The four teams are:
- HDG Waterfront Partners, a team led by Hunt Development and Mosaic Urban Partners and that includes Abdo Development, the William C. Smith Cos., EYA Development and the Jair Lynch Cos;
- New Hill East Joint Venture, which is led by Urban Atlantic and includes Vornado/Charles E. Smith, Trammell Crow, Elm Street Development, Blue Skye Development, Brickstone Development, Eagle Vision Ventures, Dynamis Advisors, Sun Edison and Ellis Denning Development.
- Hill East Development, led by the Franklin L. Haney Co. and includes Donatelli Hill East, Chapman Development, Combined Properties, Banneker Ventures and Tudor Holdings; and
- East Banc.
The site can accommodate up to five-million square-feet of residential, commercial and mixed-use buildings including new primary care health facilities. Most likely redevelopment will take up to 10 years to complete, given the project's scale and complexity. Hill East is one of three major redevelopment sites--along with the Southwest Waterfront project and the redevelopment of Poplar Point--that comprise the Anacostia Waterfront Initiative. These three projects encompass more than 12 million square feet of planned and ongoing development.
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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.
