Walter Reed Moves One Step Closer to Development
Don't expect to see cranes looming over Georgia Avenue anytime soon, but the city moved one step closer today to acquiring and redeveloping the sprawling Walter Reed site.
Although the city has already selected a team to develop the 67-acre site between 16th Street NW and Georgia Avenue into a mixed-use campus, Walter Reed doesn't actually belong to the District yet. Before ground can be broken, the U.S. Army will have to transfer the land to the city. And for that to happen, the deal needs the blessing of the U.S. Department of Housing and Urban Development.
That blessing came last week, in the form of HUD's approval of the Homeless Assistance Submission and Reuse Plan for the site, and was announced by Mayor Vince Gray today.
“We are now one step closer to executing the vision for this site that has been formulated by the community over many years,” Gray said in a statement. “The redevelopment of the former Walter Reed Army Medical Center will provide vital new housing accommodations for our veterans and seniors and shopping opportunities for our neighbors to reduce retail leakage in the area. It will also create jobs and provide many more amenities for residents, making this one of the premier destinations in the District of Columbia.”
Once the Army hands over the land, the developers Hines and Urban Atlantic are planning to construct a campus that includes a "town center," a commerce and science center, a senior village, Massachusetts Institute of Technology and George Washington University facilities, a Hyatt hotel, and an arts center. There will also be a substantial residential component, including 300 affordable housing units.
Rendering from Hines and Urban Atlantic