WELCOME

Thank you for your interest in the Hines - Urban Atlantic - Triden team and plan for the redevelopment of the former Walter Reed Army Medical Center (WRAMC). Our team is honored to have been selected by the District of Columbia Office of the Deputy Mayor for Planning and Economic Development, through the Walter Reed Local Redevelopment Authority (LRA), to work with the LRA on the redevelopment of this landmark site.

The LRA led a highly inclusive planning process that stands as an excellent model for leading the development of this nationally and historically significant site.

We want to thank all of the community stakeholders who provided feedback and guidance to shape the plan. Your amazing commitment of time, thoughtfulness and energy has been critical to achieving a community based plan that ensures that The Parks at Walter Reed is woven into the broader neighborhood fabric.

We are excited to be working with the LRA to get The Parks at Walter Reed underway, and we encourage you to explore this website to learn more about the vision, team, and next steps.

OUR TEAM

The Hines - Urban Atlantic - Triden master development team combines best-in-class retail, residential and mixed-use experience at national and local levels to bring the The Parks at Walter Reed vision to life. We are comprised of individuals with deep roots in Washington, DC who are committed to honoring the legacy of Walter Reed. The team is made up of the following members:

Hines is a global creator of landmark commercial, residential and mixed-use real estate developments with more than 50 years experience in real estate and a portfolio of more than $25 Billion in over 1,000 properties worldwide. Learn more at www.hines.com

Urban Atlantic is an expert in real estate development and investment in urban growth markets. Since its founding in 1998, Urban Atlantic has built a track record of transforming urban communities and delivering strong returns to investors and partners. Learn more at www.urban-atlantic.com

Triden Development Group is a Washington, DC-based real estate development firm with over 70 years of combined experience in real estate and financial transactions. Triden is a registered Certified Business Entity (CBE) in the District of Columbia.

The team also includes component developers Weingarten REIT and Toll Brothers, national leaders in retail and residential development respectively.

THE PLAN

Based on the Small Area Plan (SAP) that was developed by the LRA and local community stakeholders, The Parks at Walter Reed envisions an inclusive, innovative and sustainable multi-use development woven into the broader community fabric.

The Parks at Walter Reed will include roughly 250,000 square feet of retail, a Hyatt conference center and hotel, and an "Innovation Core" anchored by medical research departments of George Washington University, bioscience and pharmaceutical companies, and economic development and sustainability programs of MIT.

More than 2,000 units of high quality housing will be developed to serve a diverse mix of incomes and households, providing both rental and homeownership options, including artist housing and a seniors village that facilitates aging-in-place. 20% of the total units onsite will be affordable.

The plan reflects the history and natural beauty of the campus, preserving significant historic buildings and roughly 20 acres of green space, while making it a center for culture and the arts through creative mixed-use elements and historic programming.

The plan for The Parks at Walter Reed is green to the core, employing energy saving and water conserving tools, alternative forms of transport, and recycled and local construction materials to minimize the environmental impact of development.

Finally, at over $1 Billion in direct investment, The Parks at Walter Reed will be a major economic engine for Washington, DC, generating thousands of jobs and tens of millions in annual revenues. The commitment to high CBE participation, local hiring, and inclusion of Georgia Avenue businesses ensures that the surrounding community will benefit from this landmark development.

THE LEGACY

For more than 100 years, the Walter Reed Army Medical Center (WRAMC) was the U.S. Army's flagship medical center, proudly serving more than 150,000 military personnel as well as elected officials and heads of state. As the New York Times put it, "History has marched through [these halls], where presidents, princes, kings and generals mingled in their hospital gowns."

Throughout its years of service to the country, WRAMC was also a point of pride and economic importance to the surrounding community, and the plan for The Parks at Walter Reed honors this important relationship.

For additional information on the history of WRAMC and the community planning process for the redevelopment, please visit the LRA's website.

WHAT'S HAPPENING NOW






We can't wait to get started on The Parks at Walter Reed, and we know you're also eager to get updates and know about next steps. Here's what you can expect us to be working on in 2014:


  • Negotiations for the Conveyance of Land from Army to LRA to Master Developer (with the goal of a 2015 transfer)

  • Development Agreements between the LRA and Master Developer

  • Preliminary Financial Structuring

  • Due Diligence, Planning & Predevelopment

  • Coordination with State Department

  • Community Engagement, Communications & Economic Development

  • Anchor User Programming: Retail, BioScience, Health

  • Coordination with the "Notice of Interest" (NOI) non-profit identified for the site in 2012 and approved in 2014

We will keep this site updated with any milestones as we pass them, as well as any media coverage the project receives, but for the latest in-depth development news about The Parks at Walter Reed, please visit the LRA's website and sign up to receive automatic news updates.

CONTACT

For the latest in-depth development news about The Parks at Walter Reed, please visit the LRA's website and sign up to receive automatic news updates.

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