WASHINGTON, DC-Papers filed with the district reveal that the developer of the long anticipated $2-billion The Wharf mixed-use project on the Southwest waterfront has secured a private equity partner and will likely break ground soon.

Hoffman-Madison Waterfront LLC, the developer of The Wharf, has landed an unnamed private equity partner that will supply $270.3 million in private equity for the project, according to the Washington Business Journal.

A revised Land Disposition Agreement introduced by Washington, DC Mayor Vincent Gray details how the public and private financing, totaling $775.7 million, will be drawn down over the 42-month construction period. Private equity constitutes $270.3 million of the project, debt $392.4 million and public funds $113 million. District officials have recently said that the mixed-use project could break ground as early as March.

Phase One is planned to include 233,269 square feet of office space, 662 apartments, 239 condos, 278 hotel keys, a 150,000-square-foot cultural venue, 1,285 vehicle parking spaces and more than 1,000 bicycle spaces. At full build-out, the project will include 700,000 square feet of office, 300,000 square feet of retail, 1,200 apartments, 350 condominiums, three hotels, 400 marina slips and 140,000 square feet of cultural space, and several parks. See story in the Washington Business Journal.