Fort Worth shared office provider expands to downtown Dallas with building redo
A Fort Worth shared office provider is expanding to Dallas with a new downtown operation.
CoLab Workspace is renovating an old commercial building on Commerce Street on downtown’s east side.
“I bought that building and we have three floors of space,” said CoLab founder Blake Panzino. “We are going to create private offices as well as some co-working space. We have plans for a roof deck.”
The more than 100-year-old building at 2036 Commerce is just off Pearl Street.
Panzino said the narrow brick building once housed Dallas’ first African-American-owned surgery clinic. Over the years the building also housed a refrigeration company and an X-rated movie house.
With about 6,000 square feet, the building is in an area of downtown Dallas poised for a major makeover.
CoLab Workspace, which has been in business since 2012, currently has a location on Carroll Street west of downtown in Fort Worth. At the Fort Worth location, the company offers a mix of private office suites, open workspace and conference rooms.
“I bought that building when I moved from Chicago and had no idea what I was doing,” Panzino said.
Right after his purchase, a major apartment development was announced in the same neighborhood near Fort Worth’s Cultural District.
“I love old, unique buildings,” he said.
Panzino said members at his co-working space in Fort Worth will be able to use the new location in downtown Dallas, too.
The homegrown Fort Worth shared-office firm is just the latest to plant its flag in Dallas’ central business district.
Much larger facilities by national firms including WeWork, Industrious and Serendipity Labs have opened. And Dallas-based Common Desk has also grown its footprint in the nearby Deep Ellum district.
Shared office companies now have more than 1 million square feet of office space in the Dallas-Fort Worth area, according to a study by commercial property firm Cushman & Wakefield.
The more than 100-year-old Commerce Street building originally housed an African-Amercian-owned medical clinic.