DC DEVELOPMENT(S): THE PARKS AT WALTER REED

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Keeping tabs on a city like DC can seem daunting ­–– there are so many moving parts to keep track of and so much that’s changing on a regular basis. And while your commute home might be filled with more “When did that open?” and “Has that always been there?” moments than you’d like to admit, one thing’s for sure: It’s easy to stay interested in this humble abode we like to call home. One of the most exciting and buzzed about developments on DC’s calendar as of lately is The Parks at Walter Reed.

The Parks at Walter Reed is a $1 billion mixed-use project created by TPWR Developer LLC, which broke ground officially in April 2017. While TPWR Developer LLC alludes to the fact that the project is coming to be thanks to one organization, it’s actually a joint venture of Hines, Urban Atlantic, and Triden Development Group. According to CP Executive, The Parks “is the largest master-planned community under development in Northwest DC.” Speaking to the vision behind it all, a Hines spokesperson was quoted:

“We have the opportunity to create a unique, vibrant, mixed-use urban community with significant green space that reconnects what was a formerly secured site back into the fabric of DC. The Parks will become a new destination to live, work, shop, and play in the District.”

For those unfamiliar with The Parks, I will try to paint a picture. At 3.1 million square feet, The Parks at Walter Reed will be substantial. So substantial, in fact, that they have their own slogan: Uptown and unexpected. So what will the 66-acre site entail?

At the center of the project, will be what’s been dubbed a “town center,” anchored by a grocery store and a number of other retail stores that have yet to be announced. Plus, there will be “The Village Green,” which will serve as a community-oriented outdoor space. While the project is being developed in stages (with the first stage expected to take 2-3 years), the overall plan includes a buildout that will take 10-15 years, and will be complete with:

  • 1,560 apartments
  • 550 condos
  • 96 townhouses and 2-over-2 units
  • 200,000 square feet of office and medical space
  • 240,000 square feet of retail
  • 200-room Hyatt hotel
  • 30,000 square feet of arts and cultural space
  • 20 acres of open space

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The project will be situated on the former site of the Walter Reed Army Medical Care Center City. The Parks is a huge undertaking, and the housing here will certainly not be one-size-fits-all. Along with fitting varying needs of family sizes, the project will be far-reaching enough to offer solutions for those at different income levels, with affordable housing in the mix. Some details on various parts of the project:

Building IJ – Offering 320 modern apartment residences and 60,000 square feet of ground floor retail space.

Abrams Hall – Abrams Hall Senior Apartments will make way for 80 affordable seniors’ units, along with a new headquarters space for the nonprofit, Housing Up.

Parcel VU – The Vale will be home to 301 apartments, atop of 17,000 square feet of ground-floor retail space. The Brooks will house 89 for-sale condo units.

While much of this development will be shiny and new, those behind it have not overlooked the piece of land’s past. On the official Parks website, they talk about how they plan to eloquently reimagine the roots:

“For more than 100 years, Walter Reed was the US Army’s flagship medical center, proudly serving more than 150,000 military personnel, as well as elected officials and heads of state. The redevelopment plan honors the legacy of Walter Reed, preserving significant historic buildings along with more than 20 acres of open space, community parks, and plazas.”

Along with preserving history, the plan has also been sure to preserve the environment –– implementing tools for energy and water conservation, alternative forms of transport, and using recycled and local construction materials when possible.

With so much of this development still developing, it’s safe to say this is a project worth keeping tabs on. You can stay updated on The Parks at Walter Reed here: http://theparksdc.com/updates/

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