Seritage Growth Properties And Industrious Announce Partnership At Esplanade At Aventura

Published on October 1, 2019 - By Cecilia Amador de San José

• Flexible workspace operator Industrious has partnered with Seritage Growth Properties. 
• The partnership will see Industrious open five locations in Seritage properties.
• Industrious will take up around 30,000 square feet in Seritage’s development, Esplanade at Aventura, FL.

Miami, FL (October 1, 2019) –Seritage Growth Properties, a national retail and mixed-use developer, today announced its continuing partnership with premium flexible workspace provider Industrious, for a new location at Esplanade at Aventura, South Florida’s highly anticipated open-air shopping, dining and entertainment destination.  Industrious will occupy nearly 30,000 square-feet in Aventura, FL, as part of an initial partnership for five locations between Seritage and Industrious.

“Esplanade at Aventura is a best-in-class mixed-use environment and a desirable workplace destination,” said Justin Stewart, president and co-founder of Industrious. “We’re proud to be announcing our partnership with Seritage Growth Properties and look forward to providing the South Florida community with an unparalleled workplace experience.”

Industrious Esplanade at Aventura will feature shared workplaces and private offices for teams of various sizes.  Known for its professional atmosphere, Industrious offers its members thoughtfully-designed workspaces intended to increase productivity; all-inclusive amenities including Wi-Fi, a fully-stocked cafe with breakfast served daily, and networking events and programming; and access to its vast national network.  The location is expected to be open for business in Q2 2020.

“We are excited to announce our partnership with Industrious at the Esplanade at Aventura and believe that their unique flexible workspace offering is the perfect addition to our best-in-class dining, entertainment and retail concepts,” said Benjamin Schall, President and Chief Executive Officer of Seritage Growth Properties. “In addition to our first five projects with Industrious, we look forward to identifying additional opportunities to bring Industrious to our premier mixed-use developments.”

Esplanade at Aventura is designed by SB Architects, the Rockwell Group, and Wet Design, and will include among its dining and entertainment collection: The Loyal, by Michelin-starred chef John Fraser; Jarana, by Peruvian culinary ambassador, Chef Gaston Acurio, in addition to, Joey Restaurant, and Pinstripes, an experiential entertainment concept with bowling and bocce. 

As part of the partnership, Seritage and Industrious previously announced plans for a location at The Collection at UTC in La Jolla, CA.  Around the country, past and present Industrious members include: Compass, Heineken, Humana, Lyft, Pandora, Pinterest, and Zillow. Industrious currently has over 85 locations across more than 45 U.S. cities. 

ABOUT SERITAGE GROWTH PROPERTIES 

Seritage Growth Properties is a publicly-traded, self-administered and self-managed REIT with 194 wholly-owned properties and 27 joint venture properties totaling approximately 35.1 million square feet of space across 45 states and Puerto Rico. The Company was formed to unlock the underlying real estate value of a high-quality retail portfolio it acquired from Sears Holdings in July 2015. Pursuant to a master lease, the Company has the right to recapture certain space from the successor to Sears Holdings for retenanting or redevelopment purposes. The Company’s mission is to create and own revitalized shopping, dining, entertainment and mixed-use destinations that provide enriched experiences for consumers and local communities and create long-term value for our shareholders. The Company is headquartered in New York, NY. For more information, please visit https://www.seritage.com/

ABOUT INDUSTRIOUS

Industrious is the largest premium flexible workspace provider in the U.S. with over 85      locations in more than 45 U.S. cities. Its Workplace Experience platform, which pairs thoughtfully-designed spaces with hospitality-driven services and amenities, has reshaped the concept of coworking into a scalable solution for companies of all sizes and stages. Since its founding in 2013, Industrious has helped thousands of companies scale their businesses while maintaining the highest NPS scores in the industry. For more information, visit www.industriousoffice.com.