Bond Collective To Open First California Location
The former Desmond’s department store in Downtown Los Angeles is being transformed into a coworking space.
This new facility on Broadway will be the first California location for Bond Collective, where it will take up five of the seven floors in the building, totaling around 45,000 square feet.
Like many other real estate projects, the pandemic caused much of the Downtown Los Angeles market to halt production and openings.
However, Bond Collective’s cofounder and CEO Shlomo Silber believes that the slowdown in the greater Downtown office market won’t have an impact on the coworking space.
“It’s much more of the startup, entrepreneurial community that’s coming into these spaces,” said Silber. “They’re kind of making their own decisions.”
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He added that the market will likely see a rebound in the coming months, citing other businesses that have opened recently in the area.
Bond Collective’s in-house design team incorporated hospitality-focused amenities. For instance, the new space includes private bathrooms with one shower on each floor to create a truly hospitable atmosphere.
The building also has plans for a restaurant on the roof that will be separate from the coworking space itself.
“Month-over-month, we’re seeing a lot more interest,” said Silber. “It’s not like you open up the valve and everything comes rushing out. It’s more like a nice, steady drip.”
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