Patriot Transportation will either develop the site--located next to the Washington Nationals Baseball Park--on its own or with a partner, CEO John Baker III tells GlobeSt.com. Davis Buckley Architects and Planners is the architect for the 1.1 million-sf development. According to Baker, the first building to deliver will most likely be an office. At full build-out, the site will have four buildings, with approximately 545,800 sf devoted to office and retail and 569,000-sf to residential and hotel, which will be LEED certified, according to the architect's website. The development would include publicly accessible open spaces and a waterfront esplanade along the Anacostia River waterfront. The site currently is occupied by a subsidiary of Vulcan Materials Co. under a short-term lease. Baker could not provide development costs for the project.

This project represents new inroads for Patriot Transportation, which has a strong footprint in the warehouse and industrial space, including assets in the Baltimore-Washington Corridor. The Anacostia development, Baker says, will be the firm's first project in the District itself--and its first office and retail mixed-use project.

Once this project gets underway, undeveloped acreage fronting the Anacostia in DC will become even more scarce. Earlier this month, the District issued a Request for Expressions of Interest for a master developer to redevelop the Hill East neighborhood on the Anacostia--the last major piece of the District's Anacostia Waterfront Initiative calling for redevelopment, which hasn't yet been identified for redevelopment.

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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.