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National Harbor apartments underway

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.