PHOTO: Courtesy Hoffman & Associates
Monty Hoffman
Founder and chairman at Hoffman & Associates
The past year was a year of milestones for Hoffman & Associates.
The Wharf, the developer’s $3.6 billion mixed-use project along the Potomac River, was completed last fall, and it has matured into one of the hottest go-to spots in Washington, D.C.
“With the delivery of The Wharf, we are seeing a new invigoration in the Southwest region of the city,” Monty Hoffman said. But that doesn’t mean the work is over, by any stretch. “We have two other key projects in the works right now that we believe will play key roles in the future of the area,” Hoffman added.
Scheduled for delivery later this year, Waterfront Station II is located at the heart of the city’s Southwest neighborhood, less than one block from the Waterfront Station Metro station and three blocks from The Wharf.
The 449-unit apartment building will have an affordable component for households making under 50 percent area median income and includes both retail and cultural space on the ground floor, which will be occupied by Good Company Doughnut Cafe and Apple Tree Public Charter School. “Waterfront Station II will contribute to the dynamic, community-centric feel of the Southwest area,” Hoffman said.
Hoffman & Associates is bringing a similar project to the growing Buzzard Point neighborhood in Southwest D.C., where it expects to break ground on a 455-unit residential building at Audi Field next year. This development will add an acre of public space and 49,000 square feet of retail to the area, which will house the District’s first Brooklyn Bowl location.
The past year also marked the groundbreaking of West Falls, the largest development project in the history of Falls Church, Va., featuring 1.2 million square feet across nearly 10 acres.
In another milestone, the company celebrated its 30th anniversary last month and announced an expansion into two new markets with projects in Charlotte, N.C., and Richmond, Va., growing its regional footprint.
“From our first townhouse conversion project in Washington, D.C., to our current portfolio of over $6 billion of development, we have always been committed to creating impactful mixed-use and residential communities that stand the test of time,” Hoffman said.