The Best Use For Georgetown's Trophy Properties

• December 15th 2015

by UrbanTurf Staff

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UrbanTurf usually stays away from publishing rankings or lists…except at the end of the year when we look back at the best that DC’s residential real estate scene had to offer during the previous 12 months. So, this week we are looking at not only the best but the most intriguing and peculiar things that came across our radar over the course of 2015. Enjoy.

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In 2011, they purchased Evermay for $22 million. A year later, they paid the heavily-discounted price of $11 million for Halcyon House. And in 2015, they purchased the Fillmore School, listed for $14 million. The couple behind the massive acquisition of these tony and singular properties in Georgetown is not doing what you might suspect with them.

Instead, biotech entrepreneurs Sachiko Kuno and Ryuji Ueno, whose S&R Foundation owns all three properties, have non-profit intentions for each of them.

Evermay and Halcyon House are already being put to good use. Halcyon House has been turned into an incubator for social entrepreneurs who “are given a four-month residency and eight months of rent-free workspace,” as well as a variety of PR, legal and funding resources. The incubator also hosts speakers and events for the Georgetown community. In addition to serving as their residence, Evermay is the primary headquarters for the S&R Foundation.

The Fillmore School at 1801 35th Street NW (map) will become an arts incubator. The building, according to a news release, “will serve as a platform to grow talented artists in the fields of fine, visual and performing arts, maintaining the educational use of the building and its place as part of the vibrant arts landscape in the nation’s capital.”

“Through S&R’s expansion of arts education at the Fillmore School, we will continue S&R’s commitment to supporting excellence in artistry, innovation and entrepreneurship in an environment that encourages international collaboration,” Sachiko Kuno said in a press release in April. “We also are excited to expand our commitment to supporting talented artists in Washington, D.C., especially those from underserved communities.”

This article originally published at http://dc.urbanturf.production.logicbrush.com/articles/blog/the_best_use_for_some_of_georgetowns_largest_properties/10667.