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It’s official: Capital Fringe has closed on its previously announced new location at 1358 Florida Ave. NE, moving the midsummer art and performance festival from Mount Vernon Triangle to Trinidad. Thanks to gifts from the Reva and David Logan Foundation, the Nora Robert Foundation, and three Fringe board members, Fringe CEO Julianne Brienza and COO Peter Korbel announced that they were able to close the deal at $1,950,000 on Oct. 6, according to a press release from the festival.

While Brienza and Korbel still intend to keep fundraising to support further development of the Florida Avenue location, formerly the home of the Connersmith Gallery, Fringe now owns the building and will start moving in over the next couple of months. A black box theater will be constructed on the first floor and a rehearsal space will operate on the second floor, with a goal of beginning performances in the space in early 2015. The water leaks and rats of the old Fringe space should be a distant memory when the 10th annual Capital Fringe Festival opens on July 9.

Image of 1358 Florida Ave. NW via Google.

Due to a reporting error, an earlier version of this post stated that Brienza and company would be fixing water leaks and getting rid of rats in the new space—-in fact, the water leaks and rats were a problem in the old Fringe space, not the new one.