The Washington Business Journal reports that the lot was purchased by Greystar with plans for a 234-unit apartment building, with what they say is an October 2014 start date, though they'd better start filing building permit applications soon to meet that date.

WBJ also has a rendering of the building, designed by R2L and echoing its neighbors, the 70/100 I buildings and 909 New Jersey,

If it does start this year, it joins a number of other residential projects underway, including its neighbors-to-be across the street the Park Chelsea and 800 New Jersey, along with River Parc one block to the south, Arris at the Yards, the Lofts at CQ at 7th and L, and (presumably) 1111 New Jersey down the block (with Twelve12 now considered substantially completed, as move-ins have begun).

I do wonder if at some point we'll hear the story of the deeds exchanged between the previous site owners and CSX earlier this year for small plots of land, in what appears to be the wake of a lawsuit filed by CSX.

(And I'm irked because I had been hearing rumors of this for weeks, and had been checking public records religiously looking for confirmation. Then as soon as I leave town, boom.)