In October 2016, Washington, D.C. purchased 66 acres of the 110-acre Walter Reed Army Medical Center for $22 million. With this land, the District will construct over 3 million square feet of residential, office, and retail space and bring nearly 5,000 jobs. Groundbreaking for the project is now officially underway, reported Bisnow.
The developers for the 10- to 15-year project are Hines, Urban Atlantic, and Triden. This first phase will demolish a 1970s-era hospital to make way for a town center
Once all phases are complete, the project will have over 2,100 residential units (432 affordable), up to 250,000 square feet of retail, a grocery store, 185,000 square feet of office space, a 200-room hotel, and two charter schools, as reported by Bisnow.
There will also be 116,000-square-foot medical space for Howard University Hospital and 30,000 square feet designated for arts and cultural uses. 20 acres of open space will also be developed.
• Development Team Breaks Ground At 66-Acre Walter Reed Project [Bisnow]