Tishman Speyer, one of the world’s leading developers, owners, operators and asset managers of first-class real estate, today announced it has acquired a two-acre site near Nationals Ballpark in Washington, D.C. The firm intends to develop a total of approximately 800 residential rental units, along with 44,000 gross square feet of retail plus below-grade parking.

The development siteis located in the Capitol Riverfront submarket, east of South Capitol Street. It occupies a full block, between Eye and K streets and between First and Half streets.

The project will be designed and built for LEED certification, and will feature an attractive array of active social spaces and popular amenities.

Tishman Speyer President and Chief Executive Officer Rob Speyer commented, “Like many of our nation’s other great cities, Washington D.C. is experiencing strong demand for high-quality, well-located housing. While best known for our world-class office properties, Tishman Speyer is currently helping to meet residential demand with projects underway in cities such as New York, Boston and San Francisco, as well as overseas. We have a strong business presence in the District and in the region, and that will continue as we broaden our development activity here.”

Paul De Martini, regional managing director for Tishman Speyer, added, “We were extremely pleased to find such a well-located site for our initial residential project in the District. Our objective now is to create the area’s most compelling place to live, and we look forward to fulfilling that objective with what will be the Capital Riverfront’s crown jewel.”