JBG Cos. is the developer behind the project and Tishman Construction Corp. was recently tapped to act as general contractor. Construction of the project will likely commence sometime during the third quarter of this year at a cost approximately $78 million to complete.

Ultimately, APhA will not exactly abandon its current home completely. Only part of the existing structure on Constitution Avenue, the annex, will be demolished. The main segment, designed by John Russell Pope in the 1930s, is an historic landmark listed in the DC Inventory of Historic Sites and, by law, cannot be demolished--not that the owners would necessarily want to demolish it. The addition, to be designed by Hartman-Cox Architects, will replace the existing annex only and will be physically linked to the property's historic edifice.

The JBG Cos. expects to complete construction of the new building in 2007. For JBG, the project represents the company's last "fee development" in the pipeline, a company spokesperson tells GlobeSt.com. JBG, which has been onboard the APhA project for years, stopped engaging in third-party building activities in 1999.