Business Ins & Outs: Capital One Cafe at Wisconsin & M

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At the Georgetown Capital One Café: Charnae Berry of the Chinatown Capital One Café and Michael Friedman of Capital One marketing flank Georgetown manager Samantha DeStasi. Photo by Robert Devaney.

Georgetown’s long-awaited Capital One Café — situated at the southeast corner of Wisconsin Avenue and M Street NW, site of the legendary Nathans Restaurant — opened Aug. 28, with three floors of banking and community interactivity.

Besides the brews and sweets offered by its partner, Peet’s Coffee, the corner spot is a free co-working space, set up with desks, couches, private nooks, meeting rooms and a conference table with a television and screen projector — and, of course, free Wi-Fi, as well as electrical outlets all around for recharging devices. Open, smartly lighted stairways connect the floors. Anyone may use the services — first-come, first-serve or by appointment — not just Capital One customers.

The 3150 M St. NW property, renovated by Kevin Plank’s Sagamore Development, was at first thought to become an Under Armour store. However, it was unexpectedly sold two years ago to Capital One Bank for $50.2 million.

Many in Georgetown were lamenting yet another bank’s arrival, but they may be surprised. Commented one Georgetown resident: “I wanted to hate it, but this place is amazing.”

“Georgetown is home to our 38th Capital One Café, featuring original restored flooring and exposed brick walls,” a Capital One spokesperson told The Georgetowner. “We strive to make each café a part of the deep, interconnected fabric of the communities we serve. We believe strong communities and strong businesses go hand-in-hand. That’s why we partner with local small businesses like Baked & Wired, Bullfrog Bagels and Good Company Doughnuts, which provide their pastries in our Georgetown café.”

The new Georgetown spot will hold a grand opening celebration on Saturday, Sept. 28.

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