There is progress to report on the District’s largest ongoing economic development project, and in this update, we’ll take a look from the air.
Hoffman-Madison Waterfront, the joint venture partnership of PN Hoffman and Madison Marquette, is 15 months into its work on The Wharf. The 1.5 million-square-foot, $1.2 billion first phase of the Southwest waterfront overhaul, according to the team’s summer update, is on track to deliver its first building in mid-2016, and the remainder roughly a year later.
Per the update, Hoffman-Madison and its general contractor, Clark Construction, have excavated 90 percent of the site and driven roughly 2,100 of the planned 5,700 landside piles deep into the ground. In the Washington Channel, 246 piles ranging from 70 to 115 feet in height are in place, providing support for The Wharf’s four public piers.
Check out aerial views of The Wharf construction, in the gallery.
The first of seven tower cranes is operational as of this week, Hoffman-Madison announced, and the 108-unit condominium building at 525 Water St. SW — what will be the first residential project to deliver at The Wharf — topped out on June 25. The 105,000-square-foot building, featuring Potomac River views, will front a new 3.5-acre waterfront park.
The 25-acre Wharf, covering nearly a mile of shoreline south of the historic Fish Market, will at full buildout include 3.2 million square feet of development. The first phase will feature a 6,000-seat David Rockwell Group-designed theater, a 278-room InterContinental Hotel, 218,000 square feet of office space, 600 apartments, nearly 250 condominiums, 1,324 underground vehicle parking spaces and 1,300 bicycle spaces.
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