Investor Presentaiton
WALTER REED
A
WE ARE
WASHINGTON
DC
Project Background:
The Walter Reed Army Medical Center (WRAMC)
former campus is located on the north end of the
District, between 16th Street and Georgia Avenue. This
location is approximately six blocks from the District
boundary at Eastern Avenue and about two miles south
of Downtown Silver Spring.
The LRA Site occupies 66.57 acres of the 110.1-acre
former campus. The remaining 43.53 acres
on the
eastern portion of campus will be occupied by
Department of State (DOS) and a Public Health user.
The LRA site has frontage on 4 sides: Fern Street on the
north, Aspen Street to the South, and 16th Street on the
west, making the site readily accessible to the adjacent
neighborhoods.
a
surplus
local
With the recommended closure of the Walter Reed
Army Medical Center (WRAMC) in 2005, the Federal
government declared 62.5 acres on the main post of
WRAMC in northwest Washington, DC as
property, thereby making it available to
redevelopment authority (LRA) for re-use. Acting
through the Walter Reed LRA, the District of Columbia
acquired 5 additional acres, including site frontage,
through negotiations in 2010, and was charged with
submitting a Reuse Plan to the U.S. Department of
Defense and the Department of Housing and Urban
Development.
Project Snapshot
ADDRESS: 6900 Georgia Avenue, NW.
SSL: PAR 03190005
ZONING: WR-1 through WR-8
GROSS SQ. FOOTAGE: 4.5M SF
DEVELOPABLE SQ. FOOTAGE: 3.1M SF
LOT SIZE: 66.57 acres
TRANSIT CONNECTIONS:
16th Street NW & Georgia Ave NW WMATA Bus
lines
Takoma Metro Station (WMATA Redline) within .6
miles
NEIGHBORHOOD: Shepherd Park, Takoma & Brightwood
Project Benefits
2,300 Construction Jobs
3,460 Permanent jobs
$900M Estimated tax revenue (over 30 years)
432 Affordable housing units
2,100 Residential units
212,000 Retail SF
Project Updates
PROJECT STATUS: In Negotiation
NEXT MILESTONES:
Fall 2015: Submitting finalized deal to the DC
Council for approval
Winter 2015-16: Securing DC Council approval
Spring 2016: Transfer of the property
Significant Project History
July 11, 1864, Confederate
troops led by General Jubal
Early attempted to enter
the city, but were turned
back by Union troops on
what later became the
WRAMC site.
1860s
In the 1880s, 131 acres of land
between Seventh Street and
Rock Creek was purchased by
J. D. Cameron, which included
the 110.1 WRAMC occupies
today.
1880s
1900s
In 1903 Lt. Colonel Williams
Cline Borden commissioned
local architects Marsh and
Peter to produce a watercolor
rendering and sketch plans for
a medical campus.
In 1948 General John Pershing died
at Walter Reed. Pershing, who led
US forces in Europe during WWI,
was a vocal supporter of the
hospital and advocated for the
medical care of the soldiers who
served under him.
1940s
In 1977, the new
Hospital, Building 2,
was completed at
Walter Reed; it
took five years to
construct.
1970sView entire presentation