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October 5, 2007
Groundbreaking news at Forest City's other "Yards"
For those of you who are keeping tabs on what Atlantic Yards developer Forest City Enterprises is doing elsewhere in the nation, here's the groundbreaking news from their other project, called "The Yards."
Washington Post, A Chorus of Praise for the Yards
For decades, the 42-acre stretch of Anacostia River waterfront was a walled-off preserve controlled by the federal government, a place where the Navy once made torpedo tubes and boilers for its ships.
Now, a developer plans to transform that stretch into 5.2 million square feet of condominiums, offices, restaurants, high-end retail and a five-acre park, all of it a stone's throw from where the Washington Nationals' stadium is being built.
...
The Forest City development is among a slew of projects that are transforming the once-industrial section of the city. On the north side of M Street SE, a developer is building residential, office and retail space along the broad swath that was once home to the Capper/Carrollsburg public housing project.On M Street, bordering the Forest City project, the U.S. Department of Transportation recently opened a new headquarters.
Washingtonian.com, “A Renaissance of Our City”
Forest City, a real-estate company headed locally by Deborah Ratner Salzberg, is working closely with the federal General Services Admistration, which still owns the land—originally part of Washington Navy Yard. “This has and will continue to be a very significant public/private partnership that will pay dividends for District residents for a long time to come,” Salzberg said.
Posted by lumi at October 5, 2007 9:12 AM