The Shop gives first look at its Contemporary Arts Center co-working space
By: Jennifer Larino | NOLA.com | The Times-Picayune | 3/21/2017
The Shop, a trendy new co-working space in the Contemporary Arts Center, has given a first look at what it expects the development to look like when it opens later this year.
The 40,000-square-foot space, opening to tenants this summer, will feature private offices, co-working desks and shared meeting rooms, kitchen space and common areas as well as a roof deck. The project is currently under development on the third and fourth floors of the Contemporary Arts Center
The Domain Cos., which is developing the space and will manage it, released new renderings Monday (March 20) as part of an announcement it has started pre-leasing the space. The developer also said it has signed two new tenants, including a global investment firm.
The renderings show a sleek, high-ceiling design that plays up the exposed wood beams and industrial vibe of the arts center, which is housed in the former K&B warehouse at 900 Camp St.
A 15,000-square-foot common area will anchor the space, featuring an exposed staircase and a mix of large work tables and casual seating made up of cushions stacked on slabs of raised polished concrete. Developers have also preserved the large windows that line the building’s upper floors, allowing for natural light and Warehouse District views.
New Orleans architecture firm Eskew+Dumez+Ripple designed the work space, which will have room for between 350 to 400 professionals.
Bridges Fund Management, a global investment firm focused on tackling social and environmental challenges, and NO/LA Angel Network, a group of local investors, will both have a presence at the space, according to the news release.
Matt Schwartz, principal at The Domain Cos., said the addition of capital sources mirrors what other successful co-working spaces have done in cities such as New York and San Francisco. Bridges Fund Management, which has a head office in London, has raised $1 billion in investment funds to date.
“This follows best practices of successful models around the country, making The Shop the first co-working space in New Orleans to bring the full continuum of capital — from seed funding to venture capital to growth funds — under one roof,” Schwartz said.
Previously announced tenants include The Idea Village, a New Orleans startup incubator and organizer of New Orleans Entrepreneur Week, and Greater New Orleans Inc., a regional economic development group.
The Idea Village is relocating its entire office space from the IP Building at Magazine and Girod streets to the The Shop. Greater New Orleans Inc. will rent space to share with tech startups interested in relocating to the region.
In addition to offices and desk space, The Shop will feature programming and events targeted toward up-and-coming New Orleans startups and young professionals.
Other amenities available to members include a staffed front desk, high-speed Wi-Fi and access to an affordable, comprehensive benefits platform with health insurance and 401(k) plans.
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