In big pre-inauguration information, tech titan Elon Musk is slated to be the very best bidder on D.C.’s fashionable Line resort. The not too long ago inducted member of President-elect Donald Trump’s billionaire boys membership plans to show the fascinating Northwest digs with 220 rooms right into a “non-public social membership” of kinds, in line with a number of sources conversant in the deal.
A beforehand introduced public public sale for the previous church-turned-posh property (1770 Euclid Road NW) is scheduled for Thursday, January 23 — simply three days after Musk’s BFF reassumes energy in the identical metropolis. Musk is poised to guide the newly coined Division of Authorities Effectivity (DOGE) as soon as Trump strikes again into the White Home.
The high-profile CEO is behind behemoth manufacturers like rocket-blasting SpaceX, e-car firm Tesla, and the social media platform previously often known as Twitter (X), so it will solely make sense that he desires to strive the hospitality trade on for measurement subsequent.
Hip LA-born model Line, which additionally has areas in San Francisco and Austin, shortly cemented its standing as certainly one of D.C.’s hottest eating locations after making its anticipated debut in late 2017.
The gathering of opening eating places included Rake’s Progress — James Beard Award-winning chef Spike Gjerde’s mid-Atlantic marvel fueled on wood-burning flames — and two lobby-level spots from acclaimed D.C. restaurateur Erik Bruner-Yang: all-day Brothers and Sisters and Spoken English. None of them resurfaced post-pandemic.
No Goodbyes entered the fold in 2021 and stays the Line’s solely restaurant. The lobby-wide institution is totally open from morning to nighttime, with a wonderful cocktail program by D.C. bar vet Lukas Smith. It’s unclear what the standalone constructing’s future food-and-beverage chapter holds underneath the potential takeover.
The timing is attention-grabbing, contemplating a competing participant in D.C.’s non-public membership area is days away from its long-awaited arrival proper throughout from the White Home; Ned’s Membership Washington D.C., the dear newcomer with Soho Home standing and a dream hospitality crew in place, is slated to open on January 31.
The Line’s California-based lender Acore Capital introduced the under-performing property up for public sale in December and tapped brokerage agency JLL to buy it round city. The foreclosures public sale is scheduled to happen in entrance of a NY courthouse and broadcasted dwell.
Developer Sydell Group’s adaptive reuse of the previous First Christ of Scientist Church obtained an $80-million mortgage in 2016 from Deutsche Financial institution, and was refinanced in 2019 with an $86-million mortgage from Acore Capital. Investor Affinius Capital didn’t reply to Eater’s request for touch upon Musk’s potential transfer.
Musk is reportedly scheduled to talk at Trump’s pre-inauguration rally on Sunday at Capital One Area, and Eater is instructed that each one of its luxe suites are bought out.
