Charlotte’s newest office tower is filling up fast, and the latest tenant will offer a new kind of office space: Coworking.
WeWork is opening its first Charlotte offices at 615 South College, still under construction next to the Westin hotel. The company has leased 46,000 square feet, the eighth and ninth floors of the tower, with a private balcony, and plans to open this summer.
“We’re excited to bring both our beautiful workspaces and global community of creators to Charlotte this summer,” said Adam Wacenske, general manager of WeWork’s southern region, in a statement.
Local officials hailed the new coworking offices as a step up for the area’s entrepreneurial community, a part of Charlotte’s business culture often pointed out as lagging. Charlotte Mayor Jennifer Roberts said WeWork will “support local businesses of all kinds,” and Charlotte Chamber president Bob Morgan said the coworking space is “an exciting opportunity for entrepreneurs of all sectors to collaborate and receive the critical support they need.”
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The company anticipates 960 people will work in its Charlotte space. WeWork offers entrepreneurs and small businesses to lease office space and provides all of the accoutrements that typically come with larger companies, such as coffee, cleaning, and information technology support. The company also provides access to business services such as payroll processing, legal advice and other payment processing.
It’s the latest coworking space to open uptown, a market that’s seen more interest from such companies lately, with coworking offices such as Level and Packard Place opening. Pricing hasn’t been set for Charlotte, but in other WeWork markets, a basic membership, which comes with limited privileges to work at the location and book a desk or a conference room, starts at $45 per month. A dedicated desk starts at $350 per month, and private offices start at $500 per month.
At 615 South College Street, the lease takes another chunk of the new 19-story office building off the market. The developer has already inked leases with BDO, which took the 12th floor, and Regions Bank, which took the fourth, fifth and sixth. There are about 232,000 square feet of space still available at the building.
Travis Garland of developer Portman Holdings and John Ball, director of office leasing with Trinity Partners, represented the landlord in the negotiations. Keith Bell and John Christenbury of Cushman & Wakefield represented WeWork.