It will be 10 stories tall, with 227 rooms and about 7,500 square feet of ground-floor retail, plus additional space for a rooftop bar. No operator for the hotel has been publicly announced, but apparently those talks are far along.

The hotel is expected to be completed more or less at the same time as its sibling to the south, the 280ish-unit residential building that first hit the boards a year ago. That building will have about 17,000 square feet of ground-floor retail. The residential building is being developed by Forest City, but the hotel is actually being developed by JW Capital Partners and Geolo Capital.

As part of the construction of these two buildings, a new pedestrian "mews" along what would be the footprint of 2nd Street SE will be constructed, making for an easier and less traffic-y flow between the Yards Park and points north and west.

There will also be a new Tingey Square built at the intersection of N, Tingey, and New Jersey, which should change the traffic flow at that spot considerably.

There's been no official announced timeline on these projects, but the closure on June 1 of the public parking lot on Parcel L might lead one to believe that there is some expectation of work at least on the southern end of the block looming before too long, but I know nothing for sure. UPDATE: I see now that an excavation-only permit was approved for this site recently (looks like they need to run water, sewer, gas, and telecommunications infrastructure to the block), and there is a shorting/sheeting permit application filed for the residential building, which jibes with the estimated 2018 start date that was given last year.

See my Parcel L page (such as it is) for additional details (such as they are).