Here's Why Capitol Riverfront is Reaching Critical Mass
The Capitol Riverfront, a southeast DC neighborhood known by many residents as "Navy Yard" is inching ever closer to fulfilling its promise as a premier waterfront destination for business, entertainment and urbanites. Calling 2014 a "transformational year," the neighborhood's Business Improvement District announced earlier this year that the community is nearly 50 percent built. Today, the neighborhood boasts 4,700 residents with estimates that the residential inventory will double over the next three years. To house those new owners, 1,916 residential units are currently under construction with another 2,164 developments breaking ground this year and next. 34,000 employees work on the Riverfront, counting 18,000 at the Navy Yard. In fact, the 500-acre neighborhood was once the home of the thriving Washington Navy Yard, the longest continually operating naval facility in the country. While activity slowed following the end of WWII, the area has been revitalized in recent years with billions in public and private investments that take advantage of the community's prime real estate setting along the Anacostia River.
The Capitol Riverfront project is part of the much larger Anacostia Waterfront Initiative to redevelop the area just south of the United States Capitol between Capitol Hill and the Anacostia River. Plans call for some 9,000 new apartments, condominiums, lofts and modern office towers. In addition, the project envisions 1,200 hotel rooms and 1 million square feet of retail amenities. In 2014 alone, eight new restaurants opened, bringing the total to 27 and anchors such as Harris Teeter and Vida Fitness launched new locations in the Yards. The Capitol Quarter development is an early residential success spanning five blocks with 323 town homes that range from affordable workforce homes to market-rate properties that feature up to four bedrooms and garage parking. Other popular condo destinations include the Velocity and Capitol Hill Tower -- both high-rise developments, offering spectacular views from the top floors. Points of interest include:
Anacostia Riverwalk Trail
A 20-mile trail under construction along the east and west banks of the Anacostia River ideal for hikers, bikers, and pedestrians. Upon completion, the trail will stretch from Prince George's County, Maryland, to the National Mall in the District.
Nationals Park
Home to the Washington Nationals baseball team, expectations for the 2015 season are higher than ever with the Nationals celebrating their tenth season in DC.
The Yards
The 42-acre neighborhood along the Anacostia Waterfront that includes 2800 condos and apartments as well as 1.8 million square feet of office space.
Washington Navy Yard
The venerable former US Navy shipyard, this area serves as the headquarters for the Naval Historical Center in Washington, DC and is one of the community's largest employers
Trapeze School
One of Travel & Leisure's "50 Great American Adventures," this trapeze school offers indoor and outdoor class in flying trapeze for all levels, including first-timers and beginners.
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