This is excellent news. Currently, this area is a kind of no-man's land and is right next to the 11th Street Bridge and I-295 but the lower 8th Street corridor has tremendous potential. Hopefully this also provides some momentum for the M Street streetcar.
Switcheroo: Once mostly office, Cohen Cos. now proposes residential space for Anacostia waterfront site
Michael Neibauer
Washington Business Journal
November 1, 2013
"In early 2010, the Cohen Companies presented its early vision for an Anacostia waterfront project east of the 11th Street Bridge consisting of 815,000 square feet of office, hotel, retail and commercial space — no residential.
Now three and a half years later, Cohen has finally submitted formal plans to the District, and it's an about face. The project, the subject of a planned-unit development application, is now all residential, with a sprinkling of ground-floor retail. The office, commercial and hotel space are gone.
"The office market is just not there in the D.C. market," said Eric Siegel, Cohen's executive vice president. "We felt after taking a fresh look at the parcel and what's coming online in terms of transportation access, we felt creating a sense of place with a residential community was a much better opportunity than just creating an office environment..."
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