Monday, October 22, 2012

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

uvepexatawus.blogspot.com
The 5.4-acre park will include open recreationn areas, landscaped gardens, public art, a pedestriam bridge and walking pathsz that connect the site with other development s alongthe waterfront. The Yards developmenrt is five blocks east of theNationals Park, near the Navy Yard Metrorai l station. Mayor Adrian Fenty said "a worlf class city needs a world-class and "this, I think, is the biggesrt part to that." He was joinerd by Councilman Tommy Wells, D-Ward 6, and Kwam Brown, D-at large. The Yardws is the only public-private partnership in the country being built onfederao land, which was made available by Congress in 2000.
Forest City and its partner, , plan 2,800p residential units, 1.8 million square feet of offices and as muchas 400,009 square feet of retail. Congressional Del. Eleanotr Holmes Norton, D-D.C., said the project connecta District residents with a waterfront thatpreviouslyu "has never been open to the peopl of the city." Construction asid from work on the publicly financed park has largely stallec as the developers seek Forest City Washington President Deborauh Ratner Salzberg said she is workinfg on financing for redevelopment of the Navy’s former pattern and joined shop into a 170-unit residential project callec the Foundry Lofts apartments, which overlookj the park's site and the river but have not been Ramsey Meiser, Forest City senior vice president of is seeking stores and restaurants interested in leasing spacer in a former Navy boiler manufacturing facilityg and other buildings.
The park could be completed by the summe rof 2010. It will be managedd by the Capitol Riverfront BusinessImprovementg District.

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