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Farmers Market Follows DOT to New Home
Square 696 Sold
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Thanks to the latest update of the D.C. Property Sales database, I can report that the entire block known as Square 696 (bounded by 1st, I, K, and Half streets) changed hands on April 12. The Pedas family sold its three lots, totaling 55,000 square feet, for more than $49.8 million; and Potomac Development Corp. received more than $19.5 million for the 19,600-square-foot lot on the northeast corner of the block (home to a firewood business for many years).
The database lists the buyer as "99 I Street SE LP." We know from the signs that have gone up that the square is being developed as an office/retail project by DRI Development Services, a wholly owned subsidiary of Transwestern. No details yet on exactly what's coming -- or when.
And a hat tip to the Pedas family, which adds this take to the $51.6 million payday it was part of when Square 699N, one block to the south, was sold in September 2005, and the $4.5 million received from the sale of the Domino's lot at South Capitol and M in August 2005. Apparently you can make some money in this real estate biz.
On the Agenda
Today: D.C. Council Committee on Workforce Development and Government Operations public oversight hearing on the proposed relocation of the police department headquarters to a leased facility at 225 Virginia Ave. SE. John A. Wilson Building, Room 412, 1350 Pennsylvania Ave. NW, 9 a.m. (may also be available on D.C. Cable Channel 13 and via live webcast at http://www.octt.dc.gov).
Tomorrow: D.C. Department of Transportation briefing on the Douglass Bridge's upcoming "Extreme Makeover," Matthew Henson Earth Conservation Center, 2000 Half St., SW, 10 a.m.
Tomorrow: Zoning Commission hearing on Case 02-38A, Waterfront Associates LLC and RLA Revitalization Corp. request for modification to an approved first-stage Planned Unit Development for the Waterside Mall site at Fourth and M streets SW; second-stage review and approval of a Planned Unit Development for the central portion of the site; and a change to the D.C. Zoning Map; Suite 220 South, 441 4th St. NW, 6:30 p.m. (also available via live webcast at http:/
Tuesday: D.C. Council Committee on Finance and Revenue public hearing on B17-0208, "Capitol Riverfront Business Improvement District Amendment Act of 2007," John A. Wilson Building, Room 412, 1350 Pennsylvania Ave. NW, 11 a.m. (may also be available on D.C. Cable Channel 13 or via live webcast at http://www.octt.dc.gov).
Jacqueline Dupree, a Post staff member and Ward 6 resident, has been tracking changes in the area since 2003. For updates and links to documents and sites mentioned here, go tohttp:/
