New Mixed-Use Capitol Riverfront Project Now Under Construction

From The District Source

The Riverfront, a new 305-unit, mixed-use building, will bring residential, a new boardwalk section and retail to the Capitol Riverfront directly south of Nationals Stadium. MRP Residential and Florida Rock Properties, Inc. announced Tuesday that they secured $82 million in construction financing for the first phase of four-phase development along the Anacostia waterfront.

Construction began in the fourth quarter of 2014. Initial delivery is expected in summer 2016 with Phase 1 project completion anticipated in the fourth quarter of 2016.

The 281,050-square-foot high-rise multifamily project will bring 19,000 square feet of new ground -floor retail space and 40,000 square feet of open space, including a boardwalk with bike and pedestrian trails and a public plaza. The building will also boast a rooftop lounge, a media hub and an art gallery.

“This site is one of a few sites in the city that is highly accessible to the public with mixed-use open space located directly on the waterfront.  We are thrilled to begin construction on the first phase with MRP Realty,” said David deVilliers, president of Florida Rock Properties, in a press release.

The entire 4-phase development area is bounded by Potomac Avenue, 1st Street, South Capitol Street and the Anacostia River.

The entire 4-phase development area is bounded by Potomac Avenue, 1st Street, South Capitol Street and the Anacostia River.

Shaun Courtney is the co-founder and editor-in-chief of District Source, a D.C. real estate and neighborhood news blog, co-founded and supported by Lindsay Reishman Real Estate. Shaun has been a local reporter in DC since 2009 and has called the city home since 2002. She currently lives in Kingman Park. Read more from District Source,