Near Southeast DC: Past News Items - Apr 30, 2008
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Monument Realty's Plans for 50 M Street
Apr 30, 2008 1:04 PM
The northeast corner of Half and M is home to Nats Lot J these days, with the Sunoco station that used to be there having closed in 2006 (taking with it my first Gas Prices in the Hood location). The land was purchased in 2007 by Monument Realty for $14.3 million, and they're currently marketing the site as 50 M Street, a 135,000-square-foot build-to-suit office building, targeting associations in the area as possible tenants. Monument was nice enough to pass along this early conceptual rendering of the building (bigger version here). Waiting for a tenant means that this building probably won't get started anytime soon.
The project's M Street location means it will have to go through a Capitol Gateway Overlay Zoning Review, which includes the requirement that all the building's non-entrance frontage along M Street be devoted to retail space, and that no less than 35 percent of the entire first floor be retail. (See page 15 for more of the overlay's M Street requirements.)
As for the one-story red brick building behind the 50 M lot, that's a warehouse owned by the Feds, which as of now doesn't seem to be going anywhere. But that little spot is getting kind of valuable, isn't it?
And, since I don't have much else to show you these days, take a few minutes to "drive" M Street, first heading east then back west, to see the changes since 2003. Remember to click on the Click to see all available photos of this location. icon for any location where you'd like to see the photos between the before and the after....



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