WASHINGTON, D.C. (March 29, 2016) – PN Hoffman, a developer of premier urban communities across the Washington Metropolitan Area, announced today that DMPED awarded them the right to develop Waterfront Station II, a 59,000-square-foot lot at 1000 Fourth Street, SW. The development team is comprised of PN Hoffman, Paramount Development, ER Bacon Development, CityPartners and AHC Inc.
The redevelopment plans accepted by DMPED on Friday, March 25, include a 400,000-square-foot, mixed-use community of 443 units – 310 market-rate and 133 affordable – in addition to 20,000 square feet of retail and a 10,000-square-foot theatre space. The entire development is designed to achieve LEED Gold.
“The Southwest Waterfront is experiencing a renaissance unlike anything else in the District,” said PN Hoffman founder and CEO Monty Hoffman. "We are confident that our plan to revitalize a key portion of 4th Street SW will enhance the livability and allure of the neighborhood.”
“We are excited for the opportunity to continue our work in Southwest, and we look forward to providing significant new mixed-income housing, cultural space and retail to help complete the transformation of 4th Street SW,” said Shawn Seaman, principal and senior vice president of development at PN Hoffman.
PN Hoffman is investing heavily in Southwest DC. They are developing The Wharf, a 3.2 million square foot community, as well as 525 Water and Riverside Baptist Church.
About PN Hoffman
Since 1993, PN Hoffman has developed numerous extraordinary upscale condominium and mixed-use communities in the Washington D.C. area. Its award-winning designs and transformative developments elevate neighborhoods and provide special places where people live and enjoy. Careful planning and neighborhood outreach ensure that PN Hoffman developments vitalize urban landscapes bringing renewed life to communities. PN Hoffman is the managing member of Hoffman-Madison Waterfront, a joint venture of PN Hoffman and Madison Marquette, which is developing The Wharf, a $2 billion, 3.2 million sq. ft. neighborhood on one mile of Washington, DC’s southwest waterfront. Additional information can be found online at www.PNHoffman.com and www.wharfdc.com. Other current projects include The Darcy and The Flats in Bethesda, MD; redevelopment of Riverside Baptist Church into a new church facility and residential apartments; 525 Water, a condominium building adjacent to The Wharf; and a luxury condominium building with ground floor retail at The Yards.