SW Waterfront

Rendering courtesy of Interface Multimedia

From a press release:

“PN Hoffman (PNH), a developer of urban mixed-use properties and communities across the Washington Metropolitan Area, announced today its plans to redevelop the St Augustine’s Church site in Southwest next to The Wharf project providing a new Church facing Maine Ave. and an adjoining condominium building of 108 units.

Across from Arena Stage, the newly created condo residences called 600 Water Street will adjoin an expansive new park overlooking the water. The 105,000 square foot residential building will consist of four floors plus generous penthouses with terraces. The residences include 94 parking spaces below grade, and will feature a variety of amenities, such as a residents’ club room equipped with a bar and kitchen, and a landscaped courtyard with fountains. Proximity to the waterfront and the series of restaurants and entertainment venues now under construction at The Wharf will provide neighborhood amenities.

“We are excited about working with the Church to reposition it for generations to come and creating new luxury residences for The Wharf neighborhood,” said Monty Hoffman, founder and CEO of PNH. “These residences will join the well-established and desirable Southwest neighborhood embracing a new and serene 3.5-acre park setting adjacent to the water. This neighborhood will enjoy an easy stroll along the shoreline to the more activated community of the Wharf between 7th Street and the timeless Fish Market.”

Construction on 600 Water Street is expected to take 20 months, with permits expected by late July. Sales are expected to begin in the second quarter of 2015.”

1st and R Street, SW

From a press release:

“Mayor Vincent C. Gray announced that the District has reached final business terms with Major League Soccer’s D.C. United for a new 20-25,000-seat stadium in the Buzzard Point neighborhood of Southwest Washington, D.C. The legislation was delivered to the D.C. Council for approval. The District now controls approximately 88 percent of the proposed site and has also brokered an agreement in principle for acquisition of the final parcels for full possession of the required land for the stadium.

“This is a major step forward for economic development in the District of Columbia,” said Mayor Gray. “The new soccer stadium will be the connector between developing areas around our baseball stadium and the new Wharf development along our Southwest Waterfront. The new soccer stadium is the final catalyst for what is certain to become one of the most vibrant and sustainable sports and retail districts in America.”

Last July, Mayor Gray and D.C. United announced a preliminary term sheet for a unique public-private partnership with Akridge, a real estate development firm, and PEPCO, the regional electric utility that includes a series of land transactions to support the approximately $300 million project. The development of the new soccer stadium at Buzzard Point provides an opportunity to leverage the District’s investment in Nationals Park and the South Capitol Street Bridge to transform an undeveloped and underused area into a vibrant and environmentally friendly new waterfront neighborhood.

Frank D. Reeves Center at 14th and U Street, NW

By exchanging the Frank D. Reeves Center of Municipal Affairs with Akridge for a majority of the stadium site, this asset will be used to support the project while creating a new source of tax revenue. The plan also calls for current Reeves Center tenants as well as District agencies in leased space to relocate to a “new Reeves” municipal facility in Anacostia near the intersection of Martin Luther King, Jr. Avenue and Good Hope Road SE. (more…)