(Photo by Roberto Torres)
Unoccupied since 1984, when it was last a Turkish bath house, Center City’s Hale Building on Chestnut and Juniper will now be home to a coworking hub called Spaces.
Set to open next Monday, Spaces will add 38,000 square feet of space to a growing inventory of coworking options in Center City. Per real estate and consulting firm JLL, Philly ended 2017 with over a half a million square feet in coworking inventory.
The Hale Building is owned by developer Brickstone Realty, which has been revamping the location since 2017. It was built in 1887 by Willis Hale, who would later design Philly icon Divine Lorraine.
Per J.P. Lovejoy, the Philly-based Area Manager at Spaces, there’s a contrast between this brand of coworking and its sister company Regus, the global private office purveyor, also owned by parent company IWG.
“The big difference between Regus and Spaces is that the feel is going to be more modern [here],” Lovejoy said. “We encourage more collaboration in our space and host more networking spaces.”
Lovejoy declined to say how many members it would have by opening time next week, but said tenants include companies in software development, cloud computing, digital marketing, recruitment and consulting.
To preserve original details in the building, like fireplaces and moldings, Spaces worked alongside the Philadelphia Historical Commission during the renovation process.
The space will have a barista on staff and will host regular networking events. Membership starts at $350 a month for a hot desk area, with private offices starting at $600.
Amid a crowded field of companies vying for mobile workers, Lovejoy says the flexibility that Spaces offers by letting its users tap into meeting rooms across and desks in the Regus network, will be a selling point.
“I think it’s also the feel of the building,” Lovejoy said.
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