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WAFRO – Waterfront Station Development – Washington - Project Profile

WAFRO – Waterfront Station Development – Washington - Project Profile

Synopsis

"WAFRO – Waterfront Station Development – Washington- Project Profile" contains information on the scope of the project including project overview and location. The profile also details project ownership and funding, gives a full project description, as well as information on contracts, tendering and key project contacts.

The "WAFRO – Waterfront Station Development – Washington- Project Profile" is part of Timetric's database of 82,000+ construction projects. Our database includes a 10+ year archive of completed projects, full coverage of all global projects with a value greater than $25 million and key contact details for project managers, owners, consultants, contractors and bidders.

Summary

Waterfront Associates (WAFRO), a joint venture of Forest City Washington, Inc., Bresler & Reiner, Inc. and Vornado/Charles E. Smith, is undertaking the construction of a mixed-use project in Washington D.C, the US.

The project involves the construction of a mixed-use complex comprising eight new buildings on a 185,806m2 area and is being developed in four phases.

The first phase includes the construction of a new retail building and a new restaurant including Safeway, CVS, and eateries on a 7,432m2 area and new office building on a 46,452m2 area at 1100 and 1101 4th Street.

The second phase includes the construction of 500 residential units at Sky House 1150 and 1151 4th Street.

The third phase includes the construction of 310 residential units and retail building on a 465m2 area at 1001 4th Street.

The fourth phase includes the construction of 58,064m2 of of office and ground floor retail space.

Forest City Enterprises Inc. has secured US$250 million construction finance for the initial phase of the development.

On July 10, 2003, the National Capital Planning Commission concluded that the proposed first-stage Forest City Enterprises Inc. has secured US$250 million construction finance for the initial phase of the development (PUD) and related rezoning of certain lots, from C-3-B (commercial) to C-3-C (commercial), would not adversely affect the identified federal interests nor be inconsistent with the Federal Elements of the Comprehensive Plan for the National Capital.

In September 2013, the Zoning Commission of the District of Columbia referred an application for a second-stage PUD at 1001 4th Street, SW.

On July 10, 2003, the National Capital Planning Commission concluded that the proposed first-stage PUD and related rezoning of certain lots, from C-3-B (commercial) to C-3-C (commercial), would not adversely affect the identified federal interests nor be inconsistent with the Federal Elements of the Comprehensive Plan for the National Capital.

The Northwest parcel is proposed to be developed as a residential building with ground floor retail. As part of the first-stage PUD process, the building on site was permitted at a height 35m and up to 36046m2 of either residential or office development.

The proposed building will be an 11-story, 35m tall building with retail on the ground floor and 365 residential units on the upper floors. The building is proposed to total approximately 35,660m2.

Shalom Baranes Associates has been appointed as architect, Perkins Eastman Architects as planner, Moffatt & Nichol as an engineering consultant, Mathews Nielsen as a landscape architect, AMT Engineering as a civil engineer, Haley & Aldrich, Inc. and PSI Inc. as Geotechnical & environmental Consultants and Clark Construction as a construction contractor.

Construction works on first and second phases were completed in March 2010 and 2014 respectively.

In January 2015, groundbreaking ceremony held on the third phase.

Construction works on the third phase commenced in January 2015 and was completed in the first quarter of 2017.

In April 2017, WAFRO submitted revised plans to the D.C. Zoning Commission to swap out the two office buildings planned to be constructed in the fourth phase at 375 and 425 M St. SW with two 12-story mixed-use towers comprising 605 residential units, 3,889m2 of retail and 3,540m2 of office space.

WAFRO is awaiting approvals from the D.C. Zoning Commission for the project implementation.

Scope

The project involves the construction of a mixed-use complex comprising eight new buildings on 185,806m2 area in Washington D.C, the US.

The US$760 million project includes the following:

1. Construction of 865 residential units

2. Construction of 46,452m2 of office space

3. Construction of 7,432m2 of retail space

4. Construction of underground parking spaces

5. Construction of an 11-story, 35m tall building with 35,660m2 of retail space on ground floor

6. Construction of 4,65m2 of retail space

Reasons To Buy

  • Gain insight into the project.
  • Monitor the latest project developments.
  • Identify key project contacts.


1.Key Statistics
2.Key Dates
3.Sector
4.Operating metrics
5.Tender Information
6.Scope
7.Description
8.Latest update
9.Background
10.Key Contacts
11.General News, Project News
12.Appendix

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