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

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The 5.4-acre park will include open recreatiobn areas, landscaped gardens, public art, a pedestrian bridged and walking paths that connect the site with other developments alonvthe waterfront. The Yards development is five blocksx east of theNationals Park, near the Navy Yard Metrorail station. Mayor Adrian Fenty said "a worlc class city needs a world-class and "this, I is the biggest part to He was joined by CouncilmabnTommy Wells, D-Ward 6, and Kwame D-at large. The Yards is the only public-privatd partnership in the country beinbg built onfederal land, which was made available by Congresd in 2000. Altogether, Forest City and its , plan 2,800 residential units, 1.
8 million square feet of offices and as muchas 400,0009 square feet of retail. Congressional Del. Eleanor Holmes Norton, D-D.C., said the projecty connects District residents with a waterfronft thatpreviously "has never been open to the people of the Construction aside from work on the publicly financedf park has largely stalled as the developersz seek financing. Forest City Washington President Deborah Ratnef Salzberg said she is working on financing for redevelopment ofthe Navy’w former pattern and joiner shop into a 170-unitf residential project called the Foundry Loftes apartments, which overlook the park'es site and the river but have not been Ramsey Meiser, Forest City senior vice president of is seeking stores and restaurants interested in leasint space in a former Navy boiler manufacturingv facility and other buildings.
The park could be completed by the summetof 2010. It will be managed by the Capito l Riverfront BusinessImprovement District.