It’s a one, two, three-phase development for the SE ballpark area. The Rockville-based Cohen Companies (working with ADC Builders) is in the process of attaining permits for its 820,000 s.f. mixed-use project that is planned for 1025 First Street SE (the former home of old-school nightclubs Wet and Edge). Three blocks away from the new Nationals Stadium, Phase One of the project will include Velocity, A Condominium, a 200-unit building with below ground parking for residents. The building will also include a central courtyard and restaurant retail space on the ground floor.
Phase Two will be identical to Velocity with another 200 condominium units. Plans for Phase Three have not been finalized, however candidates for the third building include a hotel with condos, an office building, and more retail space.
Speaking of one of many new developments in the area, Michelle Pilon, project coordinator at Cohen, said the project is an important part of the revitalization of Southeast. “The revitalization of Southeast is going to bring such vitality, urban art, and retail to the area – it will put DC into the 21st century. It will not just be this federal government city, it will have a vibe.” Construction is slated to begin on June 1st with completion scheduled for the end of 2009.