Since January, 2003
            
 (a random before-and-after moment)
August 11, 2006
June 10, 2012
3rd Place at K, Looking North (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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Recent Crime Incidents Archive  
400 B/O M ST SE   THEFT FROM AUTO
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 01/13/17
1100 B/O 8TH ST SE   MOTOR VEHICLE THEFT
Theft First Degree (Stolen Auto)
 01/08/17
100 B/O K ST SE   THEFT FROM AUTO
Theft First Degree (theft From Motor Vehicle)
 01/06/17
700 B/O L ST SE   THEFT
Theft 2nd Degree (all Other Larceny)
 01/02/17
700 B/O M ST SE   THEFT FROM AUTO
Theft First Degree (theft From Motor Vehicle)
 12/30/16
400 B/O M ST SE   THEFT
Theft First Degree (shoplifting)
 12/26/16
1100 B/O NEW JERSEY AVE SE   THEFT FROM AUTO
Theft (theft From Motor Vehicle) - Highway/ Road/ Alley/ Street/ Sidewalk
 12/20/16
70 B/O I ST SE   THEFT FROM AUTO
Theft (theft Of Motor Vehicle Parts Or Accessories)
 12/19/16
500 B/O L ST SE   THEFT FROM AUTO
Theft 2nd Degree (theft From Motor Vehicle)
 12/18/16
1000 B/O 7TH ST SE   THEFT FROM AUTO
Theft (theft From Motor Vehicle)
 12/18/16
900 B/O M ST SE   THEFT
Theft 2nd Degree (all Other Larceny)
 12/17/16
1100 B/O NEW JERSEY AVE SE   THEFT
Theft 2nd Degree (all Other Larceny)
 12/16/16
1100 B/O NEW JERSEY AVE SE   THEFT
Theft 2nd Degree - Felony (theft From Building)
 12/15/16

Recent Issued Building Permits Archive  
1100 2ND PL SE   
12/28/16 
LIDIA BARDI SQUARE 769N OWNER, LLC / LIDIA BARDI SQUARE 769N OWNER, LLC; GEORGE KING MORETRENCH AMERICAN CORPORATION
SB1700048 / CONSTRUCTION
Drill and construct three 6 inch diameter dewatering wells within 12 inch boreholes to 70 feet below existing grade via mud rotary drilling methods. Drill and construction 2 - 2 inch diameter observation wells within in 8 inch boreholes to 60 feet below existing grade via mud rotary drilling methods. All drill spoils will be contained, tested and disposed of per DOEE regulations.
2 I ST SE   
12/27/16 
MCDONALDS CORPORATION / MCDONALDS CORPORATION; ECS MID-ATLANTIC LLC
SB1700081 / CONSTRUCTION
ECS proposes the installation of six soil borings to a maximum depth of 30 feet below ground surface. Each boring will be completed with a Geoprobe drill rig and grounted following installation using a DOEE approved grount mix.
28 K ST SE   
12/28/16 
23 LLC / RELATED COMPANIES; ACCUPERMIT LLC; ACCUPERMIT LLC
SG1700100 / CONSTRUCTION
Sign / mural to be on west elevation of new commercial building at 28 K Street SE. Temporary only for 12 months.
100 M ST SE   
12/28/16 
SQUARE 743 INC / null
E1702426 / SUPPLEMENTAL
1200 NEW JERSEY AVE SE 20024   
12/30/16 
JBG/FEDERAL CENTER LLC / CARL E HAGER
E1702487 / SUPPLEMENTAL
   
01/04/17 
JBG/FEDERAL CENTER LLC / null
P1702555 / SUPPLEMENTAL
1244 SOUTH CAPITOL ST SE   
01/05/17 
EXTREME STEEL CRANE AND RIGGING
AH1700321 / CONSTRUCTION
PLACE CRANE ON S. CAPITOL STREET TO PUT TOWER CRANE UP.
385 WATER ST SE 20003   
12/28/16 
FC 385 WATER LLC / STEPHEN J. EXELBERT
P1702437 / 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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