The long, long saga of the empty warehouse space at 14th and T Streets NW has come to an end. Upscale furniture retailer Room & Board has finally gone ahead and bought the building, after dropping out of negotiations for a while and then eventually coming back and making another offer, Housing Complex reports. The building at one time had been targeted as a comedy club/yoga studio/lounge combo, but all those pipe dreams have at last gone up in smoke. From the press release:

Room & Board, a 29-year-old company offering handcrafted, American-made home furnishings, announced today it will open a new store in Washington, D.C., in the early spring of 2010. The store, located in the historic Taylor Motors Building at 14th and T, will be Room & Board’s second store on the east coast and eleventh store in the U.S.

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The new store, located at 1840 14th Street Northwest, will initially employ approximately 50 design associates and staff members at its distribution center. The 31,600 square foot store will honor the historical integrity of the building and surrounding neighborhood. The existing shell will be refurbished to preserve its historic character, reflecting Room & Board’s environmental philosophy of design. Room & Board is currently searching for a separate distribution center in the area to facilitate customer deliveries.