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:
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):