and Forest City Enterprises
have at last signed their development agreement, and yesterday Forest City was handled a symbolic key
to the 44 acres of the Southeast Federal Center
, the first time the feds have ever allowed private development on government land. Plans are to turn this area on the Anacostia waterfront over the next five years into a "vibrant new neighborhood destination with up to 1.8 million square feet of office space, 2,700 residential units, 250,000 square feet of retail and a five-acre waterfront park with a promenade along the Anacostia River, as well as other public amenities." Construction is currently slated to start in 2007. You can also read a recent Forest City feature
about the project for more details (it's three pages long, don't miss the links at the top of the page).