Verizon is turning some unused urban real estate it owns into a new space for entrepreneurs.
The telecommunications giant is partnering with New York-based Alley on a space at 2055 L. Street NW. Alley DC Powered by Verizon space is set to open June 29.
Designed by Gensler, the 10,000 sq. ft. space will have a mix of open workspaces and private offices, as well as mural art by D.C.-based artist Rose Jaffe. There’s also space to host events like happy hours and panel discussions. Members at the space are vetted by Alley through an application process, which has “an eye for the growth of the community as a whole,” a statement said.
For Verizon, the coworking space offers a way to breathe new life into a space that isn’t currently in use. With developments in technology, the company doesn’t need as much space to house equipment. Coworking itself is a booming marketplace in the district. As a corporation with plenty of tech ties, Verizon also sees an opportunity to collaborate more with young companies.
“Verizon is excited about the expansion of our coworking initiative. Partnering with Alley gives us unique access to hundreds of startups that are working to shape their various industries,” Verizon Senior Vice President for Global Real Estate John Vasquez said in a statement.
For Alley, it marks the first wave of expansion outside New York. The company is also partnering with Verizon on a space in Cambridge, Mass., that is also opening at the end of June.
Before you go...
Please consider supporting Technical.ly to keep our independent journalism strong. Unlike most business-focused media outlets, we don’t have a paywall. Instead, we count on your personal and organizational support.
3 ways to support our work:- Contribute to the Journalism Fund. Charitable giving ensures our information remains free and accessible for residents to discover workforce programs and entrepreneurship pathways. This includes philanthropic grants and individual tax-deductible donations from readers like you.
- Use our Preferred Partners. Our directory of vetted providers offers high-quality recommendations for services our readers need, and each referral supports our journalism.
- Use our services. If you need entrepreneurs and tech leaders to buy your services, are seeking technologists to hire or want more professionals to know about your ecosystem, Technical.ly has the biggest and most engaged audience in the mid-Atlantic. We help companies tell their stories and answer big questions to meet and serve our community.
Join our growing Slack community
Join 5,000 tech professionals and entrepreneurs in our community Slack today!