Business Ins & Outs 10/26
By October 26, 2016 0 993•
In: EagleBank Hangs a Shingle on N Street
After closing its former branch at 1044 Wisconsin Ave. NW months ago, EagleBank reopened in Georgetown Oct. 11 at 3143 N St. NW, just east of Wisconsin Avenue, next to Paolo’s Ristorante.
In: Kennedy & Co. Unpacks on Potomac Street
Residential and commercial real estate firm Kennedy & Co., headed by Kathleen Kennedy, moved into its own building at 1231 Potomac St. NW, just north of Booeymonger. The company purchased and renovated the building after spending a couple years on the 1600 block of Wisconsin Avenue.
In: DC Lash Bar Opens on Book Hill
An eyelash boutique opened Oct. 17 in the former space of Nectar Skin Bar at 1633 Wisconsin Ave. NW. Founded by sisters Josie and Stephanie Nguyen, DC Lash Bar specializes in eyelash extension application, also offering brow shaping and full body waxing.
In: Westlight Condos Now on View
With one-bedroom units starting at $625,000 — going up to $4.5 million for three-bedroom units with den — EastBanc’s Westlight development at L and 23rd Streets NW is being shown to potential buyers by appointment. The 600- to 3,000-square-foot luxury condominiums feature amenities such as a 25-meter heated rooftop pool, an expansive sundeck, a fitness center, a private clubroom, a business center and, for those committed to braving metro-area traffic, an underground parking garage.
Also slated for the project are a 21,000-square-foot West End Neighborhood Library and 7,300 square feet of upscale retail.
The 71-unit building was designed by internationally acclaimed architect Enrique Norten of Mexico City, who also designed the 53rd Street branch of the New York Public Library, the Design 41 project in the Miami Design District and Rutgers Business School.
Out: Keith Lipert Gallery Moving, Refocusing
A treasure chest of uniquely designed objects, often gifts for members of the diplomatic and business communities, Keith Lipert Gallery will close its doors at 2922 M St. NW at the end of January 2017. Refocused on providing service to corporations, Keith Lipert Corporate Gifts will reopen at Canal Square, 1054 31st St. NW, Gallery 145.
“I’ve built a corporate gift business on the same principle as the Gallery, that a meaningful gift is deeply personal,” said Lipert in a statement. “This growing practice has now taken precedence, and I decided to close the shop to fully dedicate my attention to this area.”
Born and raised in London, Lipert moved to Georgetown in 1989 after nine years in New York. He opened the gallery in 1994.
Sold: Canal Inn Goes for $2,250,000
The Canal Inn, a boutique inn located at 31st Street and the C&O Canal, sold for $2,250,000, commercial real estate investment services firm Marcus & Millichap announced Oct. 7. By our calculations, that’s $672 per square foot for the 3,350-square-foot property. The building that houses the inn, at 1061 31st St. NW, has stood next to the canal since 1831. After renovations in 2012, the Canal Inn has 10 rooms, a third-story loft and 11-and-a-half bathrooms.
According to Marcus & Millichap’s Christian Barreiro, the property will be kept as an inn or a bed and breakfast for the immediate future. “After 25 tours and five offers on the property, the deal closed at its full list price,” he said.