CommonGrounds Workplace has signed a lease at 1500 K Street for 29,509 square feet and the flexible workspace is slated to open early next year.
CommonGrounds is an enterprise-grade, Workplace-as-a-Service company that collaborates with office owners to provide premium flexible coworking space for companies of all sizes in multiple U.S. cities. There are currently five U.S. locations open with an additional five summer openings in Fort Worth, Houston, Los Angeles, Minneapolis and Portland.
The 11-year lease signed at 1500 K Street includes the entire second floor and ground floor retail space which provides direct connectivity to K Street. In 2018, Grosvenor Americas completed a $20+ million renovation of the eleven-story heritage property. The extensive refurbishment included restoring the lobby and common areas, upgrading mechanical systems, improving historic exterior fixtures, enhancing the rooftop terrace and implementing a new fitness center.
The Class A mixed-use office and retail building is located in D.C.'s Central Business District, adjacent to McPherson Square and one block north of the White House on the K Street corridor. The location is easily accessible to both red and orange rapid transit lines connecting workers to Arlington, Virginia and Prince George's and Montgomery Counties, Maryland.
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