Total Square Footage 2,597,229
Total Dollar Volume $446,570,550.00


Established 2017
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Phone Number (202) 667-9776


Architectural firm in D.C. 


1701 Rhode Island Avenue
- Jul 17, 2019

1701 Rhode Island Acquired for $119M 1701 Rhode Island has been acquired by EXAN Capital for $119M. Akridge and its partner, Alcion Ventures, L.P., first purchased the YMCA National Capital building in March 2016, when the YMCA decided to close its location there. After securing historic preservation and zoning approvals, Akridge began an extensive redevelopment project to transform the former YMCA into a trophy office building. While the project was under construction, Akridge negotiated a lease with the coworking market leader, WeWork, for the entire building. In February 2019, the building delivered fully leased to WeWork. Designed by Hickok Cole Architects, 1701 Rhode Island is a freestanding project with a unique copper façade, floor-to-ceiling glass, and an impressive landscaped entry plaza. The building’s design respects the historic elements of the neighborhood while providing an elegant new neighborhood landmark. Its upper floors feature sweeping views of Scott Circle and Connecticut Avenue. 

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