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Capital Business
Posted at 04:49 PM ET, 11/17/2011

Living Social expanding into Acme Stove Building in Shaw

Living Social continues to rapidly expand and consume new office space in the District to accommodate that growth.

The online coupon company plans to lease 1005-1011 7th Street NW, a
Candace Bailey puts up daily goals on the board at the Living Social office in Chinatown. (Jeffrey MacMillan - For Capital Business)
historic property across the street from the Walter E. Washington Convention Center commonly referred to as the Acme Stove Building, owned by Douglas Development.

This isn’t the first deal Living Social has negotiated with Douglas, which owns dozens of properties in Shaw, Gallery Place and Penn Quarter and provides space to the Geekeasy technology incubator for start-up firms in its Manhattan Laundry building, on Florida Avenue Northwest. Douglas Development also leased all of 918 F Street to Living Social in May.

Living Social confirmed the planned expansion. Its headquarters are at 1445 New York Ave. NW, known as the SunTrust Bank Building. The company is still in the process of seeking as much as 350,000 square feet in which to consolidate in the future. Its chief executive, Tim O’Shaughnessy, is the son-in-law of Washington Post Co. Chairman Donald Graham.

Alex Padro, executive director of the local business group Shaw Main Streets, said adding the daily deals company and its young employees should bring new life to the neighborhood. He planned to talk about the company’s plans at a neighborhood development forum Thursday evening.

“Having Living Social in the neighborhood means daytime foot traffic for restaurants and retail alike,” Padro said. The Living Social building is across the street from the lot Douglas Development recently sold to Association of American Medical Colleges, where the association plans to build its new headquarters.

“Just like the location across the street, which has been vacant for a long time, this block’s time has come,” Padro said.

Norman Jemal of Douglas Development did not immediately respond to a request for comment.

Follow Jonathan O’Connell on Twitter at: @oconnellpostbiz

By  |  04:49 PM ET, 11/17/2011

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