Tag Archives: Industrious

Chicago: Office Expansions

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Industrious (a co-working firm) will be opening its largest location in Chicago.  The address is the 10th floor of 500 W. Madison Street and the space is 46,500 square feet. It is due to open in the summer of 2019.  In addition, Novel Coworking is also opening – at a River North building spanning 50,400 square feet offering private offices, suites and co-working spaces at W. Superior Street.

And that’s not all. Google is developing its presence in Chicago with a second building right near its current one in Fulton Market.  This will open in the fall of next year at Carpenter and Lake Streets and will measure 100,000 square feet.  At the same time, Facebook is planning on moving 250,000+ square feet of space in a 35-story office tower in the area as well.

 

Industrious Heading to Nashville’s Glitzy Gulch

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Several real estate sources confirm that a Chicago-based company called Industrious has contracted to lease a space in Nashville, Tennessee considered to be the newest and most expensive office space in that southern city.

Industrious plans on transforming the space into suites available for lease to a variety of companies from start-ups to national high-tech firms.

The 18,000 square foot space in Gulch Crossing is located in Nashville’s first new office building built within the past six years. The time gap since the last building has created a market for high-end, record-breaking prices; rent for this place ringing up at a juicy $37 and more per square foot.

Gulch Crossing has already attained 86 percent occupied with the addition of Industrious. Already in the building in Deloitte, who rented there just ahead of Industrious.

It is expected that Gulch Crossing will house between 600-800 workers;  giving the area a strong business feel during the day, standing out as Nashville’s most visible example of its newly born urban renewal. The building also houses 2,000 apartments and condos, upscale retailers and restaurants.