Near Southeast DC: Past News Items - Jan 01, 2007
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WP Profiles Forest City Enterprises
Jan 1, 2007 6:41 PM

How's that hangover? Let's start the year off with this link to the Post's "A Family Company, Forest City, Sets Out to Transform the District", a profile of Forest City Enterprises, the Cleveland-based company that "owns about 90 acres at three major Southwest and Southeast projects where it plans to invest roughly $3 billion into a mix of parks, housing, shops, restaurants and offices. And it is one of the developers working on transforming the land around the new baseball stadium -- now mostly boarded-up storefronts, car-repair garages and nightclubs -- into a vibrant neighborhood." There's not anything that qualifies as new info in the piece, but it's a good summary piece of the developments Forest City is involved in. Its biggest project in Near Southeast is the Southeast Federal Center, where "[o]ver the next decade, Forest City plans to build an almost $2 billion development of 6 million square feet -- a space almost as large as the Pentagon. Its plans call for preserving the historic buildings and turning a boilermaker shop into a retail area, creating apartments from a former carpentry building and converting an old gun mount factory into condominiums. It will also put in streets, offices, lofts and waterfront parks. In tribute to its Navy history, the project will be called the Yards." Forest City is also behind the revitalization of Capper/Carrollsburg, and, although not mentioned in the article, is likely to be one of the companies who get to redevelop the WASA site across from the stadium (if the Anacostia Waterfront Corporation can ever finish that land negotiation). And, outside my purview, they're also part of the team redeveloping Waterside Mall in Southwest. One interesting quote about the Southeast Federal Center project, from Deborah Ratner Salzberg, head of the company's DC operations: "It really will be a mixed environment that looks like it's been here forever. It won't look like Disneyland. It will be a little edgy and have the feel of the waterfront." Can't wait to see some specific plans; the company has announced in recent months that the first projects on the site are to get underway in 2007, so hopefully we don't have to wait much longer for some concrete information.



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