Soho House Group is set to open the latest iteration of The Ned in Washington D.C.
The private club operator has teamed up with American financier Michael Milken on a project which is set to cost over $1bn by the time it opens next year.
The Ned is owned by Yucaipa but is operated by Soho House under a management contract.
It comes after Soho House announced it is set to open its first members’ club in Scotland next year.
The chain of private members clubs is continuing with its growth plans in the UK and abroad, with plans to open a number of US locations.
The Ned’s latest Washington location marks its fourth site after openings in London, New York and Doha and will be located over the top three floors of a revamped former bank headquarters on Pennsylvania Avenu.
Originally scheduled to launch in 2020, the site is a stone’s throw from the US Treasury and from its rooftoof, members will be able to see panoramic views of the National Mall and the White House.
The Ned’s managing director Gareth Banner declared that the DC site would “channel the glamour of the 1920s”, according to the FT.
