The show’s producers have offers from three television stations on the table, and they’re expected to finalize a deal within days. Although the water cooler gossip fingers MTV, Bravo and The CW as the likely targets, an MTV spokesman told Yeas & Nays that it is “absolutely not involved.”

One thing is set in stone, however: the first cast members. They are local socialites/hotties/20-somethings Katherine Kennedy, Krista Johnson and Sophie Pyle. Johnson’s younger sister, Alexa Johnson, may also play a role in the show. (Both Johnson sisters are alumnae of South Carolina’s College of Charleston, Kennedy graduated from Loyola Marymount and Pyle is taking a semester off from the University of North Carolina at Chapel Hill.)

PB&J’s Havva Eisenbaum, who has been involved in getting the show off the ground, said the producers expect to cast “two to three” more cast members in coming weeks, and they’ll start scouting locations this summer with filming set to begin in September (slated for two days a week).

(Above: Alexa, Krista, Katherine, Sophie)

“It’s all going to be about our real lives,” said Krista Johnson, who is a partner at the Georgetown boutique We One You Two. “It’s going to be in the same vein of MTV’s ‘The Hills’ but ours is going to be more realistic.”

Eisenbaum agrees, envisioning it as “The Hills,” comes to Washington, which means that it’s only a matter of time before a feud breaks out between these two girls, a la Lauren Conrad and Heidi Montag.

So what about the boys in the girls’ lives? Any Spencers? We’ll have to wait and see: Katherine once dated former D.C. United star Bobby Boswell and Krista tells us that “I am going out on dates but not dating anyone.” Pyle says that she’s totally single.

Kennedy claims she had reservations about the show. “I’ll be honest, when they first approached me I had no desire to do reality TV. … My biggest concern is protecting my relationships and not putting them in jeopardy through the potential negativefuss of reality TV.”

Also: You may remember that Late Night Shots, the social networking site for the preppy set, was assisting producers in recruiting the cast. Eisenbaum said LNS is “definitely a part of the show,” but it’s unclear whether it will be part of the show’s title.

Among those you won’t be seeing: Georgetown party princesses Coventry Burke and Andrea Rodgers. Each was featured prominently in a City Paper expose of Late Night Shots last summer. Rodgers told us she “had conversations” with the producers, but “I thought better of it.” She added that she might consider doing “cameo appearances.”

And you may also not see any filming at regular Young & The Hottest watering hole, the Gryphon Room. Founder Fritz Brogan tells us that he’s leery of disturbing the privacy of his regular customers with a huge filming crew.

PB&J founders Patti Ivins and Julie Pizzi (CNN Washington bureau alumni, as it happens) have worked on MTV’s “Road Rules,” FOX’s “The Simple Life” and “Who Wants to Be a Playboy Playmate?,” TLC’s “Date My House” and CMT’s “Pageant School: Becoming Miss America.”