OVERVIEW

District Development with a Vision for Reinvention

Washington, D.C. development has a solid reputation for value retention and weathering economic downturns while positively impacting communities, residents, and businesses. Since 2010, the city has averaged more than 10 million square feet of groundbreakings annually highlighting the confidence developers & businesses have in the market.

Four major mixed-use projects, currently under construction, headline the DC development landscape.

• The former Fannie Mae headquarters is being reshaped into City Ridge, a 1.1 million sq. ft. building for mixed use. Residential, retail, office and hotel space are in the plans, which also include an 82,000 sq. ft. Wegmans grocery store.
• In southeast D.C., Skyland Town Center is an 18.5-acre new urban living, mixed-use project that blends retail and residential. Phase I is under construction to include 117,000 sq. ft. of retail, including a CVS Pharmacy.
• The Parks at Walter Reed is a 66-acre redevelopment of the former Walter Reed Army Medical Center includes 3.1 million square feet of mixed-use development and adaptive reuse of existing historic buildings, new construction and 20-plus acres of open space. Anchor tenants include Whole Foods, Hyatt, and Children’s Hospital will be opening its new National Research & Innovation Campus, anchored by a Johnson & Johnson JLabs.
• The Anacostia Crossing is located adjacent to the 11th Street Bridge in Southeast DC. Anacostia Crossing, DC’s first elevated public park, will include a range of cultural amenities, including performance space, play areas, public art, and an Exelon Environmental Education Center.