Novel Coworking has purchased a seven-storey, 50,400 sq ft property located at Chicago's 405 W Superior Street in River North, its fifth location in the city. The new space will be home to an office and meeting space, as well as a coffee shop with seating for up to 50 people. The company claims its business model, which does not charge by the desk, appeals to companies seeking space for 10-150 employees, often as they outgrow accommodation at the likes of WeWork and Regus.
Novel Coworking has purchased a seven-storey, 50,400 sq ft property located at Chicago's 405 W Superior Street in River North, its fifth location in the city. Novel, the biggest owner-operator of flexible office space in the US, plans to redevelop the property to provide a range of office formats from co-working desks to private suites. The company claims its business model, which does not charge by the desk, appeals to companies seeking space for 10-150 employees, often as they outgrow accommodation at the likes of WeWork and Regus.