The coworking boom continues in Philly, with the news that Bond Collective, a design-centric workspace company, will set up shop at the top of Suburban Station in spring 2018.
Bond Collective is based out of New York, where it currently has five locations. It recently received $50 million to expand to 30 locations by 2020, and chose Philly as the first city for its expansion.
The coworking space, dubbed Bond Station House, will be located on the top floor of the historic Suburban Station in a 22,000-square-foot space. There will be features like 25-foot-tall ceilings, wrap-around terraces, and views of the skyline and the renovated LOVE Park below.
“Suburban Station will complement Bond Collective’s signature style of relaxed sophistication, with a rich combination of classic fabrics and plush, new age details,” said Bond Collective’s director or design Elide Grabowski in a statement.
Bond Collective touts itself as a coworking venture that offers design- and hospitality-forward features. With the expansion, though, it plans to open not only more coworking spaces, but also hotels, retail stores, and other “destination” concepts.
When Station House opens in April or May of 2018, it will join a long list of other coworking companies that have expanded to Philly in recent years. In fact, a Center City District report from earlier this year found that while coworking spaces only account for 1 percent of the neighborhood’s total office inventory, they made up 13 percent of all leasing activity in 2016.
WeWork now has multiple locations throughout the city, and The Yard recently opened its doors in East Market. Meanwhile, Spaces signed a lease at the Hale Building, also in Center City.