Venture X established its presence in Texas with the opening of its first co-working space for businesses and professionals in northern San Antonio Thursday.
The 20,000-square-foot space opened in a new two-story building in bustling Stone Oak at 18911 Hardy Oak Blvd. It already has about 5,000 to 6,000 sq. ft. booked, according to Venture X Community Coordinator Estelle Rodriguez.
“Each of the two floors has 10,000 square feet of office space,” she said. “The second floor has about 5,000 unfinished square feet to accommodate future demand.”
Venture X offers shared workspaces and private offices, as well as virtual offices. Their modern workspace designs feature a variety of bright office spaces in various configurations, almost all filled with natural light pouring in through large windows. Key services and amenities include high-tech meeting rooms, high-speed internet with the ability to increase bandwidth as needed, 24/7 keycard access, networking events, a dedicated hospitality staff, and member discounts.
A café and lounge also will be available, and members can easily access a variety of outdoor seating areas and patios to collaborate or work outside.
Membership plans start from $40/month and vary based on needs. More information on membership plans can be found here.
Members may use other Venture X locations and services when traveling across the U.S. and abroad. The company is expected to grow to more than 40 domestic locations by the end of 2017. Venture X recently opened its first international location in Canada, and it’s projected to expand in Australia in the near future.
In Texas, the company is planning to open additional locations in Brownsville, Harlingen, multiple spots in the greater Dallas area, Austin, and Houston. Michelle Solis, Venture X San Antonio business manager, said there could be more in San Antonio in the future.
The variety of office space configurations and amenities like free and ample parking will appeal to a broad spectrum of professionals. From entrepreneurs launching their small brands to larger companies seeking a flexible work environment, Venture X is targeting the broad spectrum of innovative, creative professionals.
“While office sharing is not a new concept, Venture X prides itself on offering a more upscale environment with modern office spaces that are inspired by boutique hotels, and rates and membership plans that are reasonably priced,” Solis said.
Venture X was founded by father and son David and Brett Diamond and opened the first location in 2012 in Naples, Fla. Once the Venture X concept in Florida proved successful, Brett and David expanded their concept to other entrepreneurs and major cities across the nation. In 2016, they partnered with Ray Titus and his United Franchise Group, a company that is responsible for some of the franchise industry’s top-ranked, award-winning brands.
David was present for the Venture X San Antonio ribbon cutting, along with representatives from Councilman Ron Nirenberg (D8)’s office, the City’s Economic Development Department, the San Antonio Economic Development Foundation, the San Antonio Hispanic Chamber of Commerce, and the North San Antonio Chamber of Commerce.
“We’re interested in creating a place and a community where people love to come to work every day,” Diamond said. “We’re here to be a part of your community as well.”
By 2020, the Bureau of Labor Statistics estimates that 40% of the workforce will need workspaces outside of the home. As crowded, noisy coffee shops and lunch spots become less of a viable option for people seeking a spot to work, co-working spaces are emerging as the new trend, as both corporate employees and creative entrepreneurs alike seek flexible work spaces with the amenities of a traditional office.
“It is anticipated that San Antonio will see its share of development from new or growing business endeavors that will be emerging into the city in the coming years,” Solis said. “Venture X is prepared to help those who are contributing to these developments.”