A team led by PN Hoffman Inc. and Struever Bros. Eccles & Rouse spent two years getting control of a site on the Southwest waterfront and lining up partnerships before asking the city to contribute its long-promised portion of land for the project.
The development offers 700 residential units, three office buildings, three hotels, more than 300,000 square feet of retail, a maritime museum and 10 acres of public space, including four piers — an entire new neighborhood for Southwest D.C.
After months of fits and starts, D.C. Councilman Kwame Brown, chairman of the Economic Development Committee, and Neil Albert, the deputy mayor for economic development, came together on an agreement the council passed unanimously during its last day of voting for the year. Next step for the development team: getting financing.
Friday, December 26, 2008
SW Waterfront One of WBJ's Top Stories
As I predicted on Sunday, the Washington Business Journal (subscribers only) has listed the Southwest Waterfront as one of its top Commercial Real Estate development stories of the year. From the article:
Next week, Southwest...TLQTC will compile a list of the top Southwest stories of 2008.