I’ll Have a CD and Latte to Go

August 17, 2017

Capital One is venturing into the world of coffee and pastries. Yes, really.

Designed to be part co-working space, part-bank, part-coffee shop, Capital One announced today it would be opening a suite of Capital One Cafés designed to help people connect, refresh and also become more comfortable with their financial life.

Each space will include a staff of “café ambassadors” who will talk to people about different money management habits, goals and action plans for financial success. The two spaces will also come equipped with free meeting rooms and a lounge for anyone to use.

According to a map sent by Capital One, the two spaces will be located at 3150 M St. NW in Georgetown and 732-736 7th St. NW in Chinatown. Both spaces are slated to open at the end of 2018.

In early August, The Washington Business Journal reported that Capital One had purchased the Georgetown space at the corner of Wisconsin Ave. and M Street NW for $50.2 million from Sagamore Development, the development arm of Under Armour founder Kevin Plank. In 2014, Sagamore bought the property for $12.2 million.

The two Washington, D.C. locations are just a part of a larger trend from Capital One. In 2016, the company announced it was opening two cafés in Chicago. According to the company’s website, there are 21 café locations open now in California, Colorado, Florida, Illinois, Massachusetts, Minnesota, Pennsylvania Virginia — including one in Richmond, Va.

(American Inno)

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