WASHINGTON, DC-The Anacostia Waterfront Corp. is petitioning the Council of the District of Columbia to pass a proposal for private developers to build a parking lot at the southeast Baseball stadium now under development. The group is also making the push for housing and hotel development plans by itself and private partners, Western Development Corp., the Jair Lynch Cos. and Jarvis Co., for the south side of the stadium.

Adrian Washington, AWC president and CEO, tells GlobeSt.com that the plan is a great compromise between the team owners pushing for above ground parking, and the city, which expects to receive air rights and additional tax revenues pf $10 to $15 million per year.

Separately, AWC will continue to vet the five development teams selected earlier this month out of 17 original bidders to redevelop 47 acres of publicly owned land along the Southwest Waterfront slated to be transferred to AWC. “We are conducting a round of interviews this week asking them follow-up questions based on their proposals. The interviews will be completed by Friday and we expect to winnow the list to one, or possibly two or three finalists after that fairly quickly.” The final developer will be selected no later than late summer or early fall. AWC will ask for Council ratification in late September.

Also on AWC’s agenda are plans for the east side of the Stadium. By the end of summer, AWC will reveal finalized development plans for those tracts, Washington says.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.