LET'S DO THIS!

LET’S BUILD A DC HOME FOR INDEPENDENT, EXPERIMENTAL ART OF ALL FORMS

Join Fringe this fall for a series of community town hall meetings to learn about how you can use the renovated space and the evolution of programs offered. Join our mailing list at foot of the website.

1358 Florida Ave NE - Trinidad DC

In June 2014, Fringe agreed to purchase 1358 Florida Ave NE for $4,500,000, putting down a $350,000 non-refundable deposit to secure the space until closing in October. Fringe closed on the building on October 6, 2014, paying $1,950,000 with take back seller financing for $2,550,000 in outstanding debt with a 4% interest only rate in 2015 and 6% in 2015. Additionally, the deal required another $500,000 payment in February 2015 resulting in $2,050,000 debt financing over the next two years. With Fringe on solid financial footing, and a new asset on its balance sheet, we arranged bank financing with a loan from our bank of 10-years, PNC Bank, in the amount of $2,206,518. Fringe received one loan for $1,200,000 with a fixed rate of 3.9% (interest and principle) and a maturity of seven years and a second loan for $1,006,518 with a floating rate equal to 3.25% (interest only) minus the prime rate (currently .10) and a maturity of five years.

The once two-floor, three parcel auto detailing shop then turned art gallery, boasts 9,314 square feet of indoor space with an additional 2,400 square feet of outdoor space for a total floor plan of 11,714 Square. The building is zoned C-2A and has a FAR (floor to area ratio) of 19,000 square feet for future expansion.

Phase 1 - 2014 to 2018

We painted murals, created and opened two bars, created the Trinidad Theatre, greeted new and old familiar faces and had a great time!

In Phase 1 contained:

  • 104-seat Trinidad Theatre
  • Indoor bar with gallery
  • Outdoor beer garden

Phase 2 - 2018 - 2019

Once Phase Two renovations are completed, the space will house:

  • 200-seat theatre that operates in accordance with Actors Equity Association rules and guidelines and is completely sound proof
  • Two 200-capacity seat multi-purpose black box theatre’s that are completely sound proof
  • Scene shop/build space operating and adhering to all OSHA rules and standards
  • Art gallery
  • Indoor bar with a commercial grade kitchen
  • Outdoor beer garden

The Phase 1 and 2 project budget is roughly $9 million.
To date, Capital Fringe has raised $8,245,949.

Our Phase 1 & 2 donors thus far . . .
Revada Foundation, Reva and David Logan Foundation, Share Fund of the Greater Washington Community Foundation, Morris and Gwendolyn Cafritz Foundation, Nora Roberts Foundation, District of Columbia, Festival Goers of the 2014 Capital Fringe Festival, Angela Fox, Dan Costello, Kingdon III and Kristen Gould, Gerry Widdicombe, Jean and David Grier, Carl Nash, Caitlin Wood & Martha Schoolman, Julianne Brienza

LEAD NAMING OPPORTUNITIES

  • Naming of Facility/Signage facade of the building
    $1,500,000 - Reveda Foundation
  • Theatre One - 200 seats - $1,000,000
  • Theatre Two - 200 seats - $800,000 - Nora Roberts Foundation
  • Theatre Three - 200 seats - $1,000,000
  • Gallery/Event space - $300,000
  • Fringe Arts Bar Beer Garden - $200,000

SPECIAL NAMING OPPORTUNITIES

  • Commercial Kitchen - $250,000
  • Scene Shop - $130,000
  • Elevator - $100,000 - Gerry Widdicombe
  • Managers Closet - $80,000
  • Plaque stating support of our local and federal government licenses - $35,000 - Kingdon III and Kristen Gould
  • Air Conditioning + Heating - $75,000
  • Box Office - $30,000 - Angela Fox
  • Equity Dressing Rooms and Cot - $25,000
  • Artists Restrooms, Theatre 1 - $20,000
  • Fringe Arts Bar Beer Garden Community Table - $20,000
  • Bicycle Rack (2) - $10,000
  • Sign the Plumbing Pipe for the Beer Taps on the 2nd & 1st floor (20) - $10,000

To learn more, contact Julianne Brienza at julianne@capitalfringe.org.

DONATE HERE to help make it happen!

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