News Summary
A trendy coworking space is being developed in the historic UICA building in downtown Grand Rapids by Bamboo Cowork. Set to open in fall 2025, it will feature 45 private offices, eight conference rooms, a spacious mezzanine event space, and a large outdoor patio, all while preserving the building’s historic features. This venture aims to foster entrepreneurship and community resources, with plans for a nonprofit incubator. Public hearings are planned, and parking solutions are being discussed to support the project.
Exciting New Coworking Space Coming to Grand Rapids!
Grand Rapids is in for a treat as a trendy new coworking space is all set to breathe life into the historic former Urban Institute for Contemporary Arts (UICA) building! Nestled in the heart of downtown, this exciting project by Bamboo Cowork is aiming to open its doors this fall, transforming the iconic structure located at 2 Fulton St., right at the corner of Division Avenue.
A Hub for Entrepreneurs
Bamboo Cowork, renowned for its vibrant workspaces, already boasts successful coworking locations in Detroit, Ann Arbor, and Royal Oak. With this new venture, they aim to turn this prime downtown property into a bustling hub for entrepreneurship. The revamped space will include an impressive 45 private offices and eight conference rooms, providing ample room for both freelancers and teams alike.
What’s more, the plans also feature a spacious 2,600-square-foot mezzanine event space and a whopping 4,000-square-foot outdoor patio for hosting events. Just imagine sunny networking sessions or cozy gatherings against the backdrop of Grand Rapids’ beautiful skyline!
Preserving History
One of the most remarkable aspects of this transformation is Bamboo’s commitment to keeping the building’s historic features intact. The original movie theater space will be preserved, adding a unique charm that’ll surely attract creatives and entrepreneurs from all over.
Looking Ahead
The renovation is no small feat, especially given that the building has not seen many updates in recent years and will require significant interior work due to its awkward layout and high ceilings. That said, the initial phase is expected to welcome members by September 2025, with Bamboo estimating a vibrant community of 400 to 500 members!
Expanding Community Resources
The excitement doesn’t stop there! Plans include a possibility of anchoring the building with a nonprofit incubator, emphasizing the focus on supporting small businesses and budding entrepreneurs. It’s clear that there is a strong desire in the community for a resource-filled space that fosters creativity and collaboration.
Parking and Public Hearings
For those curious about parking, it’s worth noting that while parking isn’t included in the sale, Bamboo is in talks to acquire 50 city-owned parking spaces right next to the building, which would alleviate any parking concerns. And as a pointer for the local citizens, the Grand Rapids City Commission will be holding public hearings regarding the project, allowing residents to express their thoughts about this exciting update to their neighborhood.
A Nod to the Future
The former UICA building has waited patiently for a breath of fresh air since it became vacant during the pandemic and officially shut down its operations in 2023. Listed for $5.4 million, the property is now pending sale, further confirming the buzz surrounding this redevelopment.
With a proposed budget of $3.1 million for renovations, this project is on track to revitalize not only a historic building but also to enrich the Grand Rapids community. Fortunately, there are no environmental concerns with the property, and city staff is enthusiastically recommending a 12-year tax exemption to support Bamboo’s renovation project efforts.
Get Ready!
In summary, the transformation of the UICA building into a vibrant coworking space by Bamboo Cowork is a move not just for the company but for Grand Rapids as a whole. As we gear up for the grand opening, there’s a palpable sense of anticipation in the air. Community members and entrepreneurs alike can look forward to a thriving workspace that enhances connectivity, creativity, and collaboration right in the heart of downtown. Here’s to new beginnings in Grand Rapids!
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Additional Resources
- Wood TV: Detroit-based coworking company working to buy UICA building in downtown GR
- Crain’s Grand Rapids: Former UICA building eyed for coworking space by Detroit-based firm
- MLive: Vacant UICA building in Grand Rapids could be turned into co-working space
- Crain’s Detroit: IWG adds 7 more locations in Metro Detroit
- Encyclopedia Britannica: Coworking Spaces
