CityCenter DC moving forward
Hines, a Texas-based development firm, has a preliminary agreement to finance construction of the CityCenter DC project on the site of the city’s former convention center and plans to start construction in the first week of April.
The project will erase a large surface parking lot that was built temporarily while the developers completed planning and sought financial partners during the recession. CityCenter is slated to include six buildings and 1.4 million square feet of development in all, including four residential towers, two office buildings, dozens of stores and a public plaza.
At an estimated cost of up to $950 million, D.C. officials estimate that when it gets underway it will be one of the largest active developments on the East Coast.
-- Jonathan O'Connell
Capital Business reporter
By
Washington Post editors
| October 21, 2010; 3:12 PM ET
Categories:
DC
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Posted by: sbuck | October 21, 2010 3:32 PM | Report abuse
Could this be setting up the biggest April Fools' joke ever?
Posted by: TheAMT | October 21, 2010 5:52 PM | Report abuse
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Any chance that CityCenter is going to include AFFORDABLE housing?