For Immediate Release
April 21, 2025 – Washington, D.C. – Greysteel, a leading commercial real estate investment sales and debt and structured finance advisory firm, has announced the listing of a mixed-use opportunity zone development site at 45 Q Street SW, located in the rapidly expanding Southwest Waterfront area of Washington, D.C. This fully entitled, shovel-ready property sits at the convergence of the city’s transformative neighborhoods, including Navy Yard, The Wharf, and Buzzard Point.
“45 Q Street is a rare opportunity… between Nationals Baseball Stadium and Audi Field,” said W. Kyle Tangney, Senior Managing Director at Greysteel.
The property is currently entitled for a 152,245-square-foot mixed-use project featuring a 78,414-square-foot Moxy Hotel (182 rooms under the Marriott International umbrella), 64,949 square feet of residential units (64 apartments), 6,546 square feet of ground-floor retail space, and a 4,436-square-foot rooftop venue. Located within an Opportunity Zone and Qualified Census Tract, the site provides eligibility for substantial tax benefits and incentives for developers. The project is available as an outright sale or joint venture with current ownership.
Situated between Nationals Park and Audi Field, 45 Q Street SW is surrounded by hubs of sports, entertainment, and residential activity. The site is a 10-minute, two-turn drive from Reagan National Airport, a 5-minute car ride to the National Mall, and a short walk to both the Waterfront and Navy Yard–Ballpark Metro stations.
Southwest D.C. continues to see rapid transformation driven by investments in infrastructure and community development. The area is expected to see 8% population growth over the next five years, with an average household income of $130,000, supporting demand for high-quality residential and commercial space.
About Greysteel
Greysteel is a premier commercial real estate investment sales and debt and structured finance advisory firm. Serving private and institutional investors across geographies and asset types, Greysteel provides a full spectrum of services, including investment sales, debt placement, equity placement, and distressed asset solutions. Founded on the principles of innovation, collaboration, and excellence, Greysteel is strategically positioned across the nation to deliver exceptional results through a seamless and comprehensive advisory platform. For more information, visit www.greysteel.com.
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