Comment
4
Tweet
0
Print
RSS Feeds

Toll Brothers adding units, retail space to its planned NoMa building

Monday - 4/21/2014, 3:30am  ET

Toll Brothers is getting everything it can out of its big NoMa residential project.

The Horsham, Penn.-based developer is requesting to modify the planned-unit development related to the second phase of Union Place, 200 K St. NE, proposing a “significantly more efficient building core” that ultimately yields 35,000 square feet of new residential units and 3,000 square feet of new retail space.

Essentially, it relocated the courtyard.

As a result, what was planned as a 14-story, 500-unit building with 14,000 square feet of retail will be, with the Zoning Commission’s approval, a 14-story, 525-unit building with 17,000 square feet of retail, including a 7,000-square-foot day care center.

The Toll Brothers' proposal would also reduce the number of vehicle parking spaces from 329 to 243, while “dramatically increasing” the number of bicycle spaces from 55 to 175.

The C-shaped project is to be constructed in two subphases, the first with 296 units and the second with 229 units. The materials are expected to remain as previously approved — a mixture of masonry, cast stone, metal and glass.

Toll Brothers  acquired the 1.25-acre site at 200 K, adjacent to the 10-story Loree Grand apartments at 250 K St. NW, from the Cohen Cos. for $30.1 million in May 2013. Union Place consists of three phases: the Loree Grand, the Toll Brothers’ project and a planned seven-story, 41-unit building from the Cohen Cos.

© 2014 American City Business Journals, Inc.