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Coworking Options Headed To Midway's CityCentre And GreenStreet

Houston Office
GreenStreet, a development by Midway in partnership with Lionstone Investments, in Downtown Houston

Coworking is on the fast track of expansion in Houston, something industry leaders have been expecting. As the office market recovers, the city appears to have become more appealing to alternative workplace operators and many are expanding or breaking into the market.

Spaces, with two new locations, is the latest flexible workspace company expanding its Houston footprint. 

"Houston is a vibrant city with a global business hub and an entrepreneurial attitude," said Michael Berretta, the vice president of network development for IWG, which owns Spaces. "Spaces gives Houston's talent pool an inspiring place to work and meet with other people who believe in the power of collaboration to drive a business forward." 

The Amsterdam-based company inked a 63K SF lease at GreenStreet in Downtown and 60K SF at CityCentre in West Houston. 

The GreenStreet location will serve as a launchpad for innovative, nimble and collaborative companies seeking to take advantage of Houston's emerging Innovation District, Lionstone Investments Vice President Fernando Urrutia said in a release. Fast-growth companies seek the flexibility and collaborative environment curated at Spaces, he said. 

The Innovation District is a 4-mile district from Downtown to the Texas Medical Center. Last week, Rice University revealed design plans for the former Sears building, dubbed The Ion, which will anchor the district. GreenStreet signed an office lease with MassChallenge, a startup accelerator program. 

Spaces GreenStreet, situated within a mixed-use redevelopment transforming into an urban lifestyle district, will offer collaborative areas, team rooms, coworking space, phone booths, meeting rooms, fully furnished private offices and a 3K SF rooftop patio.

Members will have access to an outdoor community along with various restaurants, shops, local art installations and other Downtown events. The property is connected to Hotel Alessandra and the House of Blues concert hall.

CityCentre in west Houston

Spaces CityCentre will seek to serve the growing number of companies at the intersection of energy and technology in the Energy Corridor, Midway Vice President Chris Seckinger said in the release.  

The workspace will be in the CityCentre One office building. Members will have quick access to restaurants, fitness, offices, residences and green space. Life Time Inc. announced in November plans to open a coworking option in CityCentre as well. 

Spaces entered the Houston market at another Midway development, Kirby Grove, in 2017. Members have access to a global network of more than 3,300 flexible workspace locations. 

CBRE's Mike Cleary, Kevin Saxe and Kevin Kushner represented the tenant. Colvill Office Properties' Damon Thames, Connor Saxe and Vince Strake represented GreenStreet. Colvill Office Properties' Michael Anderson and  Saxe represented CityCentre.