In less than two years, H Street NE is expected to see yet another modern residential and retail building a few blocks from Union Station.

MRP Realty and Kruger Real Estate announced today that they’ve acquired about half a block of land at 315 H St. NE—now a vacant lot across from the corridor’s Giant—to develop a mixed-use facility featuring 112 apartments above 6,000 square feet of first-floor business. In total, the building will contain almost 94,000 square feet and is projected to open in spring 2018, according to the groups.

The acquisition follows their filing of a planned unit development with the D.C. Zoning Commission last March, which officials approved in December. It states that the development will be nearly 90 feet tall and decline to 70 feet along its alley-facing south side. The project will also include an underground parking lot with 30 spaces as well as two bicycle rooms with space for roughly 50 bicycles. Residential units will range from studios to two-bedroom apartments. Once complete, the building will be about three blocks west of the Apollo site.

“H Street is one of the most historic streets in Washington, and over the course of the past decade our government and business leaders have returned it to its roots as an energized commercial and creative hub,” MRP Principal John Begert in a statement.

A stop on the D.C. streetcar is just outside the site, at 3rd and H streets NE.