Morning Headlines: Shared Coworking Space Is Coming To South Broad
Two shared coworking spaces are coming to Philadelphia this winter, one of which will be on Broad and Locust. Industrious, a coworking space company from Chicago, is expanding to Center City and Old City, each location set to open in November and December, respectively.
According to Technical.ly Philly’s Juliana Reyes, both sites will offer 20,000 square feet of “flexible, community-oriented office space,” which is just a tad smaller than another office space company planning to expand to the area: Miami-based Pipeline who said they would “open a 21,000-square-foot space in Center City this fall.”
Let’s hope the new spots don’t meet the same fate as 3rd Ward, the Brooklyn-based co-working space that expanded to the area…only to suddenly cease operations after its Philly location failed.
Industrious’ Center City location will be on the 17th and 18th floors of 230 S. Broad Street, while the Old City location remains undisclosed. Here’s what to expect:
Industrious offers a shared office environment that’s a little more corporate than what Hodari calls your average startup incubator (there won’t be any ping-pong tables or bean-bag chairs, he said) but less buttoned-up than your average office park. It’s something in between, Hodari said.
Catering to national tech companies that want satellite offices in several cities and startups that have outgrown their first incubator, Industrious Philly will have communal space but also a focus on private offices.
That’s similar to Industrious in Chicago, where one-third of its roughly 60 company tenants are early-stage startups, one-third are local offices of national firms (which Hodari wouldn’t disclose) and one-third are design firms and later-stage startups.
Tours of the Broad and Locust location will take place in October.
• Chicago’s Industrious to open massive Philly coworking space, then another [Technical.ly Philly]
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• Ruminating On Lost Columbia Avenue [Hidden City]
• In Pottstown, plenty of sellers, few buyers [Town By Town]
• Harris Steinberg: “With time, comes change” [PlanPhilly]
• Doors chained at Revel; $2.4B casino officially closed [Business Journal]