The chatter I've heard says that McCaffery has the land under contract, but no transaction has shown up so far in online property records to confirm this. However, a number of just-issued permits for soil borings on the lot have McCaffery Interests listed as the "agent," though not the land owner. Perhaps due diligence before completing a deal, or....?

This site has been owned by a mixture of long-time DC development families for many years (some since 1948!), and longtime observers may also remember it as the block where the old Normandie Liquors stood along with a number of other small buildings until 2008. Willco has been marketing the site since 2006 as a 700,000-square-foot mixed use development that would have had an office building at M Street, a residential building at N Street, ground-floor retail, and underground parking.

McCaffery is the developer behind the Market Common residential/retail project in Clarendon, Georgetown Centre, the renovation of Mazza Gallerie, the big Potomac Yard redevelopment across the river, and other local developments, but also has a number of big projects in Chicago, San Francisco, Pittsburgh, and elsewhere. Its web site says the company's purpose is "to add value through the opportunistic acquisition and subsequent development or redevelopment of land or buildings in high quality urban locations," and that McCaffery's typical properties are characterized by "high pedestrian traffic; within or adjacent to vibrant shopping districts; proven residential and/or office appeal; access to public transportation; and proximity to cultural or sporting activities," all of which would certainly seem to describe a one-block-long empty lot directly north of Nationals Park and right by the Navy Yard Metro station.

Any designs for the site would need to go through a zoning commission review because of its location in the Capitol Gateway Overlay, and I've heard that there has been a recent meeting with at least one city agency, so *something* is afoot with this site. Whether the previous design concept of office/residential/retail is in play or something new is coming remains to be seen.

This property is one of the four "strips" of land directly north of the ballpark between M and N and 1st and South Capitol that have seen little movement since the stadium opened four years ago. Monument Realty's Half Street project abuts it to the west across Cushing Street, with Akridge's Half Street project to the west of that across Half, and then the final strip across Van along South Capitol that Monument owns most but not all of. Akridge has hinted that they may begin work later this year on its side of Half Street, but there's no firm announcements from either developer.

If the chatter turns out to be accurate, it will be interesting to see what's in store....