Rendering via Walter Reed Local Redevelopment Authority
From the Mayor’s Office:
“Today, Mayor Bowser broke ground on The Parks at Walter Reed, a redevelopment project that will create 3.1 million square-feet of residential, office, and retail space in Ward 4. The project will also create 6,000 jobs, 2,100 units of housing, 432 of which will be affordable, and nearly one billion dollars in tax-generated revenue over 30 years. The Mayor was joined at today’s groundbreaking by Ward 4 Councilmember Brandon Todd, Ward 5 Councilmember Kenyan McDuffie, and representatives from the master development team Hines, Urban Atlantic, and Triden.
“In Washington, DC, we value inclusive prosperity, and through transformative development projects like this one, we can bring jobs, affordable housing, and economic opportunity to thousands of District residents,” said Mayor Bowser. “This effort has been years in the making, and now the future is bright for Walter Reed, Ward 4, and the entire community.”
This groundbreaking makes way for the first phase of infrastructure improvements, including: demolition of Building 2, the 1970s era hospital, which will set the stage for the development of a new town center; preservation of historic buildings; development of a new water main and other utility services; and landscape improvements.
“We are excited to break ground on Walter Reed because it means more local job opportunities and amenities at this catalytic development. Walter Reed is another positive signal of our growing economy and our emergence as a national leader in affordable housing, retail, hospitality and tourism,” said Deputy Mayor for Planning and Economic Development Brian Kenner.
The Parks at Walter Reed will be phased over a 10-15 year period and will include: (more…)