A $125 million office complex and luxury hotel will be constructed as a joint venture by Sheraton Corp. and a local development firm at New Jersey Avenue and F Street NW, about four blocks from the Capitol.

Ground breaking ceremonies on the project, which developers have named Capitol Place, will be Monday.

"This project is giving Capitol Hill the quality 'K Street' building and hotel that it has never had," said Sheldon B. Kamins.

Kamins, along with partners Gary S. Frank and Herbert Blum, is a developer of the hotel and 450,000-square-foot office complex.

The project, which was designed by Washington architect Vlastimil Koubek, is "Washington's interpretation of the neoclassical design," Kamins said.

A 272-room, 15-story hotel and the first of three office buildings planned for the site are scheduled to be completed in the fall of 1984. The first office building, which Kamins described as "substantially leased," will be the new headquarters of the American Federation of Teachers.

Although the 12-story office buildings will be separate structures, they will be integrated into a single complex. "We're trying to create a concept of a mutual beneficial relationship," Kamins explained.

A four-story covered atrium, which developers described as the largest in the District, will form the hotel's lobby and provide access to the three office buildings.

Several of the project's features have been designed to provide a total living and working area for the business traveler. For example, the bath in each of the hotel's rooms will be equipped with a television set and telephone. The hotel also will provide catering for meetings and conferences in the office complex.

In addition to luxury guest rooms, the hotel will contain 23 suites, six hospitality rooms, four meeting rooms, a gift shop, a cafe, a specialty restaurant and a ballroom.

The new Sheraton -- the chain's third in Washington -- will be the first new hotel to be built in the Capitol Hill area since the Hyatt Regency was completed in 1976.