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Hines Partnership Adds Land for Walter Reed Redevelopment

Hines, Urban Atlantic and Triden Development Group, along with joint venture partner Bridge Investment Group, have closed on 1.5 acres at The Parks at Walter Reed in northwestern D.C. to develop The Hartley, a 323-unit luxury, multifamily property. It will be the third new-construction phase to commence at the redevelopment of the former Walter Reed Army Medical Center.

Designed with 323 rental units, including 32 affordable units, and 58,000 square feet of retail anchored by Whole Foods, The Hartley will be the centerpiece of the project’s mixed-use Town Center. It will join the 89-unit Brooks residential condominium complex and the 301-unit Vale rental property, both currently underway.

Santander Bank N.A. and EagleBank are providing the construction financing. CBRE+Streetsense is engaged for the Parks retail leasing. Construction on The Hartley is expected to begin next month, with completion of the project expected in early 2022.

For comments, questions or concerns, please contact Paul Bubny

Connect

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Development
  • ◦Sale/Acquisition
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