Narrative Description

The Southwest Waterfront encompasses 23 acres of waterfront land and a 30-acre water area along the Washington Channel, from the historic Fish Wharf to the north to Ft. McNair to the south. The plans for the site call for a vibrant urban destination that blends maritime activity, commerce, culture and residential housing. The project will include restaurants, shops, hotels and new cultural attractions. The redevelopment plans, approved by the DC Council in 2003, include 14 acres of parks and open space, as well as an expanded pedestrian promenade, new public piers and an improved marina to increase public access to the Washington Channel and the water.

The District has agreed to invest almost $200 million through and innovative financing program that will leverage future taxes generated at the site to pay for new infrastructure associated with the project including roads, sewers, utilities, parks, bulkheads and public piers.

Development Partners

Hoffman-Struever Waterfront LLC ( PN Hoffman and Struever Bros. Eccles & Rouse)

Location

Between Water Street SW and the Washington Channel

Next Steps

Construction and Development: Begins 2010

Development Program

• Market Rate Residential Units: 540
• Affordable Residential Units: 230
• Hotel Rooms: 500 rooms
• Office (GSF): 280,000
• Cultural Space: 150,000
• Parks/Open Space: 14 acres
• Development Cost: $1.5 billion

• $200 million in infrastructure upgrades, including new parks
• Expansion and improvements to the historic Fish Market
• New opportunity for new cultural and heritage sites
• 230 units of affordable housing Improvements to Maine Avenue, SW as an urban boulevard

• Creation of 2,880 permanent jobs across multiple industries
• $35-40 million in annual taxes generated from sales, income real estate, hotel and parking taxes
• Creation of 3,000 construction jobs

• LEED-Silver mixed-use development