May 08 2013

Washington, DC: Who are the Developers Competing to Repurpose Walter Reed?

Located in northern Washington, DC, to the east of Rock Creek Park and south of Silver Spring, Maryland, Walter Reed Army Medical Center (WRAMC), once redeveloped, will fuse new commercial establishments and residences into a community of established residential neighborhoods. The Department of State will retain the smaller portion of the 113-acre WRAMC campus, while DC will redevelop the larger portion

In September 2012, the DC Office of Planning released the draft plan for the site’s redevelopment. The plan proposes a mixed-use commercial, institutional, and residential community that captures the campus’s history of medical service to the Armed Forces by preserving and reusing historic buildings and protecting the extant landscaping features

Nine real estate development and investment firms are competing to repurpose WRAMC. Let’s take a closer look at these firms. What DC-area projects have they led?

The Woodies Building Now Houses Forever 21

The Woodies Building Now Houses Forever 21
  • Forest City Washington is spearheading The Yards, a large-scale, mixed-use project demanding the preservation and repurposing of historic buildings in addition to new construction along the riverfront between First St. SE and the Navy Yard, and Waterfront Station on 4th Street SW at M Street SW;
  • Grid Properties, Inc. developed DC USA, a large-scale retail project propelling the revitalization of the Columbia Heights neighborhood;
  • Hines and Urban Atlantic would redevelop WRAMC through a joint venture. Hines preserved and repurposed the City Post Office, creating Postal Square, home to the National Postal Museum and offering retail, office, and event space. Urban Atlantic redeveloped the Arthur Capper Carrollsburg public housing complex into a mixed-income community;
  • Republic Properties Corporation developed The Portals, an urban renewal, mixed-use development in Southwest DC, and Georgetown Park, a mixed-use retail and residential property in the heart of Georgetown that demanded careful cooperation with historic preservationists and the surrounding community; 

Georgetown Park: A Mixed-use Property

Georgetown Park
  • The Wilkes Company, Capstone Development LLC, and Quadrangle Development Corporation would redevelop WRAMC through a joint venture. In partnership, The Wilkes Company and Quadrangle Development Corporation developed Mount Vernon Place, a mixed-use development that includes a series of office buildings along K Street and a 1,000-unit residential enclave along Massachusetts Avenue and Third and Fourth Streets. Capstone Development LLC in partnership with Quadrangle is developing the Marriott Marquis, Washington, DC.

What do you know about the real estate development and investment firms competing to execute projects where you live? Comment here or on Twitter!

Credits: Photographs by Sunny Menozzi. Data cited through links.

Sunny Menozzi

Sunny Menozzi's military duties have taken her to diverse and exciting places, from Singapore to Arizona, South Korea to Afghanistan, and North Carolina to Hawaii. Sunny's travels inspired her interest in cities, especially how they function, the impact of the built environment on the residents, the methods planners employ to shape natural features, and the vibrancy that can be cultivated by good planning and design. She will begin her pursuit of a master's degree at the Massachusetts Institute of Technology in the fall of 2013. Sunny plans to focus on reuse and historic preservation, community-building, and economic and environmental sustainability. She hopes to contribute to projects that repurpose military bases. An avid runner, Sunny is interested in the design of recreational trails and policies that encourage the development of walkable communities. She holds a B.S. in International Relations and Russian from the United States Military Academy at West Point.

This entry was posted on Wednesday, May 8th, 2013 at 9:47 am and is filed under Community/Economic Development, History/Preservation, Urban Development/Real Estate, Urban Planning and Design. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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