Toll Brothers Acquires Sursum Corda Community Near NoMa, Plans Redevelopment
The long-planned redevelopment of D.C.'s Sursum Corda housing community could be moving forward soon.
Toll Brothers acquired the site at M and First streets NW from the Sursum Corda Cooperative Association for $60M and plans to move forward with development plans, the Washington Business Journal reports.
The cooperative, working with Winn Development Co., put the project through the first stage of entitlements in 2016, when it was approved for more than 1,100 residential units and 41K SF of retail across five buildings. The project would have 199 affordable units, with 136 of them for current Sursum Corda residents. Winn had been working as an entitlement partner but did not plan to stay on the project through its development.
Pennsylvania-based Toll Brothers plans to file the more detailed stage-two application within the next year, and begin work on the initial building within six months of the application's approval.
The 6.7-acre property sits just west of North Capitol Street, across from NPR's headquarters and about two blocks from the NoMa Metro station. To the south of the site, MRP Realty is planning to redevelop the D.C.-owned Northwest One property at North Capitol and K streets into 806 units with retail.