A Manhattan-based coworking provider with six locations in New York City and Philadelphia is breaking into the D.C. market.
Bond Collective signed a 30K SF lease at Jair Lynch Real Estate Partners' 609 H St. NE office building, the company announced Wednesday. It plans to open the space in early 2019.
The coworking space will occupy two floors of the newly renovated, 88K SF office building, which sits next to the Anthology apartment building Jair Lynch delivered in 2016. It is across the street from The Apollo, the Whole Foods-anchored mixed-use project where WeWork opened a coworking space last year. H Street and the nearby Union Market area are beginning to emerge as an attractive submarket for office tenants as the city's development pushes east.
The two floors will each have a kitchen, a coffee bar, meeting booths, conference rooms and lounge seating. The space will fit up to 550 members with offices ranging from one to 10 people, though companies will have the ability to combine offices to scale up to 50 people. Members will also have access to the building's amenities, such as a rooftop terrace, a gym, a locker room and bike storage.
“The collaboration with Bond Collective helps us complete our $200M investment totaling nearly half a million square feet on the historic H Street creating an extraordinary hub of retail, housing, and office," Jair Lynch Real Estate Partners CEO Jair Lynch said in a release. "Bond Collective speaks to our customer and thus is a perfect fit right next door to the award-winning housing and retail project Anthology."
Bond Collective, founded by Shlomo Silber and Elie Deitsch in 2014, is headquartered in its Broadway location in Manhattan. It has three other Manhattan coworking spaces, plus two in Brooklyn and one in Philadelphia.
“We are thrilled to bring our design and hospitality-focused brand to a new market in Washington D.C., which is known for its entrepreneurial drive and is home to some of the most successful companies in the world,” Silber said in a release. “We cannot wait to become a resource for the community and businesses to build their brands within a professional environment.”
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