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Community
Benefits
The Hoffman-Struever team has the magnificent
opportunity to transform an underutilized section of
the District and recreate the Southwest Waterfront
as a new world class destination. Our vision is to
create vital, thriving, activated spaces catering to
visitors and residents alike. We envision active
public spaces serving as destinations for outdoor
activities, a clean and healthy river bustling with
marine traffic, abundant retail catering to and
fulfilling lifestyle needs, and great cultural and
education landmarks. The benefits to the city of
Washington are endless; here are some of the
highlights:
Affordable Housing
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Over 200 units of affordable
housing |
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50% affordable to households with not more
than 60% AMI |
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50% affordable to households with not more
than 30% AMI |
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McCormack Baron Salazar – national leader in
affordable and mixed income development, will
serve as Owner and Manager |
LSDBE Participation
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Over 20% LSDBE beneficial
ownership of the Master Development entity |
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35% of all goods and services to be acquired
from CBE sources with preferences given to
Wards 6, 7, and 8 |
First Source Hiring / Workforce
Development
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1,300 new permanent jobs
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900 construction jobs
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51% of new jobs created by the project will
be filled by District residents |
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30% of construction apprenticeship
opportunities provided to residents of the
District residing east of the Anacostia River |
Sustainable Construction
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1st LEED-Silver
mixed-use project in the District - LEED-Neighborhood
Development pilot project |
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The Southwest
Waterfront will serve as a national model
for waterfront development best practices |
Tax Revenue
$28.3 million annually in taxes generated
for the District, including:
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Real estate taxes |
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Sales taxes attributable to
$102.5 million in sales |
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Hotel taxes attributable to
$31.8 million in revenue |
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Income taxes from new
residential units |
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Additional corporate, use,
parking, transfer, and deed recordation taxes
totaling over |
First DC neighborhood on the
waterfront
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Complementary development to The Yards,
Baseball District and the waterside mall
redevelopment |
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A unique destination that will appeal to
residents and tourists alike |
Community Participation Contact
Elinor Bacon
202-244-3696
ebacon@erbacondevelopment.com
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