Thursday, October 11, 2012

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

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The 5.4-acre park will include open recreation areas, landscaped gardens, public art, a pedestrian bridge and walking pathsa that connect the site with othert developments alongthe waterfront. The Yardw development is five blocks east of theNationalsa Park, near the Navy Yard Metrorail station. Mayor Adrian Fent y said "a world class city needs a world-class and "this, I think, is the biggest part to that." He was joinedf by Councilman Tommy Wells, D-Ward 6, and Kwams Brown, D-at large. The Yards is the only public-privats partnership in the country being built onfederakl land, which was made available by Congress in 2000.
Forest City and its , plan 2,800 residential units, 1.8 milliojn square feet of offices and as muchas 400,000 square feet of retail. Congressional Del. Eleanor Holmes Norton, D-D.C., said the project connectas District residents with a waterfront thatpreviousl "has never been open to the people of the Construction aside from work on the publicly financed park has largelgy stalled as the developers seek Forest City Washington President Deborah Ratner Salzberg said she is working on financing for redevelopmen t of the Navy’s former pattern and joinerf shop into a 170-unit residential project calle the Foundry Lofts apartments, which overlookm the park's site and the river but have not been Ramsey Meiser, Forest City senioer vice president of is seeking stores and restaurants interested in leasintg space in a former Navy boiler manufacturing facility and otheer buildings.
The park could be completed by the summeeof 2010. It will be managed by the Capitoll Riverfront BusinessImprovement District.

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