If you see some work being done on the block bounded by 1st, K, L, and Half in the next couple of days, don't get all excited that construction might be starting on the Plaza on K
--who bought the block for $69.4 million in 2007
--tell me that they are going to be doing some leveling work to get rid of the eight-foot hill in the middle of the lot, to make it show a little nicer for prospective tenants who might be looking at the site. There will also be new fences put up.
Plans for the site currently call for buildings totaling approximately 825,000 square feet of LEED Gold office and retail. The first phase would be 300,000-sq-ft 88 K, along with 77 I, a "headquarters" space that could provide either 125,000 or 250,000 sq ft of space. There are also plans for a 10,000-sq-ft public plaza, surrounded by 14,000 sq ft of retail, along with another building (50 K) in a later phase. You can see my project page
for more details, or visit the official web site
. There's no timeline at this point for when the project might get underway.