Gunshots were reported inside Arrow Wine & Liquor stores on Ave. N at 1:30 this afternoon, and police arrived shortly after.
The number of hostages being held is still unconfirmed. Hostage negotiators and "heavily-armed" police officers have made a perimeter around the store.
UPDATE: Fox News reports that all of the hostages have fled the store, and one gunman has turned himself in. As of 5:10 pm there was still another gunman in the store.
UPDATE II: The Times reports that the armed standoff ended without incident. The two men in the foiled robbery turned themselves in Wednesday afternoon.