A new co-working space will open in Tampa’s Channel District in September. Located at 114 South 12th Street, Factory 114 will offer a place for business professionals to work and connect in the burgeoning neighborhood.
After recently completing a business accelerator program, Factory 114 founder Andre Hampton began searching for a location for his financial services company, Streams Capital. Hampton, who has a background in life annuity and real estate, recognized that a networking hub was important for success in the industry.
“Based on struggles I had going through my early career…I knew this was something very valuable that we could bring to folks in the professional services industry,” he said.
Factory 114 will feature more than 30 fixed workstations and floating desks to accommodate about 100 people in the 7,200-square-foot space. Total membership will cap out around 300.
Members will have access to WiFi, printers, a VPN, coffee bar, and reduced rates for parking at a nearby Port Tampa Bay garage.
Factory 114 is targeting entrepreneurs and industry professionals who are “doing well but want to do better,” Hampton says. “Maybe they’re making $50,000 to $100,000 but want to make $200,000 to $300,000.” He added that tech companies, millennials, and self-employed people in other professions are also welcome.
Floating desks will be available for $114 per month for business hours or $199 per month with 24/7 access. Fixed desks will start at $280.
Factory 114’s soft opening will be on September 1 with a Channelside Social kick-off event scheduled for September 20.
Channel District has recently become a hub of new development. The $3 billion Water Street Tampa development has encouraged new investment in the neighborhood, including the mixed-used Sparkman Wharf, which will be converted from the current Channelside Bay Plaza.