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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
- ◦Development
- ◦Sale/Acquisition

