Venture X has filed a permit for a 19,553 square-foot space in Suite 200 of the Atlanta Financial Center’s South Tower, at 3333 Peachtree Road. Though the office space franchise has over 100 locations worldwide, this will be the first coworking space that Venture X opens in Georgia.
Venture X first started in Naples, Florida in 2012, offering boutique office space for small businesses and tech startups. The company started aggressively expanding its business, franchising with United Franchising Group under CEO Ray Titus and president Jason Anderson.
Venture X celebrated its 100th franchise location a little over a year ago, announced in a press release at the time.
“It’s incredible the strides our franchise has made over the last couple years,” Anderson said in the statement. “It wasn’t long ago when we were actually describing to prospects what ‘coworking’ was. The landscape of the preferred workplace setting is changing rapidly, and entrepreneurs around the globe understand Venture X provides an unparalleled experience with versatile, welcoming spaces that are just as innovative and dynamic as the modern professional.”
The company planned to continue its expansion in 2020 with 25 new locations across seven states, in which Georgia was excluded, along with Costa Rica, Honduras, and Spain. Like with every other business plan, the coronavirus put a halt to Venture X’s vision.
“Now Venture X is reemerging from its world-wide hibernation,” the company said in a press release last week announcing a new flex space in Detroit that was in the works pre-coronavirus.
What Now Atlanta has reached out to Venture X for comment.
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8 Responses
I thought I read the other day that this concept is dying.
A lot of companies that have gone remote and are never coming back to their office space. While many of those employees will keep working from home, I’m guessing a lot of them either need or want office space outside the home.
Office workers with young kids, office workers with physical meetings, office workers with small apartments and significant others also working at home, office workers who get too lonely working from home … I’m thinking any coworking space that can survive the next 6 months could thrive for years.
What am I missing?
p.s. except WeWork, I would NOT bet on WeWork surviving in its current form.
I agree with your thinking.
I guess I’ve just read a lot about the WeWork clusterf*ck, and the amount of properties that these companies are sitting on.
Yeah, if you’ve leveraged up to the tits on extremely long-term leases of Class A space all over the world and your self-dealing leader is a caricature Bond movie villain … good luck out there. But in general, the pandemic has potential to be a boon for coworking. Like, the local spot in IP is a ghost town these days, but there’s gotta be a lot of IP residents climbing the walls.
Hahaha! Great description!
Are you talking about Alkaloid Networks? My buddy did some catering events for her (pre-C-19).
As you know by now, I’m all about the small business owners, and I think in this case, they have a lot more flexibility to pivot during something like this.
https://alkaloid.net/preventing-covid19-at-work/
Yep. I had/have an office at Alkaloid because we finished out a lease, intended to camp there for a few months while the new office was being built, and then pandemic wrecked our builder so we’re still in limbo. Alkaloid is probably not for everyone, but we think it’s great.
Glad you found somewhere to land for the moment!