Phoenix-based co-working space CO+HOOTS is adding a second location in midtown Phoenix at the beginning of April, helping accommodate up to 1,000 entrepreneurs, freelancers and employees of small and midsize businesses.
The new location, on Indianola Avenue and Second Street, will be 14,000 square feet, “three times the size to do 10 times the impact,” CO+HOOTS founder Jenny Poon said in a press release. The expansion is to further the outreach of the company and have companies stay with CO+HOOTS while they expand.
“A co-working space needs to grow because all of their small businesses are growing exponentially,” CO+HOOTS community manager Kay Transtrum said. “I think that a lot of big-scale things are happening in Phoenix on a really quick pace and it’s cool to be a part of it.”
The shared office space was named number nine this September in an Ubiq list of the best co-working spaces in the world. This is the company’s third time expanding to accommodate their growing numbers of entrepreneurs.
“It’s been really cool how involved everyone is with the second space,” Transtrum said. “How supportive everyone is with everyone’s successes. It’s like this self-fulfilling circle of success.”
The new space will hold five times more businesses than the current space on Washington and 11th streets. It will also feature 20 offices for companies that have “outgrown” the frequent-flyer and nest desks.
“One of the things that we noticed is the companies that were here that grew — which is what we want for them — they would grow out of the space and they would no longer have the resources that you typically have when you’re at a co-working space,” Transtrum said. “They weren’t around certain skill sets, that they once could just walk in and throw a rock and find a talented person.”
These offices are enclosed spaces, but the benefits of the co-working environment are all around them.
“I think it’s going to be a good move. I was kind of apprehensive at first,” said entrepreneur Vince Baarson, who has a space in CO+HOOTS. “I love the idea of this particular building that we’re in now because it’s this converted warehouse and it’s awesome. But with that said, I have seen the new space and it still has that awesome vibe to it.”
The new space is expected to be filled, Transtrum said. CO+HOOTS is accepting reservations for businesses and entrepreneurs to move into the new location.
“It will allow us to teach 1,000 kids to code, host 400 community and business education programs and events, support the growth of scaling companies that will add hundreds more local jobs, and turn the Central Corridor into a breeding ground for the Valley’s most talented innovators,” Poon said in a release.
Clarification: Dec. 4: Due to an error during the editing process, a previous version of this article said Jenny Poon was the co-founder of CO+HOOTs. She is the sole founder.
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