2006-05-19, 10:42

DC authority gets 17 expressions of interest for mixed-use waterfront

By: Jonathan Groner
On May 1, 2006, the Anacostia Waterfront Corporation, the authority that has the task of redeveloping the Southwest Waterfront in the District of Columbia, announced that it has heard from 17 developers that are interested in handling the job. On March 1, 2006, the corporation had asked for expressions of interest by developers with experience in large-scale, mixed-use, retail, residential, and public-private development.

The plan to redevelop the 47-acre area, which is now publicly owned, calls for mixed-use development. The D.C. Council voted in 2003 to transform the somewhat dilapidated area into a "vibrant urban neighborhood" that includes residential, commercial, and cultural uses. When completed, the waterfront would have a new hotel, restaurants, shops, 14 acres of parks and open space, and a riverfront area that would have new piers to provide public access to the water.

It's not known when or how the development corporation will respond to the proposals, which are formally entitled "expressions of interest." It can select a developer or developer team entirely on the basis of those responses, or it could choose to issue a formal request for proposals (RFP).

A key question is whether the corporation will go with a well-known name or names from the D.C. development community or with a company that is based elsewhere. Among those responding were major D.C. developers such as Akridge, Carr Enterprises, Trammell Crow, East Banc, the JBG Companies, and Western Development Corporation. Developers from Chicago, Baltimore, and New York also responded.

0 Comments:

Post a Comment

Links to this post:

Create a Link

<< Home

back to top