THE STACKS NAMED 2026 COSTAR MULTIFAMILY DEVELOPMENT OF THE YEAR
Buzzard Point Development Recognized For Catalyzing Growth, Advancing Innovation And Redefining Housing-Led Placemaking
WASHINGTON, D.C. (April 2, 2026) – The Stacks, a 7-acre, two-million-square-foot mixed-use waterfront neighborhood in Buzzard Point, has been named the 2026 CoStar Impact Award winner for Multifamily Development of the Year in Washington, D.C. The award is one of the industry’s highest honors recognizing projects that demonstrate exceptional impact, innovation and execution.
Developed by Akridge and National Real Estate Development, The Stacks delivered in early 2025, reshaping Buzzard Point from an industrial site into a vibrant waterfront neighborhood, completing the final link between The Wharf and The Yards. Guided by the principle that “people beget people,” the project was conceived as the social and economic heart of an emerging submarket by pairing housing, public space and neighborhood-serving retail to create a place where community naturally takes root.
Phase I of The Stacks delivered more than one million square feet of development, including 1,116 residences across three architecturally distinct buildings, 40,000 square feet of retail, 11,000 square feet of coworking space, 90,000 square feet of amenities and a network of activated public spaces. The project has quickly become a catalyst for economic activity and neighborhood vibrancy, introducing new foot traffic, supporting local businesses and establishing a strong sense of place in Buzzard Point.
The Stacks also expands housing choice and accessibility in Washington, D.C. Approximately 10 percent of residences are dedicated to affordable housing, while Colette introduces D.C.’s largest co-living community, offering a flexible and more attainable housing model that reflects evolving urban lifestyles. Together with traditional apartments in The Byron and Everly, the residential mix supports a diverse and inclusive community.
By centering housing as the driver of placemaking, The Stacks sets a new benchmark for multifamily development in Washington, D.C. and offers a model for how cities can grow more connected, vibrant and equitable over time.
The Stacks is jointly owned by Akridge, Bridge Investment Group, Blue Coast Capital and institutional funds are managed by National Real Estate Advisors. It was developed by Akridge and National Real Estate Development.
For more information on The Stacks, visit www.thestacks.com.
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Media Contact:
Meredith Elliott
meredith@thebrandguild.com | 804.539.3430
ABOUT THE STACKS
The Stacks is a nearly 7-acre transformative waterfront neighborhood project in Buzzard Point, designed to enhance the vibrant community along the Southwest Waterfront. Inspired by some of the District's most iconic neighborhoods, The Stacks’ first phase features 1 million square feet of mixed-use space, including apartments, retail, coworking space and 22,000 square feet of open space for community use. This lively, walkable destination fosters a sense of community with abundant outdoor spaces that support public events, outdoor eateries, and serene areas for relaxation. By seamlessly blending nature with urban living, The Stacks creates a cohesive link for residents and visitors, enriching the overall experience of Washington, D.C.’s waterfront. To learn more about The Stacks, please visit www.thestacks.com.
ABOUT AKRIDGE
Akridge serves every aspect of the real estate business through high-quality investment, development, and operations. Guided by a leadership team with decades of industry experience, Akridge real estate professionals apply an owner’s perspective in order to build long-term value and success. They provide design and construction management, development, finance and asset management, investment, leasing, and property management services. With offices in Washington, D.C. and Charlotte, NC, Akridge continues to anticipate the needs of the industry and its clients by delivering exceptional real estate experiences. For more information on Akridge, please visit www.akridge.com.
ABOUT NATIONAL REAL ESTATE DEVELOPMENT
National Real Estate Development, LLC (“National Development”) is the independently operated development subsidiary of National Real Estate Advisors, LLC. As a full-service firm, National Development has the expertise to manage and execute development projects and provides the technical expertise on construction and development matters that National needs to meet its fiduciary responsibilities to clients. From market research to delivering the final project, the National Development team deploys a diverse skill set and extensive expertise, which ensures the highest standards in meeting client objectives. The team develops across all major real estate asset classes, including mixed-use, apartments, traditional and medical office, hotels, and retail. Since its inception in 2013, National Development’s direct development projects that are completed or under construction have totaled nearly 6.3 million square feet in major markets such as Philadelphia, Washington, D.C., Los Angeles, and San Francisco. To learn more, visit www.natrealestatedevelopment.com.
ABOUT NATIONAL REAL ESTATE ADVISORS
National Real Estate Advisors, LLC (“National”) is an investment manager developing, operating, and managing commercial real estate projects across the United States. Since 2000, National's investment team has been constructing investment portfolios of diverse property assets — primarily multifamily, data centers, office, healthcare, and medical buildings. National manages separate accounts and multiple commingled investment vehicles. National seeks to create value for investors by adhering to a rigorous investment process and development principles guided by profits, integrity, community, and collaboration. National is an independently operated subsidiary of the National Electrical Benefit Fund (“NEBF”), a pension trust with assets that are managed by National on a discretionary basis. For more information, please visit www.natadvisors.com.
ABOUT BLUE COAST CAPITAL
Blue Coast Capital, headquartered in London, England, with offices in Europe and the United States, owns, operates, and manages a diverse portfolio of real estate, private equity, hotels & leisure, and consumer-driven businesses. Working directly and with partners, it maintains a diverse spread of assets that allow it to balance opportunities and exposures in geography, property type and risk across two separate portfolios - income and opportunistic. With a track record spanning 50 years, including 35 years in the United States, the company remains a privately owned business with the financial strength to make decisions based on unique opportunities as well as long-term trends. For more information, please visit www.bccapusa.com and www.bccap.com.
ABOUT BRIDGE INVESTMENT GROUP
Bridge Investment Group is a leading, vertically integrated real estate investment manager, diversified across specialized asset classes, with approximately $38.8 billion of assets under management as of March 31, 2021. Bridge Investment Group combines its nationwide operating platform with dedicated teams of investment professionals focused on select U.S. real estate verticals: residential rental, office, development, logistics properties, net lease and real estate-backed credit.