Aug
22
New Lease on Life for Former DC Coast Guard HQ
ByThe acquisition of 2100 Second St., S.W., marks the first step in the redevelopment of Buzzard Point.
Rendering of the future D.C. United Stadium in Buzzard Point
Washington—A consortium headed by Western Development Corp. and Akridge has bought the former U.S. Coast Guard headquarters at Buzzard Point in the District of Columbia, the two companies announced late last week. The acquisition is the biggest step to date in redeveloping the site, at 2100 Second St. SW., into Riverpoint, a residential, retail and restaurant development.
In addition to Western Development and Akridge, the development group includes Orr Partners, Redbrick LMD LLC and Jefferson Apartment Group. EagleBank and Greenfield Partners provided financing for the project.
Riverpoint reportedly will feature 80,000 square feet of restaurant and retail space and more than 450 apartment and condominium units, along with new piers, floating restaurants and a connection to the Anacostia Riverwalk Trail…
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