Investor Presentaiton
SOUTHWEST WATERFRONT - WE ARE
THE WHARF
WASHINGTON
DC
Project Background:
The Southwest Waterfront is an emerging neighborhood
steps away from the National Mall. The 27-acre site will
be transformed through Washington D.C.'s waterfront
revitalization efforts. The vision for this neighborhood is
a true urban waterfront where retail, residential,
cultural, and maritime as well as community activity
comes together.
The Wharf is a mixed-use waterfront opportunity,
coming to life in the heart of the Nation's Capital.
Located within walking distance of major commerce,
The Wharf is centrally situated on the Potomac River,
along the historic Washington Channel, a short distance
from beloved national monuments, The White House,
The Capitol and Smithsonian Museums.
A network of boulevards, public promenades, parks and
plazas will connect the mile-long waterfront to the
existing neighborhood and Monumental Core and
create a gateway to the greater Anacostia River park
system.
Project Benefits
•
1,150 Construction jobs
2,100 Permanent jobs
1,375 Residential units (215 affordable &
workforce units in Phase I)
•
335,000 Retail SF
•
675 Hotel keys
•
945,000 Office SF
LEED-ND Gold site, LEED Silver or higher
buildings
Rooftops with green roofs and solar panels
Project Snapshot
ADDRESS: 500-1000 Water Street SW & 1100-
1300 Maine Ave SW
GROSS SQ. FOOTAGE: 3,200,000
LOT SIZE: 27 acres of land and 50 acres of
riparian rights
TRANSIT CONNECTIONS: Waterfront Metro
(green line)and L'Enfant Plaza (green, yellow,
blue, orange, and silver lines)
NEIGHBORHOOD: Southwest Waterfront
FINANCING: $145 million of Tax Increment
Financing (TIF) debt was issued in Aug. 2015. A
total of $198 million of TIF debt is authorized.
Project Updates
PROJECT STATUS: Under Construction
MILESTONES:
.
2014: Groundbreaking held
•
2015: Two of seven total tower cranes erected
(for the InterContinental Hotel and Vio
condominium project)
July 2015: Bottoming out held
July 2015: American Psychiatric Association
signed a 63,000 sf office lease for their
headquarters
August 2015: Complete piles and concrete at
Market Pier
Upcoming
•
Spring 2016: Anticipated completion of
Residences at Waterfront ParkView entire presentation