heres the info on that, spoon...it was updated in late January of this year...
Block bounded by First and Second avenues and Island and J streets
Bosa Development is proposing to construct a 38-story, mixed-use project consisting of 172 condominiums, 23,000 sf of retail space and 435 parking spaces on the block bounded by First and Second avenues and Island and J streets. The project would convert the existing J Street parking lot into a public plaza. Construction is anticipated to begin in late 2007 with completion targeted for spring 2010.
lets keep our finger crossed that it starts this year