Capital City Real Estate Begins Construction on Peninsula 88 at Buzzard Point


WASHINGTON--(BUSINESS WIRE)--Construction on DC’s most unique residential development is underway. Capital City Real Estate broke ground for its Peninsula 88 waterfront condominium community at Buzzard Point in Capitol Riverfront.

“The groundbreaking highlighted the start of a project that will continue the transformation of the DC waterfront,” said Michael Stevens, president of the Capitol Riverfront Business Improvement District. “Living here will offer residents a balanced lifestyle that is equal parts work, play and peace of mind.”

Designed by renowned DC architect, Eric Colbert & Associates, Peninsula 88 will provide dramatic waterfront views and access in a serene setting where the Anacostia and Potomac rivers meet. By bringing the outdoors in, residents will be inspired to rest, relax and reflect on the day.

“Our goal with Peninsula 88 is to create a spa-like atmosphere in the midst of what will become DC’s hottest neighborhood,” said Scott Zimmerman, founder of Capital City Real Estate. “Just steps from Peninsula 88, residents can enjoy the beautiful DC waterfront, easily walk to a Nationals or DC United game, shop at unique retail stores or dine at an array of fine restaurants that are planned for Buzzard Point.”

Located at First Street, V Street and Half Street Southwest surrounded on three sides by amazing water views, the 110-unit, 8 story building will offer a variety of floor plans from 1 bedroom, 1 + den, 2 bedroom and penthouses at a price range from $500K to $2.5M. Peninsula 88 will offer buyers larger floor plans ranging from 700 square feet to 1,400 square feet. Each 1 bedroom will feature a much sought after bath and a half.

Peninsula 88 will offer residents 24 hour concierge service. As well, residents will have the option to purchase parking and private conditioned storage spaces on each floor.

The first residents are expected to move in by Spring 2019. More information on Peninsula 88 can be found at:

What’s in a name?

It is said the number 8 is the luckiest number in Chinese culture as it sounds similar to the word “prosperity”. It also has a symmetrical shape which implies perfect balance and 88 is often referred to as “double happiness”.

So with a building address of 88, our skillful design team created a unique urban oasis of 8 superbly designed floors with our premier waterfront home in the 8th position on the peninsula known as Buzzard Point.

The story continues from the spectacular rooftop terrace where just as the Chinese character for the number 8 resembles two rivers converging, you will experience the tranquil water views at the convergence of the Anacostia and Potomac rivers.

Inside, a sense of perfect balance is achieved through fusing a spa-like serenity with a Zen feel that is both fresh and modern. Great care has been taken to provide architectural features, natural finishes and curated amenities that create harmony and certain “double happiness” in this uncommonly serene city experience.

So, with luck on your side, you will truly be in your element enjoying life at this peaceful retreat just minutes from the pulse of our Nation’s capital.

About Capital City Real Estate:

Capital City Real Estate is a leading developer of high-quality, distinctly designed properties in dynamic neighborhoods throughout the Washington DC metro area. Since 2006, they have successfully developed over 60 projects. Striving to maximize the potential of each project through diligent planning, smart design and careful execution, Capital City Real Estate’s in-house team has a wide range of expertise in project analysis, urban development, condo conversion, construction, finance and sales & marketing. Capital City Real Estate takes pride in working closely with the community on all of its projects to ensure the project fits well within the neighborhood and contributes in a positive way. To learn more, go to

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