The Bozzuto Group, of Greenbelt, and the Peterson Cos., of Fairfax, Va., announced the start of construction of The Esplanade, National Harbor’s first rental apartment development.
The $70 million high-rise project will include 262 luxury apartments, 14,400 square feet of street-level retail, and a 420-space parking garage.
Residences will be available in studio, one-, and two-bedroom floor plans.
Construction is expected to be completed in early 2015. National Harbor, developed by Peterson Cos., opened in 2008.
A 350-acre mixed-use community on the banks of the Potomac River in Prince George’s County, it presently contains hotels, restaurants, retail stores, offices, entertainment, and nearly 600 residential condominiums and townhouses.