Thanks to the weekly update of the public version of the DC Property Sales database (which runs about five weeks behind), I can confirm what has been rumored for a little while now: on May 21, Monument Realty paid $14.26 million for the old Sunoco site at 50 M Street, on the northeast corner of Half and M. There's been no announcement as yet as to their plans for the 15,500-sq-ft site located between 20 M, 80 M, and a US government warehouse, and right across the street from the Navy Yard Metro west entrance and Monument's Half Street extravaganza. Just think--if Monument is the successful bidder later this year for WMATA's Southeastern Bus Garage, they'll control three of the four corners at Half and M. Monument Valley, indeed!

WMATA's Planning, Development, and Real Estate subcommittee has recommended to the full board that NJA Associates LLC (a subsidiary of Donohoe) be picked to purchase and develop the 5,612-sq-ft east entrance of the Navy Yard Metro station at New Jersey and M. Donohoe already owns 16,406 sq ft directly adjoining this property, and has received zoning approvals for its plans to build the 1111 New Jersey Avenue office building on the site; however, they would apparently expand the building's design to 206,000 sq ft with the new land acquisition, or go up to as much as 220,000 sq ft if the Zoning Commmission approves. And since the building would front M Street with this expanded configuration, it would also need to go through a Capitol Gateway Overlay Review to make sure it conforms with the design requirements now expected of M Street buildings.

More posts: 1111 New Jersey/Insignia on M, Metro/WMATA, Square 743N, zoning