DDC, PTM Launch Leasing at 453-Unit MF Community in Buzzard Point

Co-developers Douglas Development Corp. (DDC) and PTM Partners have launched leasing at Watermark, a 453-unit, 11-story mixed-use development in Washington D.C.’s Buzzard Point.

Located at 1900 Half St. SW., the adaptive re-use waterfront development consists of 453 apartment units, 290 on-site parking spaces, two waterfront amenity courtyards, a rooftop infinity pool and 17,000 square feet of retail space leased to Eagle Academy. Buzzard Point is a former industrial area that is transitioning into a business center, urban neighborhood, entertainment district and waterfront destination. Prices for units at Watermark range from $1,500 per month up to the mid- $5,000s.

“By being able to combine PTM’s and DDC’s deep knowledge and expertise in multifamily development and adaptive reuse, we have been able to deliver a Class-A waterfront product to a rapidly growing market at a price point that is accessible to renters who have been priced out of many other recent new Class-A developments in D.C.,” said Michael Tillman, CEO at PTM. “Moreover, we have layered-in novel amenity and technology offerings that are unlike others in the D.C. market and are excited to deliver a desirable home for our future residents.”

For comments, questions or concerns, please contact David Cohen