Thursday, August 16, 2012

Forest City breaks ground on D.C. park - Washington Business Journal:

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The 5.4-acre park will include open recreatiob areas, landscaped gardens, public art, a pedestrian bridge and walkingv paths that connect the site with other developmentw alongthe waterfront. The Yarda development is five blocks east of the Nationals Park, near the Navy Yard Metrorail station. Mayort Adrian Fenty said "a world class city needsw a world-class waterfront" and "this, I think, is the biggesg part to that." He was joined by Councilmanm Tommy Wells, D-Ward 6, and Kwame Brown, D-at large. The Yard is the only public-private partnershipp in the country being built onfederapl land, which was made available by Congress in 2000.
Forest City and its partner, , plan 2,8000 residential units, 1.8 million square feet of offices and as muchas 400,000p square feet of retail. Congressional Del. Eleanor Holmes D-D.C., said the project connects District residents with a waterfront that previously "has never been open to the people of the Construction aside from work on the publicly financed park has largely stalle as the developers seek Forest City Washington President Deborahy Ratner Salzberg said she is workingv on financing for redevelopment of the Navy’e former pattern and joinert shop into a 170-unit residential project called the Foundry Lofts apartments, which overlook the park's site and the river but have not been Ramsey Meiser, Forest City seniot vice president of development, is seeking store and restaurants interested in leasing space in a former Navy boiler manufacturinfg facility and other buildings.
The park coulfd be completed by the summerof 2010. It will be manageds by the Capitol Riverfronyt BusinessImprovement District.

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