SOURCE: Forest City Washington

Forest City Washington

August 16, 2011 10:22 ET

Forest City Washington Announces Opening of Foundry Lofts Leasing Office at The Yards

WASHINGTON, DC--(Marketwire - Aug 16, 2011) - Forest City Washington, today announced the opening of pre-leasing for Foundry Lofts, an adaptive reuse of a historic industrial building located in The Yards, Washington, DC's up-and-coming urban development near Nationals Park in the Capitol Riverfront.

Foundry Lofts is comprised of 170 loft apartments including 33 two-level penthouse apartments. Street level retail, including Potbelly Sandwich Shop and Kruba Thai and Sushi, allows for convenient urban living in a growing neighborhood.

Boasting 12-14 feet high ceilings and exposed brick and concrete beams, the lofts retain the urban feel of the historic Navy Yard building that houses them, a unique occurrence in the District. With 1-2 bedroom loft apartments starting at $2,000/month and penthouses from $3,100/month, homes in Foundry Lofts come complete with all the comforts and amenities you could want for upscale urban living.

Apartments feature hardwood flooring, stainless steel appliances, granite counters with a glass tile back splash and washer and dryer in every apartment. The two-story penthouse apartments feature semi-private outdoor terraces and panoramic views.

The pet-friendly building is surrounded by the Yards Park and the waterfront and is within walking distance of the Navy Yard Metro and Nationals Park. When they're not sneaking in a workout on the yoga terrace, residents can kick back with a movie in the outdoor living room or grab a game of pool with a neighbor in the resident lounge.

"Adaptive reuse of historical buildings is a rarity in the District," said Deborah Ratner Salzberg, president, Forest City Washington. "We are excited to bring this residential rebirth to the area with Foundry Lofts."

Foundry Lofts has their first move-ins planned for this October. For more information please visit http://www.foundryloftsdc.com/. Follow Foundry Lofts on Facebook and Twitter.

Foundry Lofts is located at 301 Tingey St. SE, Washington, DC 20003. For information about leasing at Foundry Lofts, contact foundryloftsleasing@forestcity.net or (202) 479-2734.

About Foundry Lofts:

Foundry Lofts is an adaptive reuse of a historic Navy Yard industrial building comprised of 170 loft apartments including 33 two-level penthouse apartments with 10,000 sq. ft. of street level retail. Foundry Lofts is located within The Yards, Southeast DC's newest mixed use development near the Washington Nationals Park. For more information visit http://www.foundryloftsdc.com/.

About Forest City Washington:

Forest City Washington is a subsidiary of the Cleveland-based Forest City Enterprises, Inc., (NYSE: FCE-A) (NYSE: FCE-B) a NYSE-listed national real estate company with $11.5 billion in total assets. The Company is principally engaged in the ownership, development, management and acquisition of commercial and residential real estate and land throughout the United States. For more information, visit www.forestcity.net

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