Austin-based real estate mogul Nate Paul has launched his new coworking venture, NowSpace LLC.
World Class Capital Group LLC, Paul’s real estate investment firm, currently owns 12 properties totaling 1.2 million square feet in Austin that is plans to use for NowSpace’s new flexible workspace locations.
The first NowSpace space in Austin is set to open April 1 and the company expects to double its locations over the next 12 months.
Now, the firm boasts that it is “the largest flexible space provider in Austin” by having the 12 locations on deck. Currently, WeWork operates five coworking spaces in the city, with a sixth on the way.
“We can accommodate companies with one person to 10,000 people,” said Paul. “We have a sound, long-term business plan, which puts us in a different category than other flexible space/coworking groups that have attempted to expand in our market.”
NowSpace locations will offer coworking space, private offices, customized headquarters and corporate campuses. It will also feature high-speed internet, private phone booths, beer on tap, bike storage, and more.