The DC Property Sales database runs about six weeks behind the calendar, so it's only now reporting that in late September the
John Akridge Companies paid $7 million for six properties totalling 11,145 sq ft on the east side of First Street between K and L, currently home to an auto repair shop and an empty lot. Akridge has owned since the late 1980s an empty lot totalling 3,934 sq ft on this site, so they now own everything in this block of 1st Street except for the Market Deli land on the corner of 1st and L and the two car repair shops on the corner of 1st and K. No announcement so far as to any plans for this land. See my
North of M map to orient yourself--and note that the photo at the top of the North of M page shows the block in question, with the two beige brick buildings at left being owned by the William Cohen/Willco Construction Company, and the red brick building and the empty lots to its right now owned by Akridge.
Reality is always a few days ahead of bureaucracy, so the
Building Permits Feed is telling us what our eyes have already seen, that digging is going on at the closed Exxon station at
South Capitol and I streets, excavating the underground gas storage tanks. I've heard no rumors about any impending development or sale of the land, but will of course post anything I hear (and if you know something about what's happening there,
feel free to tell me). The station
closed in May 2006, not long after its owner pleaded guilty to fraudulently double-billing government contractors more than $120,000 and was sentenced to 12-18 months in prison.
