Venture X co-working firm to open at Related’s CityPlace in West Palm Beach
The Real Deal
April 17, 2018
By Amanda Rabines
Another co-working concept is expanding to South Florida.
Venture X, a shared office company under the United Franchise Group umbrella, will be opening its flagship location this summer at Related Companies’ CityPlace in West Palm Beach, according to Venture X president Tom Weber.
The company has locations in Naples, Dallas, San Antonio and Toronto. At CityPlace, Venture X is leasing 14,000 square feet on the second floor of the mall at 700 Rosemary Avenue.
Gensler, which designed headquarters for Facebook and Instagram, is designing the Venture X space.
Memberships start at $40 a month, with private offices asking up to $6,000 a month, Weber said. Perks include concierge services, meeting rooms, café and lounge areas and weekly catered breakfast and lunch options. Full-time members will also have access to common areas at every Venture X location.
Venture X is planning on opening 30 additional locations in the United States by 2019. The firm is also considering opening in the Middle East, Weber said.
Related has proposed a massive overhaul of the 72-acre CityPlace property. In December, the New York development firm announced plans to knock down the former Macy’s building and replace it with 350 luxury apartments, retail and restaurants.
Other co-working companies in South Florida include WeWork, Büro , Made at the Citadel, the Lab and Pipeline.
In February, Tribe Co-Work opened its first space in Miami’s Overtown community. Open-desk memberships start at about $250 a month, and office spaces begin at about $1,000 a month.