Akridge, National Development Top Out 2.7 MSF Stacks Development in D.C.

by John Nelson

WASHINGTON, D.C. — Akridge and National Real Estate Development (National Development) have topped out Phase I of The Stacks, a 2.7 million-square-foot mixed-use development in Washington, D.C. Situated in the city’s Capitol Riverfront district and within the Buzzard Point neighborhood, Phase I of the project is dubbed Building B, which is one of three 14-story residential towers coming to the development. The first phase will feature 1,100 apartments, 35,000 square feet of retail space, 300,000 square feet of below-grade parking and loading and a 15,000-square-foot public park.

General contractor Clark Construction has finished vertical construction on Building B and will now pivot to finishing concrete operations on Buildings A and C. Bank OZK provided construction financing for the project. The Stacks is jointly owned by Akridge, National Development, Bridge Investment Group, Blue Coast Capital and institutional funds managed by National Real Estate Advisors. The project team expects to fully deliver The Stacks by the end of 2025.

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