The Beat Goes On

Release Date: Friday, August 15th 2008

The Downtown BID’s 2008 1st Quarter (1Q) Development Activity Report is out, and the numbers show steady growth, overall, in the number of projects completed, under construction or being planned since 1997 through the first quarter and versus the same period a year ago in the Downtown BID area and in Greater Downtown.

The report includes maps showing  each project 's location and information on square footage, total dollar amount invested and property use. The 2008 1Q Development Report is the first to include projects completed from January 1, 1997 to December 31, 1999 in the summary of completed development. Previous reports began tracking and summarizing development as of January 1, 2000.

The Herbert Hoover Building (1401 Constitution Avenue), better known as the U.S. Department of Commerce building, graces the cover of this report. Currently undergoing a $652 million, 13-year renovation project that began in February, the Hoover Building is home to the National Aquarium, which recently completed its own $2 million renovation.

Click here to access Development Activity in Greater Downtown Washington, DC: 2008 1st Quarter Report.