The owner of an office building two blocks from the White House has opened its own coworking space designed for socially focused nonprofits.

The National Community Reinvestment Coalition announced Wednesday it opened a new office and events space on the third floor of the Union Trust building at 740 15th St. NW.

NCRC, a nonprofit that works to direct capital to underserved communities, owns the building and occupies the fourth floor with its headquarters. The building's eighth floor was previously occupied by incubator and coworking space 1776, which closed the location in April.

The new concept, called The Just Economy Club, features eight-person private offices that rent for $3,500 per month and six-person private offices that cost $2,450 per month, according to its website. It also has coworking-style shared desks that can be rented for $250 per month.

The space's common areas include a lounge, a kitchen, conference rooms and a theater that can fit up to 100 people for presentations. Private office members will have access to the building's gym and 24-7 access to their spaces, while shared desk members will have access during weekday business hours.

“D.C. and the wider DMV region boast a vibrant and important collection of progressive nonprofit think tanks, advocacy groups, media, tech and social ventures, and we’ve designed a unique place for them to gather for work and events,” NCRC Chief Communications and Marketing Officer Andrew Nachison said in a release.

The Union Trust building's tenants include the League of Conservation Voters, the Poverty and Race Research Action Council, the Grassroot Project and New America. Its retail space is occupied by Joe's Seafood and the Union Trust bar.

The building sits two blocks north of WeWork's huge Metropolitan Square location, a 226K SF coworking space that survived the company's round of D.C. closings during the coronavirus pandemic.

CORRECTION, SEPT. 9, 2:40 P.M. ET: A previous version of this story incorrectly stated the floor of the building 1776 had occupied. This story has been updated.