Waterfront Associates are developing the 13-acre site into 2.1 million square feet of office, residential and retail space. The plan also calls for reopening Fourth Street, which was closed off when the 1960s-era urban renewal project was built. The DC Government has committed to lease 500,000 square feet and anchor Phase I, which will total two office LEED Silver buildings will deliver in 1Q 2010 and the residential buildings will open in 2010 or 2011. Overall, the project will include about 1.2 million square feet or class-A office space. There is potential for up to 140,000 square feet of retail on the site and 400,000 square feet of additional office space if the planned residential building in the northwest corner changes to office. Demolition of the existing building began in 11/2007.

Development Partners
Waterfront Associates, a partnership of Forest City Washington, Vornado/Charles E Smith and Bresler & Reiner

Architects
Shalom Baranes Architects
Solomon Cordell Buenz

Next Steps
• Phase I Construction and Development began 11/2007 and scheduled for completion late 2010.
• Phase II is in the planning phase

Development Program
• Residential (GSF): 1.2 million
• Office (GSF): 1.2 million
• Retail (GSF): 110,000
• Cultural Space: 150,000
• Parks/Open Space: 14 acres
• Development Cost: $ 1.5 billion

Phase I Program
• Residential: 400 units
• Office (GSF): 620,000
• Retail (GSF): 52,700

Phase II Program
• Office (GSF): 500,000
• Retail (GSF): 80,000
• Parking: 1,900 spaces