After nearly a decade of stops and starts, the massive $2 billion project on D.C.'s Southwest Waterfront known as The Wharf has reached the groundbreaking stage.
Hoffman-Madison Waterfront LLC was scheduled to break ground Wednesday on the 27-acre mixed-use waterfront development on the Washington Channel on a mile of land and more than 50 acres of water stretching from the Fish Market to Fort McNair. The development seeks to create a marketplace type environment that recalls Seattle's Pike Place Market and other waterfront destinations.
At build out, the project, part of the District's Anacostia Waterfront Initiative, will total 3.2 million square feet of residential, office, hotel, retail, cultural, and public uses. Public amenities will include waterfront parks, promenades, piers, and docks.
The Wharf development team is led by PN Hoffman and Madison Marquette with ER Bacon Development, City Partners, Paramount Development and Triden Development. The first $800 million phase of the project is slated for completion in 2017.