Part of the District's $10-billion-plus Anacostia WaterfrontInitiative, Poplar Point is a 110-acre-stretch along the AnacostiaRiver in Ward 8. An environmental impact study is still under wayand until it is complete details of the plan cannot be finalized.But Clark's redevelopment of the area is likely to include hundredsof units of housing, new retail, hotels and office space--as wellas a 70-acre waterfront park. Other requirements made by theDistrict for the project include a 51% employment rate for Districtresidents when developing the project, a portion of the housingmust be affordable and 35% of the contracting dollars awarded tosmall and local certified businesses.

Poplar Point is currently controlled by the federal government,but will be transferred to the District within the next two yearsnow that Congress has authorized the change in ownership. Whencomplete it will be the jewel of the Anacostia WaterfrontInitiative, which calls for new parks, trails, housing, retail,office space, cultural amenities and environmental restoration tobe built along river during the next 20 years.

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Erika Morphy

Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.