Poplar Point is a 110-acre stretch of land along the Anacostia River and is a key focal point of the larger Anacostia Waterfront Initiative, which is expected to receive about $10 billion worth of investment in parks, trails, housing, retail, office space, cultural amenities and environmental restoration at full development during the next 20 years.
Evaluation criteria in the RFEI included financial capacity, vision, commitment to community engagement and experience in developing comparable urban mixed-use waterfront projects. Development at Poplar Point is expected to include affordable housing and be designed to green standards. According to Neil Albert, deputy mayor for Planning and Economic Development, the city expects to select a development partner for the site within the next several weeks.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
