2006-06-15, 11:37

Waterfront contenders narrowed to five developers

By: Jonathan Groner
The Washington Business Journal reported on Tuesday, June 13, that the Anacostia Waterfront Corporation, which is in charge of redeveloping the Southwest Waterfront in the District of Columbia, has trimmed the list of developers being considered for the work from 17 to five. Seventeen developers or developer groups had expressed interest in redeveloping the 47-acre area. The plan calls for mixed-use development, and one of the criteria for selection was experience in mixed-use development. The AWC says it hopes to name the winning development team by the end of the summer.

The plan would involve the construction of hundreds of housing units, as well as commercial development including restaurants, shops, and possible a hotel. Interestingly, of the five remaining contenders, two are from outside the D.C. area -- one from Baltimore and one from Chicago.

The five remaining groups are:

EastBanc - LNR Waterfront Partners
Madison/KSI Waterfront Partners
PN Hoffman/Streuver Brothers Eccles & Rouse (based in Baltimore)
SW Waterfront LLC, which is headed by Bethesda's JBG Cos.
The John Buck Company (based in Chicago)

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