Tuesday, March 18, 2014

DC's Southwest Waterfront Project Breaks Ground

The WharfThe Wharf on Washington, D.C.'s Southwest Waterfront project developed by PN Hoffman and Madison Marquette, broke ground this week in a ceremony attended by Mayor Vincent Gray and three members of the D.C. Council. The groundbreaking was the District's biggest since CityCenterDC in April 2011, and landed three days into early voting for D.C.'s Democratic primary. The $1.5-billion Wharf project now beings Phase 1 of development, which covers 24 acres of land, more than 50 acres of waterfront, and a building area over 1.9 million GSF.

The Wharf, said Ward 6 Councilmember Tommy Wells, will be "one of the most remarkable developments anywhere on the planet." David Brainerd of Madison Marquette called it "one of the most exciting development projects ever constructed in the city of Washington, D.C."

According to Stan Eckstut, Principal of EE&K a Perkins Eastman company, who is leading the project's design team, "We're proud to be helping return the city back to where it began, with mixed uses and high density all activating one of the world's premier maritime destinations. Designing The Wharf is about creating places where people want to live and visit, bringing the human scale to a large-scale development. It's pedestrian-oriented, water-oriented, and transit-oriented development all in one."

Set for completion in 2017, The Wharf will offer hundreds of new apartments and condos, high- end hotels, office space, a movie theater, restaurants, an Irish pub, a jazz club and a piano bar. A visual tour of the new Southwest Waterfront is available via the Washington Business Journal.

For more news and information visit Blumberg Capital Partners.

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