Mixed Use Development totaling 1.1M square feet
FRP owns a 5.8 acre parcel under development in Washington D.C. that fronts the Anacostia River adjacent to the Washington Nationals Baseball Stadium. The fully approved Planned Unit Development entitlements for the site permit the development of a four building, mixed use project, containing over 1Million square feet. The development will include numerous publicly accessible open spaces and a waterfront esplanade along the Anacostia River.
Phase I: “Dock 79 at RiverFront” commenced construction in October 2014 and consists of 300,000 square feet inclusive of 305 one and two bedroom apartments and 19,500 square feet of retail. The project was placed in service in October of 2016 and we have a joint venture partner that owns 23% of the project.
Phase II will consist of 300,000 square feet inclusive of approximately 275 one and two bedroom apartments and 10,000 square feet of retail. Entitlements were completed in the first quarter of 2017. Final design and permitting will take approximately 12 months with an anticipated construction commencement in the Spring of 2018.