Between March 1988 and January 1989, a holding company known as 1330 L Street Associates L.P. purchased the four smaller plots of land on the southwest corner of the intersection of L and 14th Streets NW and merged them into a single large parcel.
The cost of the four plots totaled $40.3 million.

In April 1989, Chubb Realty paid $64 million for the 1 acre (4,000 m²) site. (
The Washington Post listed the size of the plot at 42,808 square feet (3,977.0 m²).)
It was a record price for a parcel of land in downtown Washington, D.C. The Evans Partnership, a real estate investment firm formed by fashion entrepreneur Charles Evans and his brother-in-law, Michael Shure, was the new owner of the lot, while Chubb Realty provided the financing.
Crimson Services, a property acquisition consultant, acted as go-between for Evans Partnership and 1330 L Street Associates.

Evans Partnership said it intended to build an 11-story, 460,000 square feet (43,000 m²) office building.
It hired architect Arthur May of the firm of Kohn Pedersen Fox to design the structure.

Construction on 1099 14th Street NW began in March 1990.
The Washington Post reported that the $200 million building would contain only 450,000 square feet (42,000 m²) of interior space.
A completion date of late 1991 was planned.
In April 1990, Australian Capital Equity (an investment holding company owned by Australian businessman Kerry Stokes) purchased a 25 percent ownership equity in the structure.
Chubb Realty continued to hold a majority ownership stake, and Evans Partnership retained its minority interest as well.
The structure was on track for a fall 1991 opening in December 1990.
However, the building was completed in 1992.
Between March 1988 and January 1989, a holding company known as 1330 L Street Associates L.P. purchased the four smaller plots of land on the southwest corner of the intersection of L and 14th Streets NW and merged them into a single large parcel. The cost of the four plots totaled $40.3 million.
In April 1989, Chubb Realty paid $64 million for the 1 acre (4,000 m²) site. (The Washington Post listed the size of the plot at 42,808 square feet (3,977.0 m²).) It was a record price for a parcel of land in downtown Washington, D.C. The Evans Partnership, a real estate investment firm formed by fashion entrepreneur Charles Evans and his brother-in-law, Michael Shure, was the new owner of the lot, while Chubb Realty provided the financing. Crimson Services, a property acquisition consultant, acted as go-between for Evans Partnership and 1330 L Street Associates.
Evans Partnership said it intended to build an 11-story, 460,000 square feet (43,000 m²) office building. It hired architect Arthur May of the firm of Kohn Pedersen Fox to design the structure.
Construction on 1099 14th Street NW began in March 1990. The Washington Post reported that the $200 million building would contain only 450,000 square feet (42,000 m²) of interior space. A completion date of late 1991 was planned. In April 1990, Australian Capital Equity (an investment holding company owned by Australian businessman Kerry Stokes) purchased a 25 percent ownership equity in the structure. Chubb Realty continued to hold a majority ownership stake, and Evans Partnership retained its minority interest as well. The structure was on track for a fall 1991 opening in December 1990. However, the building was completed in 1992.
1099 14th Street