By this time next time next year, the iconic Art Deco-style building on Martin Street that’s home to the restaurant Capital Club 16 will have a new tenant on its top floors.
HQ Raleigh—an entrepreneurial co-working community launched in the Warehouse District in 2012—plans to upfit floors eight through twelve to make way for flexible workspace that includes suites with shared conference rooms, design-forward furniture, a cafe, bar, and lounge. The goal, according to an HQ statement, is to “revive the building’s former lustre while adding modern touches that appeal to today’s innovation economy.”
“Capital Club gives us an opportunity to address our growing demand for both suites and event space in one of Raleigh’s most iconic buildings,” says Jason Widen, a founding partner of the HQ Community. “Moreover, Capital Club presents an opportunity to accommodate larger teams, all aligned with our mission to support the scale-up of high-impact, high-growth companies in Raleigh.”
HQ Raleigh opened four years ago in the 15,000-square-foot building at 310 South Harrington Street, which has essentially been at capacity from the start. Shortly thereafter, HQ took over a 5,000 square-foot space across the street. Running parallel with the Capital Club project, which is expected to begin in January, HQ Raleigh will break ground on a 25,000 square-foot facility near the Harrington Street spot.
“Because the entrepreneurial community in Raleigh is growing so rapidly, we are responding to demand,” explains Ilina Ewen, an HQ Raleigh spokesperson.
The community has nearly 200 members, including tech upstarts like WedPics and Vaporware, Inc., charitable groups such as Headbands of Hope and Me Fine Foundation, and other local small businesses and entrepreneurs. This move lets such companies grow with HQ Raleigh, not move out of the community that helped incubate them.
“We want to consider the evolution of a company needing co-working space up to a full team of people,” Ewen says. “We will be able to accommodate the change in scale with the growth we have seen and keep companies on as HQ members and as mentors.”
The crown jewel of the Capital Club space, Ewen says, will be its twelfth-floor lounge, which will be fully restored to its original Art Deco-style iteration. Open to HQ members and non-members alike, the lounge will serve as an event space for corporate meetings and board retreats or catered events for up to 200 people.
“The addition of HQ as a marquee tenant will enhance the building’s rich character while adding value to the community,” HQ’s statement reads.
HQ expects to be in the building by mid-2017.
(Top image from Facebook)