The nine-story structure--just as its eight-story 202,000-sfcounterpart that will rise up at 660 N. Capitol St.--will featureground-level retail, as well as a three-story underground parkingfacility. As a rule, Republic Properties does not reveal thefinancials of projects in progress. Republic Properties square willoccupy a nearly two-acre parcel on a coveted spot on CapitolHill.

"It is an extraordinary site, sitting at the nexus of CapitolHill East and NoMa, right by Union Station," Republic Properties,senior vice president of development Peter Cole tells GlobeSt.com.CB Richard Ellis is handling pre-leasing activity for thespeculative property. Class A office space in the Capitol Hillsubmarket, according to Advantis Real Estate Services Co.'sMid-Year 2004 Office Market, goes for about $39 per sf. Phase 1 ofthe project is expected to reach completion in 2006.