On Tuesday, global real estate services company Brookfield Properties unveiled plans for its Phase II of The Yards. Phase II will deliver office, mixed-income residential offerings, restaurants, retail, and public amenities at the center of the Capitol Riverfront.
Notably, Phase II will introduce Yards Place, a main street that runs from the Navy Yard Metro to the new Diamond Teague park on the Anacostia riverfront. Yards Place will be curb-less, cobblestone and pedestrian-oriented, creating a highly walkable destination anchored by the Anacostia River and Nationals Park.
It is the second massive waterfront development in the DC region, and will be the largest. The second-largest, The Wharf, began construction in 2014 with a second phase breaking ground in Spring 2019. The project is expected to be finished in 2022. That development includes 3.2 million square feet across a mile long waterfront.
Once completed, The Yards will be 200,000 square feet larger, for a total of 3.4 million square feet of new development across 10 buildings that will cover 48 acres, 6 acres with water frontage. 2 million square feet is earmarked for office space, 400,000 square feet for shopping and dining space plus 3,400 residential units and 7.5 acres of public green space.
“The second phase of The Yards is reshaping the Capitol Riverfront by transforming the area into a true downtown with imaginative open-air spaces and retail, residential, and office from some of the best architects in the world,” said Toby Millman, Senior Vice President of Development for Brookfield Properties. “We’re excited for these new additions to the neighborhood and to continue the tradition of our community-wide events and activations in our many open-air public spaces. Brookfield is building [on] the huge success of Phase I of The Yards to create a distinctly 21st-century mixed-use neighborhood.”
Elements in the second phase of The Yards will be designed by architects including Selldorf, SHoP, Leong Leong, Concrete, Studios, Scape and more. Brookfield said all of these architects were chosen for their high-level and forward-thinking designs, as well as their precise attention to detail in past projects and biophilic design elements. Buildings will be built to LEED Gold standards and will maximize opportunities for solar energy wherever possible.
All of the buildings in Phase II will be within a three-minute walk from the water and the large public gathering spaces that will allow The Yards to continue arts and events programming, which includes popular events like Light Yards, Ice Yards and Rosé All Day.
Last February, Phase II began with the groundbreaking on 1250 New Jersey Avenue, the 300,000 square foot headquarters for Chemonics International. Chemonics’ move to The Yards will consolidate the company’s four D.C.- area locations and serves as the official kick-off of the waterfront development’s highly-anticipated second phase.
Since the opening of Yards Park in 2010, Phase I of The Yards focused on the reuse and conversion of several historic Navy Yard structures, integrated with architecturally compatible new development, set in the context of Yards Park. After The Yards was acquired by Brookfield from Phase I developer Forest City in late 2018, the project was given a new outlook. The result of The Yards’ first phase community with hundreds of beautiful residences, chef-driven restaurants, and exceptional public spaces for the community. “Phase II will be a continuation of these ideals that make it the premier waterfront neighborhood in DC.,” said Brookfield.
Learn more about The Yards at TheYardsDC.com. Learn more at Brookfield Properties