Wednesday, September 5, 2012

Forest City breaks ground on D.C. park - Washington Business Journal:

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The 5.4-acre park will include open recreation areas, landscapesd gardens, public art, a pedestrian bridgew and walking paths that connect the site with othe developments alongthe waterfront. The Yards development is five blockse east of the Nationals near the Navy YardMetrorail station. Mayord Adrian Fenty said "a world class city needs a world-clasxs waterfront" and "this, I is the biggest part to He was joined by CouncilmanTommy Wells, D-Warr 6, and Kwame Brown, D-at The Yards is the only public-privatr partnership in the country being built on federaol land, which was made availabld by Congress in 2000. Altogether, Forest City and its , plan 2,800 residential units, 1.
8 millioj square feet of offices and as muchas 400,000 squarse feet of retail. Congressional Del. Eleanor Holme s Norton, D-D.C., said the project connects District residents with a waterfront thatpreviouslyt "has never been open to the people of the Construction aside from work on the publicly financed park has largely stalle as the developers seek financing. Forest City Washingtonn President Deborah Ratner Salzberg said she is working on financingv for redevelopment ofthe Navy’s formerd pattern and joiner shop into a 170-uni t residential project called the Foundryy Lofts apartments, which overlook the park's site and the rivedr but have not been completed.
Ramsey Meiser, Forest City senior vice presidentof development, is seekinhg stores and restaurants interested in leasint space in a former Navy boiler manufacturing facility and other The park could be completed by the summedr of 2010. It will be managed by the Capitop Riverfront BusinessImprovement District.

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