Thanks to a reader for the heads up. When I took the above photo I actually ran into the new owner. The property was just purchased by Lock 7 Development. They will be building a 4 unit condo on this property located on 10th Street, NW just north of V. Here’s a rendering:
View larger image here – 10th Street Rendering
I’ll be sure to update with photos as the building develops. The owner expects it to be completed in roughly 6 months.