Sunday, October 25, 2020

The Parks at Walter Reed - Part II


In 2013, the District chose the team of  Hines, Urban Atlantic and Triden as Master Developer, with Torti Gallas as the master planner, charged with redevelopment of the equivalent of a small town, beginning with the removal of the 2.7m square foot brutalist hospital, a-year long endeavor due to its massive size, conducted by demolition giant NorthStar Contracting Group.  The team then lead a $700m investment reintegrate the site back into the city, removing barriers and regrading to allow street connections.  "We connected streets everywhere the grade would allow us" said John Torti of his firm's efforts to conform the site to the city's carefully detailed plan.  

Washington DC commercial real estate, Parks at Walter Reed

15 of the 66 acres are preserved as open space, with "many many parks sprinkled throughout."  Dahlia Street is to become a main entrance and go through State Department's portion, which has promised to connect it through.  Add to that 182 units of senior housing, 500 condos, 1200 apartments, nearly 200,000 s.f. of office, 150,000 s.f. of hotel, 260,000 s.f. of retail (including of course the 40,000 s.f. Whole Foods), as well as a 350,000 s.f. research facility by Children's National Health System and a new ambulatory care center by Howard University, incorporating many of the historic buildings on the site.   The project is being phased over many years, but the Vale (300 unit apartment building) and the Brooks (89 condo units) are set to be the first major deliveries early next year.
Washington DC commercial real estate, Parks at Walter Reed

Washington DC commercial real estate, Parks at Walter Reed

Washington DC commercial property, Parks at Walter Reed

Washington DC commercial property, Parks at Walter Reed, retail for lease

Washington DC commercial property, Parks at Walter Reed, retail for lease

Washington DC commercial property, Parks at Walter Reed, retail for lease

Washington DC commercial property, Parks at Walter Reed, DC retail for lease

Washington DC commercial property, Parks at Walter Reed, retail for lease

Washington DC commercial property for sale, Parks at Walter Reed, DC retail for lease, demolition by Northstar Construction Group

Washington DC commercial property for sale, Parks at Walter Reed, DC retail for lease

Washington DC commercial property for sale, Parks at Walter Reed, DC retail for lease

Washington DC commercial property for sale, Parks at Walter Reed, DC retail for lease

Washington DC commercial real estate for sale, Parks at Walter Reed, DC retail for lease

Washington DC commercial property for sale, Parks at Walter Reed, DC retail for lease

Washington DC commercial property for sale, Parks at Walter Reed, DC retail for lease

Washington DC commercial property for sale, Parks at Walter Reed, DC retail for lease

Washington DC commercial property for sale, Parks at Walter Reed, DC retail for lease

Hines, Urban Atlantic, Walter Reed, Northstar

Washington DC commercial property news

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