Palmetto Bay

Co-working in Palmetto Bay? It’s coming soon

Palmetto Bay will get its first co-working location in 2020. Venture X will remodel an existing office to include modern furnishings, mirroring the style of their other five locations like this one in Palm Beach Gardens.
Palmetto Bay will get its first co-working location in 2020. Venture X will remodel an existing office to include modern furnishings, mirroring the style of their other five locations like this one in Palm Beach Gardens. Venture X

Miami-Dade already has more co-working spaces than any other U.S. city. Thursday, Venture X announced it is bringing yet another one — but to the co-working desert of Palmetto Bay.

Venture X announced plans to open its second location in Miami-Dade County in summer 2020.

Venture X announced plans to enter the Miami area last year with a location in Doral, as reported by the South Florida Business Journal. The 14,076-square-foot space, at 8350 NW 52nd Terrace, opened this year.

The Palmetto Bay space, at 9555 SW 175th Terrace, will be the neighborhood’s first co-working location, according to the Palmetto Bay Chamber of Commerce. The closest shared office spaces available now are in South Miami.

Venture X’s Palmetto Bay co-working space will be located in a building belonging to Sin Man King, who purchased the site for $2 million in 2004. King and her children — Kitty, Quenni, and Koby — bought the Venture X franchise and will manage operations at the 16,000-square-foot facility.

“Residents of Palmetto Bay and its vicinity will greatly benefit from this new Venture X location,” Quenni said in a release. “With the current boom in multifamily housing and economic development in Palmetto Bay, our facility will offer local professionals a welcome space for networking, business planning, and interactions with other entrepreneurs and business-minded people.”

Headquartered in West Palm Beach, Venture X is part of United Franchise Group, which is aiming to become the world’s third-largest co-working facilitator by winter 2022. The 30-plus-year-old company has 1,600 franchises across 80 countries. This will be Venture X’s sixth location since launching in Naples in 2012.

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Rebecca San Juan writes about the real estate industry, covering news about industrial, commercial, office projects, construction contracts and the intersection of real estate and law for industry professionals. She studied at Mount Holyoke College and is proud to be reporting on her hometown.
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