News

August 15, 2019

Venture X Fast Tracks Development with Continued Expansion in North Carolina

WEST PALM BEACH, FL, August 14, 2019 /24-7PressRelease/ -- Venture X is a leader in the design of beautiful, shared office spaces that blends boutique hotel amenities and modern office styles for an optimal level of design, comfort, and functionality. As Venture X continues its expansion into North Carolina, construction is underway for a new 21,773-square-foot facility in Durham's Frontier Research Triangle Park (RTP) located at 600 Park Offices Drive.

"Durham is comprised of entrepreneurial minds," said franchise owner Tyler Evans. "Our market research confirmed that with such a high demand, there was a need for our model: a flexible, Class A, professional workspace that creates a community-driven culture without a long-term lease." 

Venture X Durham- Frontier-RTP offerings include flexible office space, furnished with a full line of custom-built Herman Miller furniture, and unlimited locally sourced coffee. The space also houses a fully furnished wellness room specifically designed for new working mothers or for those in need of a private space to tend to other personal health needs.

"As a franchisee, our core values center around innovation and excellence with a focus on the member experience. The unique RTP community has allowed us to create a space encompassing all three values," said Evans. 

In addition to Venture X's immediate benefits, tenants will also have the convenience of The Boxyard, a micro-retail hub also under development at the RTP, that will not only provide shopping and dining experiences, but also serve as place for innovative minds to meet, connect, and unwind. 

"Shared workspaces create collaborative environments that cater to the various types of professionals Venture X attracts," said Jason Anderson, President of Venture X. "Our brand continues to evolve as we assess and meet the needs of our tenants and our surrounding communities." 

Construction of the new shared office space, which will occupy the entire third floor of Frontier RTP's 600 building, is the brand's second location in North Carolina. The landlord for the new shared office space is Davis 54, LLC and brokering the project is Cushman & Wakefield

Earlier this year, it was announced that construction is underway for a new Venture X facility to serve the Ballantyne-Toringdon area.

Venture X, a brand of the United Franchise Group, is inspired by boutique hospitality brands where relationships, consistent quality, and value-added offerings are the cornerstones of success. The brand's "best-in-class" working environment is appealing to corporate clients and professionals of all levels because of its enjoyable, friendly atmosphere founded on positive energy and interaction. Venture X membership is diverse, ranging from entrepreneurs, creative professionals, and freelancers, to remote workers, employees of startups, non-profits, small businesses, and teams from Fortune 500 companies. 

"We are proud to add to the city's progress and look forward to a long-time relationship with the Frontier campus, Durham County, the RTP community, and all surrounding businessmen and businesswomen as they seek to grow personally and professionally," added Evans. 

Pre-opening incentives and facility tours will be available for potential members and brokers prior to the projected opening early 2020. Additional details on workspace options and services are available at venturex.com/plans.

About Venture X
Venture X is a membership-based, shared workspace and community that is a blend of boutique hotel and modern office styles with a high level of design that feels professional and welcoming. It is designing beautiful spaces and developing an environment and community that people love coming to work to every day. Venture X is a member of United Franchise Group, a group of affiliated companies and brands, and has been recognized by Inc. as one of the best co-working spaces in the United States. The brand anticipates being the third largest coworking space in the word by the end of 2022. For more information about locations, visit venturex.com, and for information about franchise opportunities, visit venturexfranchise.com.

About United Franchise Group
Led by CEO Ray Titus, United Franchise Group is home to a variety of internationally recognized brands including Signarama, Fully Promoted, Experimax, Venture X, Jon Smith Subs, SuperGreen Solutions, Transworld Business Advisors, Accurate Franchising, Network Lead Exchange, and the Great Greek Mediterranean Grill. With more than three decades in the franchising industry, and 1,600 franchises in 80 countries throughout the world, United Franchise Group offers unprecedented leadership and solid business opportunities for entrepreneurs.