07/19/2018

A TRANSFORMATIVE EXPERIENCE COMING TO WASHINGTON, D.C.: CARR PROPERTIES WELCOMES MICHELIN STAR CHEF NICHOLAS STEFANELLI AND WAVEOFFICE TO THEIR DC HEADQUARTERS

Owned and operated by Carr Properties, 1615 L Street, NW, a 420,000 RSF Class A office building in Washington D.C.’s central business district, is undergoing significant building renovations with an anticipated Fall 2018 delivery. The first phase of the renovations, now complete, includes a world-class fitness center equipped with amenities such as instructor-led classes; on-demand workout programs; and a state-of-the-art conference center with high tech capabilities. The second phase of the renovations will include a new reception area, an interactive lobby, tech lounge, contemporary work pods, touchdown terraces, and an amenitized rooftop.

Renowned Michelin Star Chef Nicholas Stefanelli will be joining 1615 L Street, NW with an innovative concept in the first-floor retail with a café/market theme as well as operations of the interior lobby coffee bar. This follows the announcement of the new Mediterranean concept Stefanelli will be bringing to Midtown Center – the most recent development project completed within the Carr portfolio.

Oliver Carr, III, CEO of Carr Properties, comments: “We are thrilled to continue to grow our relationship with Chef Stefanelli with this expansion to our 1615 L Street, NW location, and are excited to see his concepts come to life in the coming months.”

Additionally, WaveOffice, a modern, world-class office solution by Carr Properties that affords companies the ability to maintain their identity with private office suites and personal branding, just opened their flagship D.C. office within 1615 L Street, NW. WaveOffice delivers a turnkey solution with flexible lease terms and all-inclusive monthly rent. Amenities included within these five private office suites include conference rooms; communal gathering areas; curated music; kitchens equipped with refrigerator, dishwasher, ice maker, microwave, craft coffee, Bevi-filtered and sparkling water; a wellness room; and “pod” work areas.

These building renovations, new retail concepts and WaveOffice inclusion are all part of a larger Carr Experience that will be revealed later this year.

About Carr Properties

Carr Properties is a privately held real estate investment trust focused on creating value for its shareholders through the ownership, acquisition and development of high-quality office properties in the greater Washington, D.C. area. The company currently owns a portfolio of 17 commercial office properties totaling approximately 4.6 million square feet as well as three major development properties that include: The Wilson and The Elm Development in Bethesda, MD; Signal House in N.E. Washington, D.C.; and 2025 Clarendon Boulevard in Arlington, Virginia. Upon completion, these projects will add 1.2 million SF of trophy-quality office space to the company’s portfolio. The company is continuing to expand its portfolio through strategic investments in the Washington, D.C. area.

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