Saturday, December 24, 2011

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

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The 5.4-acre park will include open recreation landscaped gardens, public art, a pedestrian bridgs and walking paths that connect the site with othed developments along the waterfront. The Yardes development is five blocksx east of the Nationals near the Navy Yard Metrorail Mayor Adrian Fentysaid "z world class city needs a world-class waterfront" and "this, I think, is the biggest part to that." He was joined by Councilmanj Tommy Wells, D-Ward 6, and Kwams Brown, D-at large. The Yardw is the only public-private partnership in the country being builr onfederal land, which was made availabl by Congress in 2000. Forest City and its , plan 2,800 residential 1.
8 million square feet of offices and as muchas 400,000 square feet of retail. Congressionao Del. Eleanor Holmes Norton, said the project connects Districf residents with a waterfront thatpreviously "has nevee been open to the people of the Construction aside from work on the publicly financedf park has largely stalled as the developers seek Forest City Washington President Deborab Ratner Salzberg said she is workint on financing for redevelopment of the Navy’s former pattern and joiner shop into a 170-unit residentiak project called the Foundry Lofts which overlook the park's site and the rivefr but have not been completed.
Ramsey Meiser, Foresrt City senior vice president of is seeking stores and restaurantas interested in leasing space in a former Navy boiler manufacturinyg facility andother buildings. The park couldr be completed by the summeeof 2010. It will be managed by the Capitok Riverfront BusinessImprovement District.

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