Thursday, May 04, 2006

DC Wakes Up, Realizes It's Surrounded By Water

This past Monday (May 1) marked the due date for development companies interested in the redevelopment of almost 50 acres of land along the Washington Channel (now home to big, mediocre restaurants and clubs) in Southwest DC to submit proposals to the Anacostia Waterfront Corporation (AWC). Seventeen developers heeded the call, including local firms Akridge, JBG, Trammell Crow. The AWC is dreaming of a gleaming new $500 million waterfront full of “maritime-themed” (uh-oh) housing and retail. If legal hurdles over the land are cleared by the DC Council, the AWC can expect to complete its hold on the property and begin the redevelopment process, with a developer (or developers) selected by the end of the year. Together with the AWC’s development of an entertainment district around the new Nationals ballpark, Southwest DC should expect some radical changes over the next few years.



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