New Construction Coming to DC - 2023 New Developments in Washington DC

Washington, DC is a city that's constantly evolving, and for prospective homebuyers, it's important to stay informed about the upcoming developments that will shape the city's future. In this article, we will discuss some of the major construction projects happening in DC in 2023, their potential impact on the neighborhoods, and the opportunities they may present for homebuyers and investors. Join us as we explore the exciting new developments on the horizon.

1. RFK Redevelopment

The RFK Stadium site has long been a topic of discussion and debate. DC's Mayor, Muriel Bowser, has expressed the need for a makeover, and plans are underway to transform the area into a recreation center. With an estimated investment of 60 million dollars, the redevelopment aims to include indoor tracks, gymnastics facilities, a gateway park, and cultural spaces reminiscent of iconic landmarks like the Gateway Arch. Additionally, there's a possibility that the site could once again become a stadium for a future Washington football team, adding further potential for growth and investment.

2. McMillan Sand Filtration Site

The McMillan Sand Filtration Site redevelopment is a project balancing preservation and progress. The district plans to invest approximately 100 million dollars in public infrastructure, including the creation of an eight-acre park and a community center. McMillan Partners will oversee the development, which will feature a mix of amenities such as a grocery store, restaurants, townhouses, rental apartments, and healthcare facilities. This ambitious project is expected to generate around 2000 jobs, providing opportunities for both residents and newcomers.

3. Southwest Waterfront - Waterfront Station Two

The Southwest Waterfront is set to undergo a transformative development known as Waterfront Station Two. This 12-story, 400,000 square foot building aims to revitalize the area by introducing a vibrant mix of retail spaces, residential units, and a performing arts theater. Apple Tree School, a local early childhood education provider, will also establish a presence in the development. With a total of 449 rentals, including 136 designated as affordable housing, Waterfront Station Two seeks to create an inclusive and diverse community. The project is expected to be completed by the end of 2023, offering residents a lively and creative hub.

4. The Stacks at Buzzard Point

The Stacks, located in DC's Buzzard Point neighborhood, is an exciting development led by Acreage and National Real Estate Development. This project aims to bring a vibrant mix of retail and residential spaces to the capital riverfront area. With an estimated completion date in 2025, the Stacks will offer around 1100 rental apartments and approximately 35,000 square feet of retail space. Its location near the ballpark and Audi Field adds to its appeal, creating a lively atmosphere for residents and visitors alike.

5. St. Elizabeth Campus Redevelopment

The redevelopment plans for the historic St. Elizabeth campus in Ward eight have been submitted by DC Developer Red Brick. The centerpiece of the project is a five-building complex spanning 650,000 square feet, featuring large public parks, a hotel, affordable housing, and retail spaces. With an interconnected design, the development aims to foster community engagement, including outdoor concerts and a variety of local businesses. The project, which includes at least 150 affordable residences, seeks to inject new life into the area while preserving its historical significance.

6. Amazon's HQ2 in Arlington

Although not located in DC proper, Amazon's HQ2 in Arlington is a significant development that will have a profound impact on the entire region. With the project set to be complete by 2030 and already creating thousands of jobs, the presence of Amazon is reshaping the nearby areas, such as Crystal City and Pentagon City, now referred to as National Landing. The increased job opportunities and infrastructure improvements in the area are likely to impact real estate values and attract further investment.

As Washington, DC continues to grow and evolve, it's crucial for homebuyers and investors to stay informed about the city's upcoming construction projects. The developments discussed in this article, from the RFK Redevelopment to Amazon's HQ2, represent significant opportunities for those considering purchasing property in the capital. However, it's important to approach these developments with careful consideration, as timelines and plans may change over time. By staying informed and working with a knowledgeable real estate agent, prospective homebuyers can make educated decisions and potentially benefit from the exciting new developments happening in Washington, DC.