Business Ins and Outs

IN: SoulCycle Opens

SoulCycle, “the country’s full-body indoor cycle workout,” as the company describes itself, has continued its Washington, D.C., expansion. It opened Oct. 30 at 1042 Wisconsin Ave. NW near Grace Street, with a lively reception as well as some very committed fans and star instructors. The 3,500-square-foot studio holds 55 bikes along with a clothing shop and locker rooms; classes begin at $34.

IN: Glover Park Hardware Ready to Re-open

Glover Park Hardware owners Gina Schaefer and Marc Friedman report that the store will reopen at its new 7,500-square-foot location at 2233 Wisconsin Ave. NW in a matter of days. The store is in the lower front level, next to the bar, Breadsoda. After losing its lease after 10 years, the business left its old location Jan. 15 at 2251 Wisconsin Ave. NW, which will house a Rite Aid.

OUT: Georgetown Holiday Inn to Close

According to the Glover Park Citizens’ Association, the Georgetown Holiday Inn at 2101 Wisconsin Ave. NW (at Whitehaven Street) will close by the end of November. The property has been sold. Bisnow reported last year that the Holiday Inn was on the market for mixed-use development with a grocery store in the rebuild.

OUT: EagleBank to Leave Georgetown

As of Jan. 29, 2016, the Georgetown branch of EagleBank at 1044 Wisconsin Ave. NW will close permanently, according to Joseph Clarke, senior vice president and chief deposit sales officer of the bank. Accounts assigned to the Georgetown branch will be transferred to 2001 K St. NW, about 12 blocks to the east in downtown. Contact branch service manager Philomina Gomes at 202-481-7012 or by email at PGomes@EagleBankCorp.com.

IN: Georgetown Olive Oil Co.

Now, this is special: the Georgetown Olive Oil Company, “a specialty retail store for extra virgin olive oils and aged balsamic vinegars,” as it calls itself, opened Nov. 2 at 1524 Wisconsin Ave. NW, next to the George Town Club.

The store reports that it “is set up as a tasting gallery and will offer over 65 different flavors of extra virgin olive oils and aged balsamic vinegars, gourmet salts and spice blends, pastas, accessories, handmade pottery, paintings and more.”

“We pride ourselves in having the freshest and most flavorful extra virgin olive oil (EVOO) available,” said company owner Hristina Goleva.
“Georgetown Olive Oil Company’s selection includes traditional varietals, flavor fused and infused olive oils, and specialty oils along with white and dark balsamic vinegars,” the company reported. “The retail store offers its olive oils and balsamic vinegars in decorative UV protected dark glass 200ml and 375ml bottles.”

The company will carry olive oil from Chile, Australia, Argentina, New Zealand, California, Cypress, Egypt, France, Greece, Israel, Italy, Lebanon, Mexico, Morocco, Portugal, Spain, Syria and Tunisia.

Woodley Park House, Site of Quadruple Slayings, For Sale

The house in which three members of the Savopoulos family and the housekeeper were discovered slain in May is now up for sale for $3.25 million. The 10,800-square-foot house on the 3200 block of Woodland Drive NW has five bedrooms and seven bathrooms.

Daron Wint, 34, was charged with first-degree murder of businessman Savvas Savopoulos, 46, his wife Amy, 47, their son Phillip, 10, and housekeeper Veralicia Figueroa. Two daughters, Abigail, 19, and Katerina, 17, were away at boarding school at the time of killings. Wint and possibly accomplices are alleged to have held the group captive overnight while waiting for a $40,000 ransom to be delivered. He once worked for American Iron Works, one of Savopoulos’s businesses. Wint’s DNA was found on pizza crust in the home.

IN: Turkish Bakery Coming to Wisconsin & M

Simit & Smith, a Turkish bakery cafe with locations in New York and New Jersey, plans to open its first D.C. location at 1077 Wisconsin Ave. NW (near the intersection of Wisconsin & M), as first reported in the Washington Business Journal. A simit is — more or less — a Turkish bagel, a traditional bread eaten throughout the Balkans and the Mediterranean. The company’s website indicated that the shop plans to open this month, but it looks like that date may get pushed into next year.