Passion F&B, led by founder and Managing Director Bhupender Nath, inked a deal within the past week for about 9,000 square feet in the Homer Building at 601 13th St. NW for a new iteration of Trèsind, its fine-dining restaurant featuring modern Indian cuisine, and Revelry, a tapas and cocktail bar.
“After the launch of Trèsind Mayfair, it became clear to us that the appetite for thoughtful, experience-driven hospitality extends far beyond the markets we currently operate in,” Suyash Nath, CEO of Passion F&B UK & US, said in a statement. “The United States has always been a key part of our long-term vision, and we could not think of a more fitting city than Washington to begin this chapter.”
“It’s unique in a few respects, just because of where the market is, and the fact that we were able to get this caliber to D.C. to open a flagship is phenomenal,” Dochter said. “It shows we are a global city. We’re the nation’s capital, and I think there are other restaurants that are looking to D.C. in a similar way.”
Proxy Foods AI, a D.C.-based startup co-founded by billionaire Ted Leonsis that offers a way for food and beverage companies to create recipes using artificial intelligence, has closed a $6 million seed round to boost its tech and expand its customer base.
The company, which has added AI to its name since its last round of funding, said its platform is gaining adoption at major food and beverage companies, including pasta maker Barilla Group and Greek catering company Gefsinus, and D.C.-based fast-casual restaurant chain Cava.
“Proxy Foods AI is applying innovative technology to one of the world’s largest and most essential industries in a way that is practical, measurable and built for scale,” Leonsis said in a statement.
Waymo’s third location is its largest yet locally, meant to support EV charging and vehicle maintenance, says Matt Walsh, the company’s east coast policy chief.
… total anticipated investment in D.C. (“tens of millions of dollars” and “hundreds of jobs”).
The 32,000-square-foot space is across from a Metrobus depot and will act like a tire-and-repairs center for its Jaguar SUVs tricked out with radars and sensors.
The D.C. Council could make a final vote on the pending bill this coming fall or winter. If approved, service wouldn’t begin until 2028.
Three months after raising $25 million in funding aided by AI chip-making giant Nvidia Corp., the D.C. startup has scored an additional $90 million in fresh capital.
With the latest funding, the company, founded by former Biden administration official Varun Sivaram, is more than halfway toward a potential $150 million offering, a recent filing with the Securities and Exchange Commission shows.
Emerald’s technology — a combination of software and hardware embedded into the graphics cards found inside data centers — regulates the types of AI-heavy tasks taking place across a facility and can reduce or shift, at the request of a grid operator, heavy-energy tasks.
The D.C.-based investor is buying the 116,565-square-foot office at 900 19th St. NW from a Tishman Speyer affiliate for about $30 million, Jon McAvoy, PRP chief investment officer, told me.
“We truly believe that standout Class A and trophy buildings in the District, with owners who have the balance sheet and commitment to deliver a high level of service and to bring in new tenants and reinvest in the building represent great opportunities,” McAvoy added. “And this is one of them.”
McAvoy said PRP is in talks with a number of prospective tenants, including law and financial firms whose names he declined to disclose.
An affiliate of Grosvenor has sold a 260-unit multifamily building near Union Market for $110 million.
The property at 1280 Union St. NE, known as Margarite, was acquired by an affiliate of RPM Living, a Texas-based multifamily manager, investor and developer, according to records filed on Tuesday with D.C.’s Recorder of Deeds.
The deal follows another big-dollar D.C. multifamily sale last week. An affiliate of Trinity Property Consultants paid $84.5 million for the Rowan at 2607 Reed St. NE from a Trammell Crow Co. subsidiary.
Union Station is betting more local restaurants, shops and amenities can help revive the historic rail hub as a destination, not just a place to catch a train.
Five new tenants are expected to open in the coming months, including local faves Andy’s Pizza, Capo Deli and upscale beer/wine/spirits shop, Housebar, per a Union Station Redevelopment Corporation press release.
The station has added 21 new retail tenants over two-plus years, including Rail Records + Books, a Wolfgang Puck bar, and Bullfrog Bagels.