THE BOWER

In addition to studio, one, two and three bedroom living spaces, The Bower offers two levels of underground parking, a penthouse lounge and approximately 13,ooo square feet of ground floor retail. Floor plans range from studios to penthouse units with terraces. The Bower is the Navy Yard’s first new condominium and robust sales for the project proves that the location is very appealing to buyers. Residential Navy Yard development began during the real estate boom of the late 1990’s through early 2000’s, then halted abruptly during the market downturn. In 2012, however, many projects were revised or renewed and the Navy Yard and Yards Park have undergone a rapid transformation over the past 5 years. Forest City’s 48-acre The Yards development plan includes over 3,375 apartments, 1.8M square feet of office space and 400,000 square feet of retail over the next 18 years. The Navy Yard is on track to be one of DC’s most densely populated neighborhoods. More than 15,00 residents are predicted to move into Capitol Riverfront neighborhoods by 2020. It is DC’s fastest-growing area. At full build-out, the Capitol Riverfront will deliver nearly 40 million square feet of residential, office space, hospitality and retail and four parks. This area is expected to continue its expansion and the probability is that more condominium projects will go under construction during the next decade. In addition to The Bower on the northern portion of Parcel O-1, Forest City Washington is building a  double tower, 190-unit rental apartment building with approximately 6,000 square feet of ground floor retail at the southern portion of site. Water Street was extended eastward to connect with 5th Street, which was rebuilt. The Arris apartments, a 327 unit rental property on Parcel N is a mixed-use project that includes retail tenants Chloe restaurant, Philz Coffee, The Shilling Canning Company restaurant, Juice Laundry and Conte Bikes, among others.