What The Yards does

The Yards is a 48-acre mixed-use waterfront development located along the Anacostia River in Washington, DC's Capitol Riverfront / Navy Yard neighborhood, spanning from the Washington Navy Yard to Nationals Park. It is owned by Brookfield Asset Management and developed and operated by Brookfield Properties, one of the world's largest alternative asset managers. The development integrates Class-A office, residential multifamily, retail and dining, hospitality, marina, and recreational park uses into a single walkable neighborhood. The current portfolio includes 330,000 SF of office (Parcel F at 300K SF, Parcel Q at 217K SF, The Boilermaker at 11,583 SF, plus the fully-occupied 11-story Chemonics headquarters) and 223,000 SF of retail spread across more than 45 dining, shopping, wellness, and entertainment locations including Bluejacket Brewery, District Winery, Albi (Michelin-starred), Harris Teeter, the Thompson Washington D.C. boutique hotel, VIDA Fitness, and Aura Spa. Residential inventory is operated under The Yards Collection and includes seven sub-brands (Arris, The Bower, Estate, Guild, Foundry Lofts, Twelve12, and Vela).

The core product is built space plus the surrounding amenity ecosystem, not a technology platform. Revenue is generated through multi-year negotiated leases across four streams: office leasing (handled via JLL), retail leasing (handled by Brookfield Properties), residential leasing (handled via The Yards Collection), and a 52-slip marina on the Anacostia River. The Yards also operates Yards Park, a waterfront green space co-managed with the Capitol Riverfront BID that hosts year-round programming including the Navy Yard BID Friday Night Concert Series and seasonal events. The development currently houses approximately 1,700 on-site employees across 31 office tenants and a neighborhood population of 22,500+ residents with a 35,315 daytime population.

Phase II expansion, underway since 2019, will add 3.4 million SF of new development across 10 buildings, including 1,260 residential units (bringing the residential total to 3,400), 1.8 million SF of office space, and 500,000 SF of retail. Upon completion, The Yards is positioned as the largest waterfront development in the DC area with 7.5 acres of park space. At full build-out, projected on-site employment rises from 1,700 to 9,000 and office tenants from 31 to 80. Pricing is quote-based and not publicly disclosed across all asset classes, consistent with commercial real estate practice.

Name

The Yards

Legal name

The Yards

Website

https://theyardsdc.com

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

51–100 employees

Short description

The Yards is a 48-acre mixed-use waterfront development in Washington, DC, owned by Brookfield Properties, integrating Class-A office, residential multifamily, retail, dining, hospitality, and marina operations along the Anacostia River with direct Metro and Nationals Park access.

Ownership category

akta.pro rank

Headquarters

HQ city

Washington

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Infrastructure, Operations, Marketing or Sales, Personnel, Supply Chain

Revenue model

1. Office Space Leasing: The Yards generates revenue through leasing office space to corporate tenants. Buildings include Parcel A (900K SF), Parcel F (300K SF), Parcel Q (217K SF), The Boilermaker (11,583 SF office), and Chemonics building. Phase II will add 1.8 million SF of office space across 10 buildings.
2. Retail Space Leasing: Revenue from leasing retail storefronts to restaurants, shops, and services. Current retail offerings include over 45 locations across dining, shopping, wellness, and entertainment. The Boilermaker building includes ground floor retail (Bluejacket Brewery, Hatoba, Varnish Lane, Steadfast Supply, Pacers Running). Chemonics building includes ground-level retail.
3. Residential Leasing: Multiple residential buildings within The Yards offer apartments for lease, including Arris, The Bower, Estate, Guild, Foundry Lofts, Twelve12, and Vela. The Yards Collection manages residential leasing. Current Phase I includes residential units, with Phase II adding 1,260 residential units (reaching 3,400 total).
4. Marina Operations: The Yards Marina is a 52-slip marina on the Anacostia River generating revenue from boat slip rentals. It provides direct access to Nationals Park and Yards Park, hosting special events throughout the year.

Pricing tiers

Go-to-market motion1 record

Distribution channels6 records

Marketing channels7 records

Core offering

The Yards is a 48-acre mixed-use waterfront development in Washington, DC that develops, owns, and leases integrated residential, office, retail, hospitality, and marina properties along the Anacostia River. It generates recurring revenue by leasing Class-A office space to corporate tenants through JLL, leasing residential apartments through The Yards Collection, leasing retail space through Brookfield Properties, and renting boat slips at the 52-slip Yards Marina. Phase II expansion underway since 2019 will add 3.4 million sq ft across 10 buildings, including 1,260 new residential units and 1.8 million sq ft of office space.

Product overview

The Yards is a mixed-use waterfront development in Washington DC spanning 48 acres along the Anacostia River, developed by Brookfield Properties. The offering operates as a platform of interconnected real estate products rather than a unified software platform. The portfolio includes: residential offerings (The Yards Collection managing Arris, Twelve12, Foundry Lofts, The Bower, Estate, Guild, and Vela apartments); commercial office spaces (Parcel A at 900K SQFT, Parcel F at 300K SQFT, Parcel Q at 217K SQFT, The Boilermaker at 11,583 SQFT, The Lumber Shed, and Chemonics Building); amenities (The Yards Marina - 52-slip marina, Yards Park waterfront park, Thompson Washington D.C. boutique hotel, VIDA Fitness with Penthouse Pool and Lounge, Aura Spa); and retail/dining locations. Phase II expansion adds 3.4 million SQFT via 10 buildings with 1,260 residential units and 1.8 million SQFT office space.

Differentiator

Problem solved

Functional benefit

Brands

• The Yards Collection: Residential leasing office managing multiple residential properties including Arris, Estate, Guild, Twelve12, Foundry Lofts, and Vela.
• Yards Park
• Yards Marina
• Activated by Brookfield Properties

Products and services

• The Yards Collection Residential leasing service managing multiple apartment buildings at The Yards, including Arris, Twelve12, Foundry Lofts, The Bower, Estate, Guild, and Vela. Serves individuals and families seeking modern apartment living.
• Arris Riverfront luxury apartment building featuring a fitness center, chef-inspired kitchens, two serenity courtyards, and a rooftop with lap pool, fire pit, and grill area. Targets residential renters seeking luxury waterfront living.
• Twelve12 Luxe minimalist apartments with hardwood flooring, stainless steel appliances, floor-to-ceiling windows, VIDA's Penthouse Pool Club access, and on-site Harris Teeter grocery. Targets residential renters seeking modern urban living.
• Foundry Lofts Reconstructed historic building with loft-style living, exposed concrete beams, brick walls, fitness center and courtyard, fashioned from a former Navy Yard industrial building. Targets renters seeking industrial-chic loft living.
• The Bower Full-service luxury condo building with concierge, private gym, expansive rooftop with outdoor lounge, grilling and dining areas, indoor lounge, and private party rooms. Targets luxury condo buyers/renters.

Quantifiable outcome

• 35,315 daytime population supporting retail and dining tenants
• +3 more outcomes

Named customers6 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Eight partnerships are on record, tiered primary/flagship and core.

• Brookfield Propertiesprimary/flagshipStrategic or Co-development PartnerBrookfield Properties is the developer and operator of The Yards. They develop and operate real estate investments on behalf of Brookfield Asset Management — one of the largest alternative asset managers in the world. Brookfield Properties handles all aspects of The Yards including office leasing, retail leasing, and residential property management. They also provide the 'Activated by Brookfield Properties' tenant engagement platform that brings curated experiences to tenants.
• Capitol Riverfront BIDcoreStrategic or Co-development PartnerThe Capitol Riverfront Business Improvement District provides place management services that assist in creating a neighborhood that is clean, safe, accessible, unique, friendly, and vibrant. They co-manage Yards Park and provide neighborhood marketing efforts targeting SE and SW quadrants of the District.
• JLL (Jones Lang LaSalle)coreChannel Partner/ Reseller/ DistributorJLL serves as the exclusive office leasing agent for The Yards. The team includes Evan Behr, Mac Hall, and Jeanette Ko who handle all commercial office leasing inquiries and transactions.
• Nationals ParkcoreStrategic or Co-development PartnerNationals Park is located steps away from The Yards. The ballpark serves as the catalyst and cornerstone of mixed-use retail along the Capitol Riverfront, bringing significant visitor traffic and events to the area.
• Thompson Washington D.C. (Hyatt)coreStrategic or Co-development PartnerThompson Washington D.C. is a boutique hotel collection property located within The Yards, featuring weathered wood, glass, and dark grey brick architecture. The hotel offers luxury hospitality with rooftop bar, restaurant, lobby bar, and spa services.
• Yards MarinacoreStrategic or Co-development PartnerYards Marina is a 52-slip marina situated on the Anacostia River between Nationals Park and the Washington Navy Yard, providing boaters direct access to The Yards area and hosting special events throughout the year.
• Chemonics InternationalcoreChannel Partner/ Reseller/ DistributorChemonics International fully occupies the 11-story Class-A office building at The Yards designed by Gensler. This is the anchor tenant bringing over 1,200 employees specializing in agriculture, economic development, environment, education, finance, healthcare, IT, and supply chain logistics.
• The Brand GuildcoreGTM or Marketing PartnerPublic relations and communications agency handling press inquiries for The Yards. Contact: [email protected]

Scale indicators21 records

Recent moves6 records

Expansion highlights4 records

Broad incumbents

• The Navy Yard (Philadelphia) - Liberty Property Trust / Brandywine Realty Trust: 1,200-acre master-planned waterfront district in South Philadelphia combining office, residential, retail, and life-science uses. Comparable to The Yards as a large waterfront mixed-use redevelopment, though substantially larger in scale and life-science oriented.
• Santana Row (Federal Realty Investment Trust): Master-planned mixed-use district in San Jose, CA combining luxury residential, Class-A office, upscale retail, dining, and a hotel. Comparable to The Yards as a large-scale, mixed-use, walkable district with a strong dining/retail tenant curation model, though in a different metro.

Others

• Brookfield Properties (parent / sister portfolio): Parent operator and developer of The Yards and a top-tier global real estate platform across office, retail, multifamily, logistics, and hospitality. Relevant as the operating partner, capital provider, and benchmark for Yards' portfolio economics, rather than a direct competitor.

Direct peers

• Bethesda Row (Federal Realty Investment Trust): Mixed-use district in Bethesda, MD with luxury residential, Class-A office, upscale retail, and dining, including a boutique hotel component. Comparable to The Yards in high-income DC-area demographic and curated retail/dining tenant mix.
• CityCenterDC: 10-acre mixed-use development in downtown DC developed by a Hines/Akridge/Equity Residential venture, featuring Class-A office, luxury residential, retail, and a public plaza. Comparable to The Yards in product mix and DC luxury positioning, though without waterfront.
• Hudson Yards (Related Companies / Oxford Properties): 30-acre mixed-use waterfront megadevelopment on Manhattan's West Side combining office towers, luxury residential, retail, cultural space, and public green space. Comparable to The Yards in master-planned scale, trophy office positioning, and integration of residential/retail/public realm.
• National Landing (JBG Smith): Mixed-use district in Arlington, VA anchored by Amazon HQ2 and a Virginia Tech innovation campus, with significant office, residential, retail, and transit-oriented density. Comparable to The Yards as a large-scale, transit-adjacent DC-area mixed-use district undergoing multi-phase buildout.
• The Wharf (Hoffman-Madison Waterfront): Phase 1+2 mixed-use waterfront development on the Washington Channel in Southwest DC, delivering residential, office, retail, hotel, and marina product. The most direct geographic and product-mix comparable to The Yards, both targeting a similar high-income, transit-accessible DC demographic.
• Reston Town Center (Boston Properties): Master-planned mixed-use district in Reston, VA combining Class-A office, multifamily, retail, dining, and a hotel across multiple phases. Comparable to The Yards in phased, master-planned buildout and office-anchored mixed-use model in the DC metro.
• Ballston Quarter: Mixed-use redevelopment in Arlington, VA featuring Class-A office, residential, retail, dining, and entertainment, with direct Metro access. Comparable to The Yards as a transit-oriented, mixed-use district in the DC metro competing for similar corporate and residential tenants.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Instagraminstagram.com/theyardsdc
• Facebookfacebook.com/TheYardsDC
• Xx.com/TheYardsDC

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about The Yards