Cafritz acquired 1775 Eye Street in 1997, completed a comprehensive renovation, and then leased and sold the building–all within 15 months. The highly successful project was the first speculative development completed in Washington after the real estate downturn of 1990.
The renovation required the complete removal and replacement of the facade, which was retrofitted with hand-set polished granite, new storefronts, and a new main entry on the first two levels; and an aluminum curtain wall system glazed with granite and glass on the upper levels. Interior renovations included the replacement of all building systems and elevator equipment, as well as a new core stairwell and new restrooms on each level. The lobby was also expanded and modernized with high-end materials and finishes.
