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…
