Forest City did not return a call to GlobeSt.com in time for deadline. The first phase of the project, expected to deliver in 2010, includes two office buildings with ground floor retail that total 628,000 sf. The District of Columbia has already leased the office component. A Safeway supermarket, a CVS pharmacy, and other retail tenants have pre-leased the office space.
Located at M and Fourth streets SW, Waterfront Station is re-opening Fourth St. to create a streetscape and connect the project to other arteries in SW Washington. The project is jointly owned by Forest City Washington, Vornado/Charles Smith and Bresler & Reiner. At full build-out, it will deliver 1.2 million sf of office space, 1,100 residential units and a minimum of 110,000 sf of retail.
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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.
