Owners stepped up their regional activity, launching billions of dollars of major projects in Delaware, Maryland, Pennsylvania, Virginia, West Virginia and the District of Columbia. Last year, the 20 Top Starts in the mid-Atlantic area tallied a total value of $10.7 billion, up from $8.44 billion in 2013.
Last year saw a significant increase in private developer work in major metro areas. For example, Hoffman-Madison Waterfront, led by developer Monty Hoffman, kicked off the $775-million first phase of its mixed-use development The Wharf in March 2014. Located along Washington, D.C.'s southwest waterfront, the project ultimately could include $2 billion in residential and commercial space.