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In October 2021 the D.C. Court of Appeals ruled that the proposed development project may proceed pursuant to the legislation. [10] Demolition of the site commenced in October 2021. [11] In May 2023, the Washington Business Journal reported that the site had been renamed from the "McMillan Sand Filtration Site" to the "Reservoir District."
In 2022, the DC metro area had the country's fifth-highest gross metropolitan product, at $541 billion. [1] The region's economy is highly diverse and includes the principal industries of the US federal government, tourism, information technology, research, hospitality, news media, and bioscience.
Hoffman-Madison Waterfront broke ground on the second phase of the project in March 2019, and it opened in October 2022, culminating in a total redevelopment cost of $3.6 billion. [24] Phase 2 added three office buildings, an apartment building, a hotel, a 96-unit condominium building, additional retail space, and two new underground parking ...
DFC invests in development projects primarily in lower and middle-income countries. [1] First authorized on 5 October 2018 by the BUILD Act, the independent agency was formed on 20 December 2019 by merging the Overseas Private Investment Corporation (OPIC) with the Development Credit Authority (DCA) of the United States Agency for International ...
Capitol Crossing is a $1.3 billion real estate development often also referred to as a community revitalization project [1] in downtown Washington, D.C. Construction on the project began in 2014 and was completed in 2021. The Capitol Crossing project is privately funded, and is one of the largest ongoing private developments in DC. [2]
In 2023, Trump campaign officials acknowledged the Project 2025 aligned well with Agenda 47; [19] however, Trump repeatedly disclaimed it in 2024. [20] As of June 2024, Project 2025 had reportedly caused some annoyance in the Trump campaign which had historically preferred fewer and more vague policy proposals to limit opportunities for ...
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This $80 million project, to be constructed by The Henson Companies and real estate developer A&R Development, includes 312 low-income units in a mixed-use development. The ground floor of the property will include 20,000 square feet (1,900 m 2) of retail space, and as part of the development package. Grocery Store and Food Access