“The Brooks” At Historic Walter REED Redevelopment Honored As Best Washington/Baltimore Mid-Rise Condominium Community

Developed by a joint venture of Urban Atlantic, Hines and Triden Development Group, residential anchor for a new DC submarket is recognized by Delta Associates as an outstanding accomplishment in the multi-family industry

(WASHINGTON, DC) — “The Brooks” at The Parks at Walter Reed has been selected by Delta Associates as the winning property for the 25th Annual Apartment and Condominium Industry Awards for Excellence in the category of Best Washington/Baltimore Mid-Rise Condominium Community. Located on the 66-acre site of the former and historically significant Walter Reed Army Medical Center, the mixed-income community is a residential anchor for a new D.C. submarket master developed by Urban Atlantic, Hines, and Triden Development Group.

Honors were presented in a virtual ceremony on Thursday, October 14, 2021. 

“These honors are a tribute to all of our partners, including the members of the community, who expressed such early confidence in our vision for an amenity-rich residential community in the heart of an exciting new D.C. submarket,” said Caroline Kenney, Managing Director of Public-Private Ventures at Urban Atlantic.

Surrounding the 89-unit “The Brooks,” The Parks at Walter Reed redefines city living. At full build-out, this new “district within the District” will include 3.1 million square feet of mixed-use development, featuring adaptive reuse of existing historic buildings, new construction and more than 20 acres of open space.

At the heart of The Parks, “The Brooks” joins The Vale, the adjacent 301-unit multifamily building, as the first two new construction market rate buildings to deliver within the new community.  Other significant projects at The Parks include the completed Abrams Hall, providing affordable rental homes for veterans and seniors;  the  DC International School, as well as nearly 500 residential units and 100,000 square feet of retail under construction in the project’s Whole Foods Market-anchored marketplace and another nearly 100 affordable seniors units under construction near The Great Lawn. This ambitious master planned community encompasses market-rate homes and affordable homes for veterans, seniors, and low- and middle-income workers. In keeping with its 24/7 vision, it also includes retail, recreation and commercial office.

The project team  for The Brooks includes Torti Gallas Urban and Streetsense, for architecture and interior design, Urban Pace for marketing and sale; and Grosvenor and Eagle Bank which provided financing.  

About Urban Atlantic

Since its founding in 1998, Urban Atlantic has established a strong track record of successfully investing and developing in transformational, large-scale, urban communities. Urban Atlantic focuses on creating vibrant, mixed-use, mixed-income, TOD neighborhoods. Headquartered in the Washington metro area for 20 years, the firm’s portfolio includes over $2 billion in completed real estate developments, creating nearly 9,000 residential units and 1 million square feet of commercial space. Urban Atlantic’s third-party investments have leveraged an additional $2 billion in real estate developments and operating businesses in emerging markets. Visit www.urban-atlantic.com for more information.

About Hines

Hines is a privately owned global real estate investment firm founded in 1957 with a presence in 240 cities in 27 countries. Hines oversees a portfolio of assets under management valued at approximately $160.9 billion¹, including $81.7 billion in assets under management for which Hines serves as investment manager, and $79.2 billion representing more than 172.9 million square feet of assets for which Hines provides third-party property-level services. Historically, Hines has developed, redeveloped or acquired approximately 1,450 properties, totaling over 485 million square feet. The firm has more than 180 developments currently underway around the world. With extensive experience in investments across the risk spectrum and all property types, and a pioneering commitment to ESG, Hines is one of the largest and most-respected real estate organizations in the world. Visit www.hines.com for more information. ¹Includes both the global Hines organization as well as RIA AUM as of December 31, 2020.

About Triden Development Group

Triden Development Group was established in 2004 as a District-based Certified Business Enterprise (“CBE”) and is a master development partner on more than $7 billion of local mixed- use projects. The Triden team has nearly 80 years of combined experience at the forefront of public-private collaborations addressing economic development challenges in the District of Columbia and major urban centers throughout the nation. Triden provides development, equity investment and advisory services related to infrastructure, retail and community benefits, as well as custom, project-specific assignments. As a local equity participant and investment development partner in projects including three of the largest mixed-use projects underway in the District of Columbia, CityCenterDC, The Wharf and now The Parks at Walter Reed, Triden is committed to long-term projects with transformative impact.