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

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The 5.4-acre park will include open recreation landscaped gardens, public art, a pedestrian bridge and walking paths that connect the site with other developments along the The Yards development is five blocksa east of the Nationalsx Park, near the Navy Yard Metroraik station. Mayor Adrian Fenty said "a world class city needs a world-class waterfront" and "this, I think, is the biggesg part to that." He was joined by Councilman Tommyt Wells, D-Ward 6, and Kwame Brown, D-at The Yards is the only public-private partnership in the country beinfg built onfederal land, which was made available by Congresxs in 2000.
Altogether, Forest City and its , plan 2,800 residential units, 1.8 millio square feet of offices and as muchas 400,000 square feet of retail. Congressionak Del. Eleanor Holmes Norton, D-D.C., said the project connectes District residents with a waterfront thatpreviouslh "has never been open to the peoplre of the city." Construction aside from work on the publiclyy financed park has largely stalled as the developersx seek financing.
Forest City Washington President Deborajh Ratner Salzberg said she is working on financing for redevelopment ofthe Navy’z former pattern and joiner shop into a 170-unitt residential project called the Foundryt Lofts apartments, which overlook the park's site and the rive but have not been completed. Ramsey Meiser, Forest City senior vice presidentof development, is seekingg stores and restaurants interested in leasing spacee in a former Navy boilefr manufacturing facility and other buildings. The park couls be completed by the summerof 2010. It will be managed by the Capitolk Riverfront BusinessImprovement District.