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A Hive of Activity

The Downtown Alliance's recently opened Hive at 55 typifies coworking facilities that provide office-like support for those without offices

By Paul Bubny | Updated on December 21, 2009

NEW YORK CITY—Among the many changes wrought by the economic downturn has been a shift in the role of the office as a workspace. Aside from layoffs, there’s been a move by employers away from full-time, in-office employment. All of this has meant a rise not only in home-based businesses, but also in coworking facilities that provide office-like support for entrepreneurs without an office-like situation.

Among the city’s newest, and possibly largest, such facilities is the Hive@55, recently opened by the Alliance for Downtown New York at Rudin Management’s 55 Broad St. The 4,000-square-foot space provides shared workspace for more than 30 people at a time, plus three private workrooms.

The Hive@ 55 offers WiFi, fax, printer and copier machines and conference rooms. People can also host a business meeting there, or a meet-up, networking event, workshop or class. The space is intended to provide an alternative to working out of a living room or coffee shop, and to facilitate connection and collaboration between businesspeople.

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