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Akridge, Western Development-led Consortium to Build Retail-Residential Project at Buzzard Point

WASHINGTON, DC—The whole point of Riverpoint is to take advantage of the nearby DC United Stadium that will open in 2018.

By Erika Morphy | erikamorphy | Updated on August 19, 2016

Rendering of the DC United Stadium Rendering of the DC United Stadium

WASHINGTON, DC—Not even a year after the District government used eminent domain to seize two acres belonging to Akridge at Buzzard Point to build the DC United Stadium, Akridge has moved to purchase, along with other investors and developers, the nearby former Coast Guard headquarters. This consortium, which Akridge and Western Development are leading, plans to redevelop the property at 2100 Second St., SW into Riverpoint — an 80,000-square-foot retail-and-residential mixed use complex.

Other partners in this transaction are Orr Partners, Redbrick LMD LLC, and Jefferson Apartment Group. EagleBank and Greenfield Partners are providing financing for the project.

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