The Capitol Riverfront neighborhood in southeast DC is booming with new growth and development given its great location between National’s Park and Washington Navy Yard. One new development, The Yards, began construction in 2006 and will most likely be at the forefront of bringing advancements to the area. While some parts of The Yards development have been completed, such as Yards Park, more construction will be breaking ground this summer.
The beginning phase of construction for retail spaces will begin next month on the corner of Tingey and 4th Streets SE, with plans to wrap up in fall of 2012. The developer of The Yards, Forest City Enterprises Washington, is using as many of the preexisting historic structures from Washington Navy Yard as possible, such as the Boilermaker Shop and Lumber Shed. Many other developers in the area are also using preexisting structures and working actively to maintain the historical architecture style as they build to increase housing and retail space in this growing neighborhood.
Another development will begin construction by the end of this year on the empty lot on 4th St. SE between M and Tingey Streets. This will be a 220-unit apartment complex with a full grocery store on the ground floor, a retail addition that is pertinent to the health of the area given the expected increase in number of residents. The Developer has not released a completion date for this particular project.
Forest City has approximately nine leases confirmed for restaurants and retailers and expects to release the names of the confirmed businesses in two to three weeks. For pictures of the completed aspects of the Yards Park and other developments in the area, you can visit to Capitol Riverfront’s BID Flickr site. Ultimately, The Yards will add 1.8 million square feet of office space and 400,000 square feet of retail shops and restaurants to the Capitol Riverfront neighborhood, as well as a significant number of apartment structures.