Rendering via Hines
From a press release:
“Hines, Urban Atlantic, and Triden Development Group along with joint venture partner, Bridge Investment Group, announced today they have closed on one and a half acres at The Parks at Walter Reed to develop The Hartley, a 323-unit luxury, multifamily property, anchored by natural and organic grocer Whole Foods Market. Santander Bank N.A. and EagleBank are providing the construction financing.
Construction on The Hartley is expected to begin in May 2020 with completion of the project in early 2022.
The Hartley will be the third new construction phase to commence on site with The Brooks, 89 elegantly appointed condominium residences (www.thebrooksdc.com), and the Vale, 301 apartments and 18,000 square feet of retail, currently underway. Designed with 323 rental units, including 32 affordable units, and 58,000 square feet of retail, The Hartley is the centerpiece of the vibrant Town Center, which will feature 100,000 square feet of dining, shopping, and entertainment around an active plaza fronting Georgia Avenue.
“Bridge Investment Group is excited to be involved in this iconic project as part of the master plan for the former Walter Reed complex just north of Washington, D.C. This represents a major milestone for us to provide quality residential units within a historic landmark alongside our partners Hines, Triden and Urban Atlantic,” said Bridge Investment Group’s Chief Investment Officer, David Coelho.
“As the focal point of the Town Center, The Hartley will be critical in transforming The Parks and opening the site to the community. We are excited to work with Bridge on this project given their depth of experience in multifamily development,” said Hines Senior Managing Director Chuck Watters.
Torti Gallas Urban is the architect for The Hartley with interior design by Hickok Cole Lifestyle and landscape design by Oehme van Sweden. Retail broker CBRE+Streetsense is engaged for the Parks retail leasing.”
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