The smallest of the DC quadrants is on track to have one of the biggest revitalization projects the entire city has ever seen. The Wharf in Southwest has received approval for Phase 1 of this 3.2 million square foot undertaking that will completely transform this waterfront edge of the city. The first phase will overhaul 1.5 million square feet and plans call for new buildings for residential, office, and hotel spaces plus a 3-acre waterfront park (which will be DC's only waterfront park worth mentioning). Hoffman-Madison are overseeing this project and with the recent zoning approval under their belt they plan to break ground later this year. As Phase 1 gets under way, Phase 2 is following the same approval process and there will likely be more phases after that. The entire development is projected to cost $2Billion and take years, if not a decade or more, to complete.
· DC Zoning Commission Approves Phase 1 PUD for The Wharf [CityBiz]
· The Wharf [Official Site]
· Prior coverage of The Wharf [CDC]