National workspace provider Novel Coworking announced plans to acquire 1122 Lady Street and expand their business to downtown Columbia in the 12-story building at the corner of Main and Lady street.
As the first footprint in South Carolina, this location will allow local business owners and entrepreneurs to scale up their businesses quickly and invest more in product and service development.
Bill Bennett founded Novel Coworking in September 2013 and decided to use his expertise in niche real estate to create budget-friendly, amenity-rich office space to help small businesses thrive.
Columbia’s Novel Coworking Office will feature a mixture of private and collaborative working spaces with high-speed internet, modern furnishings and amenities including an espresso bar, local beer on tap, and community events. Members will also have access to any of Novel’s other 35 workspaces across the country. Bennett said he expects 500 to 1,000 people to eventually work inside the Novel building.
About the City of Columbia Office of Economic Development
As the leading economic development agency for the City of Columbia, the office focuses on recruitment of new business, retention and expansion of existing industry, and support of job growth through entrepreneurship and innovation. Columbia, South Carolina is one of the fastest growing cities in the Southeast and an ideal place for commercial development. With a world class workforce, high quality of life, low cost corporate environment, and an extensive transportation infrastructure, Columbia is positioned to assist companies in gaining the competitive edge in the global marketplace.
For more information about the Office of Economic Development, click here.