The Entrepreneurs Center is moving its co-working space from the “444” building in downtown’s Innovation District to the quickly developing Dayton Arcade.
The co-working space is now at the Kuhn’s building, 15 W. Fourth St. The Entrepreneurs Center will follow to the Arcade as a whole in late 2020.
A reception will be held from 4 to 6 p.m. Thursday at the building to mark the opening of the new space. The public is welcome, the center said.
Dubbed “Nucleus,” the co-working space has been housed at 444 E. Second St. The new space will also have co-working areas, as well as office rentals for small businesses and meeting spaces.
“The move signals continuing progress toward the development of the Arcade and its grand re-opening scheduled for late 2020,” the Entrepreneurs Center said in a release on the move.
Co-working offerings feature shared work-spaces for new businesses, who can take advantage of them via subscriptions, day passes and open houses. The 444 building continues to be widely used for that and other purposes.
“Co-working continues to experience a rise in popularity across the country as technology enables connectivity from remote locations and reduces the need for employees to report to a traditional office every day,” the center said. “Co-working is also an ideal solution for entrepreneurs looking for a turn-key, cost-effective, and client-worthy space from which to build a business.”
Dayton Arcade Partners — the LLC of arcade developer Cross Street Partners — bought the Kuhn’s building from the city of Dayton in a real estate property transaction made public in early January. That acquisition put Cross Street in control of all of the Arcade’s nine buildings.
The move to the Kuhn’s building preempts the Entrepreneur Center’s move to the Arcade as an anchor tenant together with University of Dayton, the center said.
Both the center and the university will occupy just under 100,000 square feet and have signed a 10-year lease.
“We couldn’t be more excited about the future of TEC and the positive impact this continued growth and development will have on Dayton-region entrepreneurs,” Bonnie Kling, the Entrepreneur Center’s collaboration coordinator, said in the release. “Nucleus members are a huge source of energy in our community and this move is just the next step toward a world-class co-working space at the Arcade. The momentum is real, we all feel it.”
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