Already, Navy Yard has grown exponentially over the years, ranked as the fastest growing neighborhood in Washington, D.C. Deborah Ratner Salzberg, the president of Forest City Washington, tells Curbed DC that this growth is not over yet.
With groundbreaking expected in 2019 and a completion slated for 2030, Forest City Washington’s second phase of The Yards will encompass 3 million square feet of mixed-use space, built on 18 acres of undeveloped land on the western side of The Yards, between 1st Street SE and New Jersey Avenue SE. This phase will include 1,200 residential units, 1.5 million square feet of Class A office space, and 150,000 square feet of retail and dining.
In what will be the largest urban waterfront development in Washington, D.C., The Yards will total 48 acres, 1.8 million square feet of office space, 400,000 square feet of retail and dining, and up to 3,400 residential units. So far, exact details on what to expect from the “dozens” of restaurants and bars and “best in-class” retail is still up in the air.
The six-block “spine” of this phase will be a pedestrian-friendly street with a plaza at the intersection of New Jersey Avenue SE and M Street SE, extending to the Anacostia River at Teague Park. According to a press release, this will be the city’s only pedestrian-friendly link connecting a Metro station directly to the waterfront.
In a statement, Salzberg said, “With its initial wave of development, featuring Yards Park and a range of residential, dining, and retail options, The Yards established itself as D.C.’s first revitalized waterfront neighborhood. Now, with phase two—which when complete will nearly triple what has already been delivered—The Yards will offer even more incredible office, dining, and residential properties in the region, located just steps away from Nationals Park.”
One year after groundbreaking, in 2020, The Yards will also open its first hotel development, Thompson Hotel. At the corner of Tingey and 3rd streets SE, this project will feature 225 rooms, 38 suites, and a ground-level restaurant. There will also be an expansive rooftop bar.