Capitol Riverfront Development Progress
Capitol Riverfront development will continue since the DC Council recently approved funding to move DC Water facilities out of their current location at 1st and O Streets in Southeast DC. Mayor Vincent Gray proposed $9 million for the project, while the Economic Development Committee of the DC Council recommended $1 million. But the final vote allocates $6 million to DC Water relocation in 2014.
After DC Water moves out of its prime location near the Capitol Riverfront, Forest City Washington will redevelop the property as part of The Yards. Forest City Washington has had their eye on the DC Water site since they started negotiations for the land in 2006. The plan for those 4 acres is to expand The Yards with 400 residential units and retail.
The Yards is a 42-acre riverfront site east of the Navy Yard, west of Nationals Park, and north of the Anacostia River. The site, which includes several historically-protected formerly industrial buildings, used to be known as the Navy Yard Annex and the Naval Gun Factory. In 2004, GSA awarded the site to Forest City Washington for redevelopment. Construction began in 2007 with initial occupancy in 2011.
The Yards currently includes the Foundry Lofts apartments, retail, and restaurants. Foundry Lofts house 170 luxury apartments and 33 two-story penthouse units. Additional apartment buildings are planned for the Capitol Riverfront development.
Forest City Washington’s full build-out mixed-use plan for Capitol Riverfront development includes 2,800 apartments, 1.8 million square feet of office space, 400,000 square feet of retail and restaurant space, and the Yards Park. Amenities like a movie theater and enhanced public parkland are also in the works. In addition, a public marina at The Yards is planned for the second phase of park development. The marina will provide a dock for private boats, as well as a water taxi service to points along the river.
A Harris Teeter grocery store is also set to open in mid-2014 nearby at 4th and M Streets in Southeast. So progress continues on Capitol Riverfront development.