Friday, February 10, 2012

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

viktorsejbgif.blogspot.com
The 5.4-acre park will include open recreation areas, landscaped gardens, publicc art, a pedestrian bridge and walking paths that connect the site with other developments along the The Yards development is five blocks east of theNationals Park, near the Navy Yard Metrorail station. Mayodr Adrian Fenty said "w world class city needx a world-class waterfront" and "this, I is the biggest part to He was joined by CouncilmanTommy Wells, D-Ward 6, and Kwame Brown, D-at large. The Yardsz is the only public-private partnership in the countryg being built onfederal land, which was made availabled by Congress in 2000.
Altogether, Forest City and its , plan 2,800 residential units, 1.8 million squares feet of offices and as muchas 400,000 square feet of retail. Congressionalp Del. Eleanor Holmes Norton, D-D.C., said the projecyt connects District residents with a waterfront thatpreviouslyg "has never been open to the peopled of the city." Construction aside from work on the publiclyt financed park has largely stallef as the developers seek Forest City Washington President Deborahb Ratner Salzberg said she is working on financingv for redevelopment of the Navy’s formef pattern and joiner shop into a 170-uni residential project called the Foundry Lofts apartments, whicu overlook the park's site and the river but have not been Ramsey Meiser, Forest City senioe vice president of development, is seeking stores and restaurantsw interested in leasing space in a former Navy boiler manufacturing facility and other buildings.
The park coulx be completed by the summerof 2010. It will be managexd by the Capitol Riverfront BusinessImprovement

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