Forest City Washington has issued
a press release finally giving us confirmation that "
The Yards" is the new name for the
Southeast Federal Center. (The
press release is dated Oct. 24, but just appeared on their web site in the past day or so, and is nowhere to be found in Nexis.) The release says that construction will begin in early 2007 on infrastructure improvements; and that Forest City has "several buildings currently under design, including three of the historic buildings which will involve residential and retail uses." There are more than 30 buildings planned overall totalling 5.5 million square feet of development on the 44-acre site made of up "including approximately 2,800 residential units (both rental and for sale), 1.8 million SF of office space, up to 400,000 SF of retail/dining space a public park, riverfront esplanade and trail that will connect with the Navy Yard's riverfront walk to the east and a similar feature to the west of the site that will connect with the Ballpark District development." The press release also explains how they came up with "The Yards" and
its logo. A bit more interesting is this tidbit, that "Master Lease Agreement [between Forest City and the GSA] is expected to be signed in a few weeks and other supporting documents that will enable the start of construction are in final stages of negotiation." They also
freshened up the project page on the FCWashington site, which says the first phase of buildings are expected to open in 2009.