As promised, Convene is moving into the District with two new locations.
The global network of flexible meeting and coworking space is finally breaking into the District after having surrounding meeting locations in Rosslyn, Va., and Tysons Corner. According to a press release, the company will have offices at:
- Beacon Capital Partners’ Terrell Place at 575 7th Street NW, with 72,370 square feet of space.
- CommonWealth Partner’s Hamilton Square at 600 14th Street NW, with 79,849 square feet of space.
“The market has unique economic drivers and Convene’s full-service platform is well-positioned to drive value to the needs of an array of D.C. businesses. We see strong demand for our suite of premium work and meeting spaces and hospitality services,” Michael Burke, VP of Real Estate & Development at Convene, said in a statement. “Both of these assets are excellent additions to the growing Convene portfolio in the region. We believe in the long-term value of these locations, and each building offers unique physical characteristics that are hard to replicate in D.C.”
These two locations will bring Convene to four Washington, D.C., area offices, growing its footprint in the area to a total of 202,000 sq. ft. The D.C. proper locations will have a Workplace product offering that includes the coworking aspect, just as it offers in its Chicago, Los Angeles, Philadelphia and New York City offices.
Convene’s Terrell Place location will feature three floors of meeting and coworking space, with event space that can fit 2-200 people. There will be private office suites for teams of 10-250 people, the press release states, with a private entrance, access to a roof deck and private cabanas for tenants and guests. Some notable building tenants will include Yelp, AARP and World Wide Technology. This location will officially open up by this summer.
Here’s a few images of what the Terrell Place location will look like:
“Convene’s full-service offering, technology platform and hospitality capabilities are poised to enhance the day-to-day lifestyle for all of our tenants and their employees within the building,” Jeffrey Kovach, senior managing director of Beacon Capital Partners said in a statement.
The Hamilton Square location, situated one block from the White House, will also have three floors and will accommodate everything from small meetings to buyouts of up to 450 guests. The flexible workspace can fit teams of 10-300 people. Convene didn’t state a specific time frame, but the space will open later this year with tenants such as IBM, ZGF Architects, and the Managed Funds Association. The Hamilton Square building is currently undergoing a renovation of its lobby, common areas, fitness center and rooftop, which Convene guests and members will have access to.
“Adding Convene’s elevated flexible workplace offering and full-service meeting and event spaces to the revamped suite of amenities at Hamilton Square will further reinvigorate the property in a way that supports the market and the new needs of today’s top companies and talent,” Joe Corrente from CommonWealth Partners said in a statement.
This growth comes after Convene announced a $152 million Series D funding round last year, which the company said it would use to grow its footprint globally, expand its service offerings and launch a new workplace technology platform. Convene has raised $260 million in equity funding to date, with more than 50 percent of its revenue coming from Fortune 500 companies, Technical.ly DC previously reported.-30-
Two years ago, 1776 shifted its business model. How’s it going?
GiveCampus is expanding to a larger, private office in the Navy Yard
Here’s what 3 CEOs had to say about what makes their team dynamics unique
Verizon is looking for the brightest ideas on how to use its 5G technology
Air traffic surveillance company Aireon is expanding in Fairfax County
Launch Workplaces is opening another Bethesda location in September
WeWork is expanding its Tysons location by 61K square feet
Escape the August heat with cool AI tech
Sign-up for daily news updates from Technical.ly Dc