U Street land baron JBG has been trying to get something going on the southwest corner of 13th and U Streets NW for more than three years now, and after getting existing tenant Rite Aid to move, may have finally hit upon the winning formula: 135 residential units with ground floor retail. They’ve kept David M. Schwarz Architects, which did the last hotel design and the concept drawing above.

I missed out on last night’s meeting on the subject, so that’s about all I know for now.

UPDATE: Borderstan’s got a bit more.