Friday, September 1, 2017

Giant Waterfront Station II Redevelopment in Southwest D.C.

PN Hoffman, a developer of urban communities across the Washington Metropolitan Area, has been selected to develop Waterfront Station II, a 59,000-square-foot lot at 1000 Fourth Street, SW. The District-owned property is the last residential parcel to be developed at Waterfront Station.

The redevelopment plans for the parcel include a 400,000-square-foot, mixed-use community of 443 units, in addition to 22,500 square feet of neighborhood-serving retail space and a 10,000-square-foot black box theater.

The mixed-income housing will be comprised of 310 market-rate apartments and 133 affordable units - 30 percent of the total.

The development team is comprised of PN Hoffman, Paramount Development, ER Bacon Development, CityPartners and AHC Inc.

The entire project is designed to achieve LEED Gold certification.

Site Features:
•   One block from Waterfront Metro Station (Green Line)
•   Adjacent to CVS and one block from 55,000-sq-ft Safeway grocery store
•   Across from Southwest Branch Library and Amidon-Bowen Elementary School
•   Four blocks from I-395 on-ramp
•   Daily traffic volume on I-395: 163,800
•   Three blocks from newly expanded 1,400-seat Arena Stage
•   Less than half-mile to Southwest Waterfront
•   Less than one mile from Nationals Park
“The Southwest Waterfront is experiencing a renaissance unlike anything else in the District,” said PN Hoffman CEO, Monty Hoffman. "We are confident that our plan to revitalize a key portion of 4th Street SW will enhance the livability and allure of the neighborhood.”

“We are excited for the opportunity to continue our work in Southwest, and we look forward to providing significant new mixed-income housing, cultural space and retail to help complete the transformation of 4th Street SW,” said Shawn Seaman, senior vice president of development at PN Hoffman.

The overall Waterfront Station project includes twin office buildings at 1100 and 1101 Fourth St. SW, the Lex and Leo apartments (formerly Sky House East and West) at 1150 and 1151 Fourth St., a new mixed-use building from Forest City Washington at 1001 Fourth St., and future office buildings at 375 and 425 M St. SW.

The Capitol Vista site at Second and H streets NW will be redeveloped as affordable housing and 3,000 square feet of retail by Voltron Community Partners (Dantes Partners and Spectrum Management).

At Truxton Circle, 1520-1522 North Capitol St. NW., Urban Green and Flywheel Development will build a net-zero, mixed-use, all-affordable project with a ground-floor restaurant.

PN Hoffman is investing heavily in Southwest DC. They are developing The Wharf, a 3.2 million square foot neighborhood on one mile of Washington, DC’s southwest waterfront, as well as 525 Water, a luxury condominium building adjacent to The Wharf, and Riverside Baptist Church.

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