409418 / SUPPLEMENTAL
   
09/29/14 
SQUARE 743 INC. 100 M ST SE / PAUL THIEBERGER; SQUARE 743 INC 100 M ST SE; PAUL THIEBERGER
P83348948 / SUPPLEMENTAL
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.
880 NEW JERSEY AVE SE   
09/25/14 
880 NEW JERSEY AVENUE LLC / JOHN H THOMSON
E1409407 / SUPPLEMENTAL
25 POTOMAC AVE SE   
09/26/14 
KEVIN SCHAAR MRP RESIDENTIAL / GEORGE KING MORETRENCH AMERICAN CORP
SB1400408 / CONSTRUCTION
DRILL AND INSTALL 106- 2 INCH WELLPOINTS IN 6 INCH BOREHOLE 25 FEET BAGS 4- 6 INCH WELLS IN 12 INCH BOREHOLE 40 FEET BAGS AND 2- 2 INCH OBSERVATION WELLS IN 6 INCH BOREHOLE 20 FEET BAGS. WELLPOINTS DRILLED BY DUAL-ROTERY USING CLEAN WATER. WELLS DRILLLED BY MUD-ROTARY DRILLING. SEE PROVIDED MORETRENCH WORK PLAN AND DRILLING SUMMARY."
300 TINGEY ST SE   
09/11/14 
FC BOILERMAKER LLC / CHRIS WING
B1407179 / CONSTRUCTION
INTERIOR ALTERATION FOR NEW UNLEASHED BY PETCO STORE.
   
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
   
09/25/14 
FC BOILERMAKER LLC / LOUIS N ROBINSON
E1409412 / 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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