Novel Coworking Purchases Buildings In Miami And Phoenix

Novel Coworking recently purchased the Edgewater building in Miami and The Heard Building in Phoenix to expand its workspace portfolio

Coworking company Novel Coworking is expanding into Miami, its third Florida location, with the purchase of 2125 Biscayne Blvd.  The Chicago-based company acquired the Edgewater building on June 13. The company is also opening a second Phoenix location with the purchase of The Heard Building at 112 N. Central Ave. Both buildings will be renovated to provide modern and affordable workspace. Pre-leasing is already underway in both locations for private offices, SmartSuites™, and coworking memberships.

By purchasing the buildings where it operates, Novel Coworking is able to invest in infrastructure improvements including fiber internet and custom-built suites for up to 500-person teams, all while keeping pricing lower than competitors.

Speaking about the Edgewater and The Heard Buildings, Bill Bennet, Founder of Novel Coworking commented:

“With our first location in Orlando opening this September, we’re excited to further our offerings in Florida for entrepreneurs and small business owners as well as enterprise companies,” said Bill Bennett, Founder of Novel Coworking. “We are drawn by Miami’s explosive small business and population growth,” said Bennett. “With its central location, population density and access to amazing nearby amenities, Edgewater is the perfect place for Novel Coworking to be able serve a diverse mix of entrepreneurs and business owners.”

“With our first location in Phoenix already fully occupied within two months of opening, we’re excited to further our offerings in the city for entrepreneurs and small business owners, as well as enterprise companies,” said Bill Bennett, Founder of Novel Coworking. “We are drawn by Phoenix’s supportive environment for small business,” said Bennett. “The city’s phenomenal growth in recent years, particularly along the Central Ave. corridor, makes it the perfect place for Novel Coworking to serve a diverse mix of entrepreneurs and business owners.”

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Novel Coworking’s members get 24/7 building access, a vibrant coworking lounge, direct fiber internet, all utilities, an espresso bar, local beer on tap, modern furnishings, and community events included in rent. With coworking memberships starting at $129 a month, private offices starting at $575 a month, and office suites as low as $449 per employee a month, Novel Coworking provides small businesses, enterprise firms, and entrepreneurs with high-caliber amenities at an affordable price.

About Novel Coworking

Novel Coworking provides fully-furnished, technology-equipped, and affordable workspace to small businesses, entrepreneurs, and enterprise companies. Novel Coworking members have access to more than 2.5 million square feet of workspace in 33 locations including Alexandria, Boulder, Charlotte, Chicago, Cincinnati, Dallas, Denver, Houston, Indianapolis, Jacksonville, Kansas City, Madison, Miami, Milwaukee, Minneapolis, Nashville, Norfolk, Orlando, Phoenix, Pittsburgh, Richmond, San Diego, San Jose, Savannah, and Seattle. For more information, please visit novelcoworking.com.

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