Cafritz Interests acquired the iconic and historic 1775 Eye Street in 1997 and within 15 months completed a comprehensive renovation followed by a successful lease and sale of the building.
The renovation of 1775 Eye Street required the complete removal and replacement of the facade, which was retrofitted with hand-set polished granite, new storefronts, 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. This highly successful project was the first speculative office development completed in Washington, DC after the real estate downturn of 1990 and is one of the company’s most highly visible projects in the region.