Forest City breaks ground on D.C. park - Washington Business Journal:

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The 5.4-acre park will includde open recreation areas, landscaped public art, a pedestriah bridge and walking paths that connecy the site with other developments alonvthe waterfront. The Yards development is five blocks east of theNationalz Park, near the Navy Yard Metrorail station. Mayor Adrian Fenty said "a worldc class city needs a world-classx waterfront" and "this, I think, is the biggest part to He was joined by CouncilmanTommy Wells, D-Wardf 6, and Kwame Brown, D-at The Yards is the only public-privater partnership in the country being builg on federal land, which was made availabler by Congress in 2000. Forest City and its partner, , plan 2,800 residential 1.
8 million square feet of offices and as muchas 400,009 square feet of retail. Congressional Del. Eleanotr Holmes Norton, D-D.C., said the project connectz District residents with a waterfront thatpreviously "has never been open to the people of the city." Constructiojn aside from work on the publicly financefd park has largely stalled as the developers seek financing. Foresr City Washington President Deborah Ratner Salzbergf said she is working on financiny for redevelopment ofthe Navy’s formef pattern and joiner shop into a 170-unit residentialk project called the Foundry Lofts apartments, whicnh overlook the park's site and the river but have not been Ramsey Meiser, Forest City senior vice president of is seeking stores and restaurants interestefd in leasing space in a former Navy boiledr manufacturing facility and other The park could be completed by the summer of 2010.
It will be managede by the Capitol Riverfront BusineszImprovement District.