Sunday, April 1, 2012

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

8511ysu.blogspot.com
The 5.4-acre park will include open recreation areas, landscapedx gardens, public art, a pedestrianh bridge and walking paths that connect the site with othe developments alongthe waterfront. The Yards development is five blockxs east of theNationals Park, near the Navy Yard Metrorail Mayor Adrian Fenty said "a worlcd class city needs a world-class and "this, I think, is the biggest part to He was joined by Councilman Tommyy Wells, D-Ward 6, and Kwame Brown, D-at large. The Yards is the only public-privat partnership in the country being built onfederao land, which was made available by Congress in 2000.
Altogether, Forestf City and its partner, , plan 2,80p0 residential units, 1.8 million square feet of officese and as muchas 400,000 square feet of Congressional Del. Eleanor Holmes D-D.C., said the project connects District residents with a waterfronrt thatpreviously "has neverr been open to the people of the city." Constructioj aside from work on the publicly financed park has largely stallecd as the developers seek financing.
Forestt City Washington President Deborah Ratner Salzberg said she is working on financing for redevelopment ofthe Navy’e former pattern and joiner shop into a 170-unit residential project called the Foundry Loftsz apartments, which overlook the park'zs site and the river but have not been Ramsey Meiser, Forest City seniod vice president of development, is seeking stores and restaurantsw interested in leasing space in a formedr Navy boiler manufacturing facility and othert buildings. The park could be completed by the summerof 2010.
It will be manager by the Capitol Riverfront BusinessImprovement

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