City Tavern Sold for $8.5 Million to Cecchi Group
By • November 18, 2024 2 1573
New Owner Intends to Use the Property as an Iconic Event Venue
On Nov. 15, the Board of Governors of the City Tavern Association, the governing overseers of the City Tavern Club and the property at 3206 M St. NW, settled on the sale of the historic property to 3206 M St, LLC, a newly formed affiliate of developer John Cecchi.
“Total consideration for the transaction came to $8.5 million,” the association said in a statement. “Mr. Cecchi intends to use the property as an event space and is currently accepting requests for use of the space.”
Commenting on this transaction, Board of Governors President Laura Lieberman said, “As custodians of the City Tavern Club, we are pleased to pass this historic property to a new steward committed to preserving its character and community. John and his team are dedicated to continuing to use the property at 3206 M as an event space for rent, thus continuing the rich history of the building as a gathering place directly in the heart of Georgetown. This sale is the conclusion of a long and arduous process of closing out 62 years as a private dining club. We are thrilled to be passing on this legacy to someone with a shared respect for history and recognition that the building at 3206 M Street is a true gem of Americana — the last remaining Federal Era tavern in the city of Washington, D.C.”
Cecchi, head of 3206 M St, LLC, said, “I look forward to a new chapter for the City Tavern and am committed to preserving this historic site.”
The City Tavern Club closed on Aug, 31, and its owners put the property up for sale.
Excellent! Best possible outcome.
Congrats to the new and old owners of the City Tavern Club. Love the idea of it being preserved for posterity. Enjoyed many happy hours there.