TAMPA, FL—Co-working space provider Industrious has entered into a partnership with Centro Ybor to convert the former Centro Ybor movie theater into a 45,000-square-foot flexible workspace.
The new location it is expected to open for business in the fourth quarter of 2020. Centro Ybor is advised by Third Lake Partners, LLC of Tampa.
"The market demand in Tampa for the Industrious product has been strong from the start," says Jen Reilly Kelmer, Florida area manager at Industrious.
Industrious opened its first Tampa location at the SunTrust Financial Center at the end of 2017 and later expand to a second floor. Kelmer adds that Ybor City is also home to a budding film and creative industry which makes it the perfect place for this unique movie theater conversion."
"As Ybor continues to redefine itself as a hub for innovation, tech, and creative services, this collaborative co-working space serves as a much-needed anchor for companies flocking to Tampa," says Tampa Mayor Jane Castor. "The expansion of Industrious to Centro Ybor just further highlights the economic competitiveness of Ybor as one of Tampa's unique business districts. I cannot wait to tell the story of all of the innovators that will call Industrious Centro Ybor home."
In order to turn the movie theater space into a productive workplace environment, Industrious will insert window openings throughout, among other things. Industrious notes it has had previous success converting non-traditional locations into office space; earlier this year opening a location at a former Barneys New York at the Fashion Square mall in Scottsdale, AZ.
New York City-based Industrious currently has 90 locations across more than 45 U.S. cities.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.