Construction for the second half of the mile-long waterfront neighborhood, Phase 2 of The Wharf, started with community celebration in Washington, D.C.

The Wharf, the $2.5 billion, 3.2-million square foot waterfront neighborhood and largest private development in the city, is establishing D.C. as a true waterfront city.

At full build out, Phase 2 of The Wharf will complete the remaining 1.25 million square feet of new mixed-use development, including office, residential, hotel, marina, and retail space, as well as parks and public places, across a half mile of redeveloped waterfront.

D.C. Mayor Muriel Bowser along with Congresswoman Eleanor Holmes Norton (D-DC) joined the co-development partners of PN Hoffman and Madison Marquette in remarks which were followed by a free community celebration with a “truck touch”, street fair complete with wine and beer garden, live music, children’s crafts, and a community construction parade.

“The Wharf is a tremendous example of how the District can, through innovative public-private partnerships, transform underdeveloped land into housing, jobs, and opportunity. Already, with Phase 1, The Wharf has become a world-class destination for residents and visitors alike,” said DC Mayor Muriel Bowser. “In 2019, Washington, DC is truly a waterfront city, and we look forward to building on our progress and success. Together, we will continue ensuring that Washingtonians along the Potomac and Anacostia Rivers – in all the surrounding wards – are able to enjoy and benefit from the many opportunities that our city and waterfronts have to offer.”

Image:Prnewswire

“Since we first began The Wharf—in partnership with the District of Columbia—more than a decade ago it has been about reintroducing D.C. to its waterfront through thoughtful retail, entertainment, public spaces and of course public access to D.C.’s best natural resource – its waterfront,” said Monty Hoffman, Founder and CEO of PN Hoffman. “As we begin construction of the second phase of this waterfront, it is incredibly rewarding to look back at what our team has created in Phase 1 while looking forward to completing the full mile of this remarkable neighborhood.”

“As we launch Phase 2 of The Wharf, we are both inspired and uplifted by the tremendous community engagement this landmark project has realized,” said Amer Hammour, Chairman of Madison Marquette. “The Wharf has proven to be a transformative waterfront neighborhood with extraordinarily diverse and dynamic amenities for every demographic – and we fully expect Phase 2 to continue the excitement with added residential, office, hotel, retail and marina offerings,” Hammour added.

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Phase 1 of The Wharf first opened on October 12, 2017 with dazzling water views, acclaimed restaurants, year-round entertainment, and waterfront recreation all situated along the District of Columbia’s Waterfront just blocks south of the National Mall. Currently, The Wharf features world-class residences, offices, hotels, retail shops, restaurants, cultural attractions, private event spaces, marinas, and public places including waterfront parks, promenades, piers, and docks.

At full build-out Phase 2 will include:

625,000 Square Feet of Trophy Office Space (Parcels 6, 7, 10)

255 Apartment Residences (Parcel 8)

131 Hotel Rooms (Parcel 8)

96 Condominium Homes (Parcel 9)

109,000 Square Feet of Ground-Level Retail Shops and Restaurants

223 boat slips at The Wharf Marina

1.5-acre park at M Street Landing

2 underground garages with more than 1,000 Parking Spaces

The Wharf looks to build on the workforce successes of Phase 1 construction—with 1,284 people were hired for new positions, and 628 of those new hires were District residents. At the completion of Phase 2, The Wharf will have generated approximately $70 million annually in taxes for the city.

Phase 2 of The Wharf is scheduled to deliver in 2022. For more information please visit www.wharfdc.com.

Source:Prnewswire