Washington Kastles plan to relocate to Southwest waterfront development
Saturday, March 5, 2011; 8:31 PM
After three seasons competing in the District's urban center, the Washington Kastles are heading this summer to the Southwest waterfront, where a 3,000-seat tennis stadium will be constructed in hopes of jump-starting a nearly $2 billion, 10-year redevelopment project.
The stadium, to be built on the site of the former Hogates restaurant, is a joint venture of Kastles owner Mark Ein and developers PN Hoffman and Madison Marquette. It represents the first significant step forward in the renewal of a nearly mile-long parcel with views of houseboats docked in the Washington Channel, the Washington Monument and the dome of the Jefferson Memorial.
Ein and Monty Hoffman, chief executive of District-based PH Hoffman, hope to leverage the growing popularity of Washington's World TeamTennis franchise -- and its marquee players Venus and Serena Williams -- to lure area residents to a waterfront development of hotels, restaurants, shops, a marina with 600 new boat slips and dockside apartments.
"It will bring life and a vibe to the waterfront," Hoffman said. "We want to call attention to the waterfront and have festival-grade involvement."
The Kastles, winners of the 2009 WTT championship, played their first three seasons in a 2,700-seat stadium that was erected each June on the site of the city's former convention center and disassembled each August. There was an understanding that the team would vacate the downtown site once development began, and construction is now scheduled to start in April.
The still-tight financial markets worked in Ein's favor as he searched for a new home for the Kastles. The team became of interest to real estate developers who wanted to create some excitement as a way to make their properties stand out. Ein began looking for a new location more than a year ago, touring potential sites and considering options near the Washington Nationals baseball stadium in Southeast Washington, as well as in Virginia and Maryland.
But Ein, a native of Chevy Chase who visited the Southwest waterfront as a youth, was predisposed to keep the Kastles in the city. He started focusing his efforts on the site just west of Maine Avenue and Seventh Street SW, which includes underground parking and surface lots nearby. It is also accessible to the L'Enfant Plaza and Waterfront Metrorail stations.
The former convention center site "was interesting and unique because it was dead in the middle of the city, near office buildings," said Ein, a Harvard-educated venture capitalist. "This, we felt, had the chance to be even more magical, with fans sitting near the water, seeing the Washington Monument.
"I'm just such a fan of the city. It's the place I live and have my business, and I want to try to make it the center of where I concentrate my efforts."
Raising the profile
For Hoffman, drawing Ein's tennis team to the waterfront should raise the profile of an area that is one of the city government's top development priorities and make it more familiar to residents, as well as prospective apartment renters, retailers and office tenants.
In 2008, the city agreed to provide $200 million in public financing to help pay for infrastructure, including parks, piers and a bulkhead for the PH Hoffman project.