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The Morning Metropolitan

Photo by John Weiss.

Good morning Georgetown, here’s the latest:

  • Like all things these days, the canal now too has an app.
  • Now the speculation is that Capital One will turn the Nathans building into a “Capital One Cafe” which, frankly, is even worse than if they just opened a damn bank instead.

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The Georgetown Metropolis

3200 block of M St.

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Capital One Buys Nathans Building for a Metric Ton of Cash

The Washington Business Journal reported yesterday that Capital One Bank has purchased the old Nathans building from Sagamore Development. And they paid a lot for it. A ridiculously lot for it. Namely $50 million.

WBJ is estimating that this puts the price at more than $5,700 per square foot, which could make it the most expensive square footage sold in DC ever. Sagamore bought the property from the Heon family in 2014 for a price reported to be around $14 million. Significant money must have been put into the project, but it still seems likely that Sagamore made a tidy profit on the deal.

This, of course, comes as a bit of a surprise. It was long expected that Under Armour would move in since Kevin Plank, the founder and CEO of Under Armour (and a Georgetown resident), owns Sagamore Development. But news reports emerged last spring that suggested that they were looking for a different tenant. Now this. Continue reading

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The Morning Metropolitan

Photo by John Weiss.

Good morning Georgetown, here’s the latest:

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The Georgetown Metropolis

1000 block of 31st st.

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ANC Preview: A Quick Drink

There will be a brief ANC meeting next week. It will be at a different time than normal. It will be at 5 pm on Wednesday (still at Visitation).

Typically the ANC skips August, and it appears the primary reason that a meeting is being called is to weigh in on some liquor licenses before the protest period ends. Specifically they’re addressing a new wine shop on Grace St., Church (a, you got it, church-themed restaurant coming to the mall by Geoff Dawson), and the Georgetown Cafe, a restaurant proposed for N St. just east of Wisconsin.

They are also discussion the safety issue of Water St., which is of particular concern following the homicide there last month. Continue reading

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The Morning Metropolitan

Photo by Daniel Lobo.

Good morning Georgetown, here’s the latest:

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The Georgetown Metropolis

3200 block of P St.

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Now and a Long Time Ago: Grace Street

This week for now and a long time ago, GM returns to the Wymer Map collection for a great shot of Grace St.

Much hasn’t changed between the 1940s and today. The buildings along the right appear almost all the same. However, the building that currently holds the Patagonia was actually built in the 70s, and it appears there was another building immediately to the west that no longer exists.

The building that now houses Chaia tacos was at the time of the older photo occupied by G. Morris Steinbraker & Sons. In fact, they built the building in 1945, only a few years before the photo was taken. This family-owned contractor incredibly continued to use this building as a woodworking shop until a few years ago.

The family still owns the building and is renting it to the restaurant. Continue reading

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The Morning Metropolitan

Photo by Bill Starrels.

Good morning Georgetown, here’s the latest:

  • Guide for Georgetown restaurants.
  • New farmstand coming to the parking lot at Grace and Wisconsin. Hopefully they’ll have more luck than the farmer’s market at P and Wisconsin, which isn’t coming back.

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