Fronting on L, Half and K streets, the building will have three levels of underground parking and has the potential for first-floor retail space. No preleases have been signed yet. Opus East has chosen Cassidy & Pinkard Colliers as the broker for the building, which is expected to deliver in April 2010. The brokerage team will include Phillip Thomas Jr., Mark Sullivan and Darian LeBlanc.

Cohen reports that asking rates will be in the mid-$30s per sf, triple net. That is the rate range for its other development in the southeast: 100 M St., a 240,000-sf office building. Opus has inked a 10-year lease with Parsons Corp., securing one-third of the building, which is scheduled to deliver this fall.

With these two projects underway, Opus East is scouting Southeast, as well as the rest of the District for further development opportunities. These won't necessarily be just in office, Cohen says, although he certainly doesn't rule that out. "Hotels, office, retail and residential are developing simultaneously in the Capitol Riverfront. It is all coming together at once."