1776 is nixing its DC campus — but no changes are expected for Philly's hubs - Technical.ly Philly

Business

Nov. 12, 2018 7:15 am

1776 is nixing its DC campus — but no changes are expected for Philly’s hubs

The company will close its original location in Northwest D.C. Chief Strategy Officer Penny Lee says the company's strategy remains unchanged.
1776’s DC Campus.

1776's DC Campus.

(Courtesy photo)

The original home of coworking space and incubator 1776 in D.C. — a 35,000-square-feet hub home to 45 companies — will be closing down at the end of the year.

1776 CEO Jennifer Maher said, in a statement released Friday, that the decision is rooted in the company’s business model shift. After it merged with Philly’s Benjamin’s Desk at the end of 2017,  its focus shifted from “assuming lease liabilities to a managed service model.”

Per Maher, who long shared co-CEO duties with brother-in-law Anthony Maher, the company was unable to come to an agreement under our new management model.

“We look forward to finding another campus quickly in downtown D.C. to continue serving the entrepreneurial community and continue to further build upon our dynamic ecosystem,” Jennifer Maher said. “In the meantime, we will continue our operations in the Greater Washington region from our Crystal City campus.”

Chief Strategy Officer Penny Lee told Technical.ly via text message on Friday that no changes were expected for the company’s Philly operations in Center City, West Philly or Grays Ferry. The company’s growth strategy, Lee said, remains unchanged.

At the time of the merger, the combined company managed around 230,000 square feet between Philadelphia, its suburbs and the Greater Washington area.

Read the full story
Companies: 1776
-30-
CONTRIBUTE TO THE
JOURNALISM FUND

Already a contributor? Sign in here
Connect with companies from the Technical.ly community
New call-to-action

Advertisement

Take a look inside Offsite, the Fitler Club’s new luxury coworking space

A new flexible workspace is moving into the Fashion District

CIC will host 36 startups in need of ‘space, support and opportunity’ — for free

SPONSORED

Philly

How Relay is helping enterprise clients get proactive about customer engagement

Chesterbrook, PA

Deacom

Senior Software Developer

Apply Now

Philadelphia, PA

PromptWorks

Senior React Native Engineer

Apply Now

Philadelphia, PA

PromptWorks

Software Engineer

Apply Now

Would I recommend coworking at a bar on a Tuesday morning? Yes, yes I would

1776 will close its Washington Square campus this fall

Could the Free Library replace your office?

SPONSORED

Philly

These hiring companies want to meet you at NET/WORK Suburbs

Philadelphia, PA

Vistar Media

QA Engineer

Apply Now

Philadelphia, PA

PromptWorks

Senior Software Engineer

Apply Now

Philadelphia

Inspire

Manager, People Operations

Apply Now

Sign-up for daily news updates from Technical.ly Philadelphia

Do NOT follow this link or you will be banned from the site!