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$800M Plan Brewing for 47 Waterfront Acres

WASHINGTON, DC-Hoffman-Struever wins rights to the Washington Channel site. It will take nearly 30 months for predevelopment planning.

By Erika Morphy | Updated on September 29, 2006

WASHINGTON, DC-After a grueling multi-stage bidding process, Washington-Baltimore team Hoffman-Struever Waterfront LLC last night was selected by Anacostia Waterfront Corp. [AWC] to develop the 47-acre stretch of public waterfront along the Washington Channel.

Steve Earle, president of Washington developer PN Hoffman, tells GlobeSt.com that the redevelopment cost will be close to $800 million. Predevelopment activities are expected to last about 30 months, according to AWC.

In August, PN Hoffman/Struever Brothers Eccles & Rouse and Madison/KSI Waterfront Partners made the short list of bidders, out of a list of five teams that had been selected in June. Initially, there were 17 respondents to AWC’s “request for expressions of interest” issued March 1. Thursday evening, AWC’s board selected Hoffman-Struever, a decision that now goes to the city council for ratification.

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