Assistant Director, Savills Studley
DC/MD/VA Licensed Real Estate Broker
740 15th Street was built in 1906 and sits at the corner of 15th and H Streets, NW just across the way from the White House and Treasury Department. Some might recognize its swanky 1st floor restaurant, Joe’s Seafood, Prime Steak & Stone Crab whose debut coincided closely with the 2014 building renovation.
In 2014, The John Buck Company undertook a substantial renovation to the building including a new lobby, new elevator cabs and new restrooms. In 2016, The National Community Reinvestment Coalition (NCRC) bought this iconic building and has since invested some serious dollars to attract new tenants. One of the first tenants to enjoy these renovations was New America who occupies the top four floors of the building.
The building has inherently good bone structure and boasts exposed brick, steel beams, and the original wood and mosaic flooring. The building is composed of concrete and “Carnegie Steel” and the exterior walls adorned with granite from Mt. Airy, North Carolina.
To show off the historic swag, NCRC is building spec suites cleverly named after notable historic families such as, Roosevelt, Ford, Vanderbilt, Astor, Rockefeller and Carnegie. The suites are 2,000-5,000 SF each and are accented with a clean, rustic palette which is hip, yet elegant in design. The asking rent is in the low $50’s Full Service, which keeps them competitive with other spec suites in the city that seem to be getting leased faster than they can be built.
NCRC is a true supporter of the non-profit world and as such, is in the midst of constructing a shared co-working community, appropriately named “Community.” Picture WeWork and Regus, but built for non-profits. The Community space will offer small conference rooms, a board room, and even an auditorium perfect for hosting large events. They are taking it even further to include back-office support for non-profits who may not have the capacity to bring those in house.
Existing building amenities include a tenant-only conference center, a secured bike storage facility and fitness center with showers and towel service.
Being located just a block south of McPherson Square and three blocks from Farragut North’s red line, you can make the trip on a short lunch break to check out these spec suites and co-working community.
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