DC’s businesses and residents are shaping a new community in one of the largest riverfront redevelopment districts in the United States. Located just five blocks south of the U.S. Capitol, the Capitol Riverfront offers a waterfront setting with a distinct maritime heritage, multi-modal accessibility, nationally-recognized parks, and vibrant retail. The Business Improvement District is a mixed-use neighborhood. It was a former industrial area that is being transformed into a business center, urban neighborhood, entertainment district and waterfront destination. The project involves adding over 9,000 new apartments, condominiums and lofts, modern office towers, 1,200 hotel rooms, one million square feet of retail amenities including two future grocery stores, new restaurants, shops, and cafes. Over 33,900,000 square feet of new office, residential, hotel and retail space as well as four new parks are planned over the next 10–15 years.
(Source: Washington DC Economic Partnership, Wikipedia)