Developers selected for $800 million Washington, D.C., project

A team of developers led by Washington, D.C.-based PN Hoffman and Baltimore-based Struever Bros. Eccles & Rouse has been named to redevelop a 47-acre site in the southwest quadrant of the District and transform it into a park-like setting. The companies plan to invest $800 million into the project, which will feature a promenade and tall ships docking at the piers. The development is expected break ground in 2009 and take eight years to complete.