Renovation and rehabilitation of numerous buildings inside the Navy Yard for NAVSEA Command has been completed as well as the commencement of construction of the adjacent Southeast Federal Center and the new 1.5 million square foot headquarters of the United States Department of Transportation. In addition, retail, residential and hotel developments are underway in this newly developing market. The 20 M Street is directly adjacent to the Navy Yard metro station and just one block from Nationals Park, the new home of the Washington Nationals. The continued growth of the Navy Yard population combined with new planned developments, the M Street restorations, and the neighborhood amenities will create vibrant economic and community growth and a visual neighborhood continuity.
The Washington Navy Yard is the US Navy's oldest shore establishment. Founded in 1799, it occupies land set aside by George Washington for use by the Federal Government. It was originally used for shipbuilding and by 1850 its primary function had evolved into ordinance production ceased in 1961, the facility became a major supply and administrative center. Currently, in addition to the administrative function, the complex houses The Marine Corps Historical Center, commemorative parks, and the US Navy destroyer U.S.S. BARRY on permanent display. The complex attracts about 400,000 tourists every year. The Washington Navy Yard employs thousands of workers, about two-thirds of which are civilian.
In 1963, the Navy gave approximately half of the 120-acre Washington Navy Yard facility to the General Services Administration (GSA). The site, now called Southeast Federal Center (SEFC), has development plans to become a mixed-use complex providing office, retail, restaurant, entertainment and public spaces. Ultimate plans show that the development will accommodate 23,000 Federal employees in 5.8 million square feet of office space, a 4,000 seat regional cinema complex, and a pedestrian link to the Navy Yard by a waterfront promenade.