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Forest City Gets Go-Ahead at The Yards

Want to get a jump-start on upcoming deals? Meet the major D.C. players at one of our upcoming events!

Forest City has already been doing site work for Arris, the next multifamily addition to its big Yards complex in Capitol Riverfront. And the firm now has the green light to go vertical, receiving a building permit from the District earlier this week. (We snapped the site a few weeks ago.) Until this week though, GSA had been the owner of the Arris site. According to DC public records, Forest City paid $28.3M to take over ownership, which is the figure the city has the site assessed at. Arris will include 327 residential units and 20k SF of retail once it delivers late next year.