From
GlobeSt.com: "Charlotte, NC-based
Faison Enterprises has closed two separate land deals in the DC area over the last week worth almost $200 million. The first is for a condo project in southeast Washington near the baseball stadium at
First and L Street, SE. Philip W. Norwood, president and CEO of Faison tells GlobeSt.com that this was a particularly complex transaction in that it involved land swaps and will entail some joint development work with a
nearby office project on M Street. The approximate 260-unit condo development, which is expected to be delivered in 2008, is worth roughly $100 million, he says." The
building permit for this project was filed in mid-June.
UPDATE: Faison has generously passed along to me a rendering of 1100 First Street, which I have
added to the project's page.