Austin real estate tycoon Nate Paul is the latest property developer to enter the co - workspace sector . He is the founder of World Class Capital Group , which owns 12 properties in Austin that it plans to turn over to its new venture NowSpace . The company is converting the properties , which provide 1.2 million sq ft of office space , and plans to open the first centre in early 2018 . Over the next 12 months , it aims to at least double the number of NowSpace locations in Austin to more than 24 , and will reveal details of locations outside of Austin over the coming months as it seeks to establish a national footprint .
Austin real estate tycoon Nate Paul is the latest property developer to enter the co-workspace sector. Paul is the founder of World Class Capital Group, which owns 12 properties in Austin that it plans to turn over to its new venture NowSpace. The company is converting the properties, which provide 1.2 million sq ft of office space, and plans to open the first centre in early April. Over the next 12 months, Paul aims to at least double the number of NowSpace locations in Austin to more than 24, and will reveal details of locations outside of Austin over the coming months as it seeks to establish a national footprint.