After not having a new high-rise residential project under construction in the neighborhood since spring 2009, it's sort of amazing to realize there are now three such buildings up out of the ground, with more than 900 new rental units in the pipeline for delivery within the next year to eighteen months. (And there could be another 650 units added to tally if both the Yards/Parcel N and 800 New Jersey/Whole Foods projects get going as expected in the coming months.)

However, it's no longer the 815,000-sq-ft office/hotel/retail project that was unveiled in 2010 -- Cohen, developer of the Velocity Condos at 1st and L, now is proposing a four-phase, three-building project with 673 residential units and 10,370 square feet of retail use. WBJ quotes Eric Siegel of Cohen as saying "the office market is just not there" in DC, and that the company felt that "creating a sense of place with a residential community was a much better opportunity than just creating an office environment."

Currently the site is home to, well, not much. Temporary trailers and surface parking were installed as part of the 11th Street Bridges project, and this stretch of M is pretty ripped up now as part of DC Water's big dig. To the west of the site are the two buildings and large surface parking lots of Maritime Plaza, and south of Water Street is the stretch of waterfront uses known as Boathouse Row. The invisible "intersection" of 13th and M is probably known to passersby only because of the somewhat incongruous mini-traffic circle built there. The eastern end of the triangle is where Water Street meets M, which isn't exactly exciting either (though my photos of that spot are from before DC Water started ripping it up). Directly to the north of the triangle are both the CSX train tracks and the stretch of road that is on its way to becoming Southeast Blvd.

The first phase of the project would be a 10-story, 218-unit building, viewed in the design as the first of two towers in a single building at 1333 M. A large open lawn area would be installed to the south of the building, at least until construction of the second tower, planned for Phase II, which would have 133 units in a nine-story building.

Together, the two buildings would have 7,200 square feet of retail and 112 parking spaces. A retail plaza would be on the south side of Tower B, and a ground-level pool would be built during the second phase between the two towers, as would a large "grand staircase" down to Water Street from the promenade along the southern edge of the property that is expected to be built during Phase I.

Phase III/Building 2 would be built on the west end of the triangle and would have 234 units in an 11-story building that would also contain 3,170 square feet of retail, and Phase IV/Building 3 would be a teensy nine-story 88-unit building on the eastern end of the site.

There would also eventually be a new street coming off the traffic circle on a portion of the south side of the site at 13th and M, named Virginia Avenue since it is on the footprint of the original avenue (which disappeared east of 11th at some point many years ago).

The zoning application describes the project as "a visionary mixed-use development that reactivates the Anacostia River and provides evocative public spaces giving a full life cycle to the previously underutilized site," intended to "celebrate the waterfront, by creating a dynamic promenade down to the river with a flexible retail plaza space where pedestrians, cyclists, retail users, residents and cultural events come together."

It may be worth noting that, should the Maritime Plaza folks ever build the final phases of that development, the river views across huge parking lots to the southwest of the Cohen site will probably be altered somewhat.

Someone will probably ask about the remediation issues for this site (which I mentioned back in 2010). This is part of the old Washington Gas/Steuart Petroleum site, and it was previously discussed that soil approximately 11 feet below grade is contaminated. There is no mention in the new zoning filings about this, but I'm guessing it will be brought up at some point. UPDATE: The magic of Twitter allows me to get word that Cohen says the contamination has been cleaned.

I could go into all manner of additional detail about the plans, but with a project this big with a zoning PUD to go through I figure I have plenty of time to get to the nitty gritty. But don't let that stop anyone from hashing over the design, the location, the probability of completion, and more. (Meanwhile, compare it all to the 2010 office/hotel/retail plans, just for the fun of it.)