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Near Southeast DC Past News Items: riverparc
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3 Blog Posts Since 2003

At 1st and K SE, the neighborhood is getting a great demonstration of how quickly a just-started apartment building project can pop into view if the below-ground infrastructure is already completed.
Toll Brothers bought the site from the Cohen Companies last year, and because Cohen had originally planned a sister building to Velocity on the lot, it had gone ahead and built the garage and other underground necessities at the same time Velocity was built in 2007. But then, well, Phase 2 never actually happened, and the covered garage remained a Tetris-like landscape until Toll came along.
It was at the end of last month that nearby residents started seeing the first hints of work at the site, and now a few weeks later the ground floor of the building is already up, as you can see.
Toll is keeping details about the building pretty close to its vest--unless you're a Velocity resident. That group received a briefing in September and was told that the building will be called River Parc, will have 277 rental units, no retail, and is expected to start leasing next fall with completion in spring 2015.
And Velocity residents were even shown a rendering of the new building (thanks to Jake for grabbing a pic of the poster board, which I've straightened out a bit--UPDATE: and see below for two more).
This stretch of 1st Street between K and L used to be made up of small auto-related businesses, with the buildings facing K having a bit more tawdry offerings, such as the "In & Out Video 'and so much more'". All were demolished in Spring 2007, and now the vista looks a little different, not only on this block but elsewhere:
See my Toll Brothers page for more details and photos.
UPDATE: And now two additional renderings have fallen into my hands, showing the view that the Velocity folks will see across the courtyard (left), and the view coming up 1st Street from L (right):
 

Some work appears to be underway on the southwest corner of 1st and K, where Toll Brothers now has building permits for a 13-story, 250ish-unit apartment building. The Tetris-like boxes that have covered rebar and other infrastructure since work was completed on Velocity and the accompanying garage under what's now the Toll site are being removed:
This will allow Toll to begin work on their building more or less at ground level, rather than spending months on excavation and below-ground construction.
See more photos and information about the project here.
 

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.]
 




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