Poplar Point Neighborhood Redevelopment

Poplar Point Neighborhood Redevelopment  Washington, DC

Poplar Point Neighborhood Redevelopment
Washington, DC

Urban Residential/Retail/Office/Hotel

Components: For-Sale Residential, For-Rent Residential, Retail, Office, Hotel, Parking
Project Value: $900 million; $250m TIF component

SAG assisted Forest City Washington with planning the redevelopment of a 150 acre site that was previously a federal reserve into a waterfront-oriented mixed use development. The 15 year master plan included 2,700 condominiums, 200 town homes, 900 apartments, 775,000 square feet of retail, 1.8 million square feet of office space, 600 hotel rooms and 6,000 parking spaces. In total, the project encompassed 8.8 million square feet.

SAG assisted with programming, phasing, and all financial modeling including development cost estimates, financing, operating cash flow projections, project capitalization, and tax increment financing potential. The tax increment was to support $250 million in infrastructure costs.