The former Modworks location in Upper Downtown Denver’s Petroleum Building will become a Venture X coworking space.

“Talking to a lot of people, I see that a lot of companies aren’t coming back to the office, or if they do it’s a few times a week,” said Paul Sheperd, owner of the new space. “I think a lot of people will be left working at home, and they’ll be looking for a way to be social again.”

John Borst, who owned the Modworks location, said the company was still planning on moving forward with operations despite the challenges the company faced during the pandemic.

“For me it came down to being in the flex workspace industry about seven years, and I was teetering on the edge of wanting to continue in it and rebuild or look for an exit,” said Borst. “This worked out.”

Venture X operates on a franchise model, with this being Sheperd’s first location. However, this is the company’s third space in Denver.

At the moment, Shepherd is working on renovations for the 25,000 square foot space that houses around 45 tenants. But the space already featured some unique aspects, with the 13th floor formerly being a ballroom for the Petroleum Club and the 14th floor having a 360-degree balcony.