Navy Yard is booming.
The population of Navy Yard, aka the Capitol Riverfront, is expected to be nearly 79 percent bigger three years from now. The Capitol Riverfront BID projects the area will gain an additional 3,700 residents by 2017. About 4,700 people call the neighborhood home now.
The BID highlighted the growth of the neighborhood today, presenting a report on growth in the area roughly bound by South Capitol Street, I-695, Southeast Freeway and 15th Street SE.
“A year ago, Capitol Riverfront office workers outnumbered residents almost 8 to 1, but over the next three years, some 3,200 new residential units, three new hotels and 270,000 square feet of new retail will cut that ratio in half,” BID President Michael G. Stevens said in a statement.
Here’s Navy Yard by the numbers, with 2014 figures the BID shared today:
- 105,000 square feet of new retail space opened
- 190,000 SF office space leased
- Six new apartment buildings with a total of 1,916 units under construction as of Q4 2014
- 168-room Hampton Inn under construction
- 46 percent of the apartment construction started in DC in 2014 was in Capitol Riverfront
- Eight new restaurants open: Willie’s Brew & Que, Ice Cream Jubilee, TaKorean, Sweetgreen, Starbucks (in Harris Teeter), 100 Montaditos, Big Stick, Subway Café
- Whole Foods breaks ground in 2014 will open in 2017
- 186 events in the Capitol Riverfront attracting almost 3 million people
Photo via Capitol Riverfront BID