Carr Properties Announces For Five Coffee and Grazie Nonna as Retail Operators at 425 Montgomery

Well-Known Coffee and Italian American Dining Concepts to Anchor Ground Floor of Transformative Residential Development, Bringing Vibrant Dining Experiences to Old Town.

Carr Properties (“Carr”), a leading owner, operator, and developer of premium quality office and residential properties, today announced two new retail leases at 425 Montgomery — a 250,000-square-foot residential project currently under development in Old Town Alexandria. For Five Coffee and Grazie Nonna, two celebrated brands, will bring their signature food and beverage experiences to the building’s ground floor. The retail leases are part of Carr’s broader placemaking strategy—one focused on creating destination-worthy experiences that attract residents, visitors, and serve the broader community.

“425 Montgomery represents a unique opportunity for Carr to contribute meaningfully to the neighborhood fabric of Old Town,” said Austen Holderness, Chief Development Officer at Carr Properties. “For Five and Grazie Nonna are two beloved concepts that will serve as exceptional amenities for our future residents while creating a new destination for our neighbors seeking a standout dining experience.”

Founded in Queens, New York, in 2010, For Five Coffee has evolved into a nationally recognized specialty coffee company offering a full-service approach to sourcing, roasting, distributing, and serving artisanal coffee. The brand, started by best friends Stefanos Vouvoudakis and Tom Tsiplakos, has become widely recognized for its elevated café concept — pairing craft coffee with an artisanal bakery program and a seasonally inspired breakfast and lunch menu. The brand signed a 10-year lease for a 3,443-square-foot café at 425 Montgomery, its fourth Virginia location.

“When we opened our first DMV For Five café in Alexandria with Carr Properties in 2018, we knew we were launching something extraordinary,” says Stefanos Vouvoudakis, CEO & Co-Founder of For Five Coffee. “Now, with 12 cafés across the DC/Virginia region, we’re thrilled to deepen our roots and continue growing within the Alexandria community–while bringing a more elevated, luxury café experience to this side of the city in a way we’ve never done before.”

Joining For Five is Grazie Nonna, the hit red-sauce-inspired Italian American restaurant that opened its flagship location at Carr’s Midtown Center in the heart of DC in 2022. Grazie Nonna channels the warm nostalgia of family-style pizzerias and old-school Italian joints, serving up New York-style pies, handmade pastas, and classic Italian American comfort dishes. Its new 4,471-square-foot outpost at 425 Montgomery marks the restaurant’s first Virginia location under a 10-year lease.

“We’re excited to bring Graze Nonna to Old Town. 425 Montgomery is a perfect home for us and we look forward to providing residents and the community a memorable experience for years to come,” said Casey Patten, Founder of Grazie Nonna, Grazie Mille and Graze Grazie.

Located on a prime site adjacent to Montgomery Park, 425 Montgomery is an eight-story residential redevelopment of a former office building site into 237 thoughtfully designed apartment homes. The project will offer a mix of studio to three-bedroom units, with approximately one-third boasting picturesque views of the Potomac River. Residents will enjoy best-in-class amenities including an outdoor pool, rooftop terraces, a state-of-the-art fitness center, and a resident lounge and amenity suite. Set within Alexandria’s highly walkable Old Town neighborhood, 425 Montgomery pairs elegant living with direct access to green space, retail, and the vibrant local community. Construction is currently underway at 425 Montgomery, with delivery expected in late 2026.

Costa Gogas of Papadopoulos Properties represented For Five Coffee in the transaction. John Asadoorian of Asadoorian Retail Solutions represented the landlord in both transactions and the tenant in the Grazie Nonna lease.