The latest entrant in the Richmond coworking scene is open for business downtown.
Novel Coworking, a Chicago-based chain formerly known as Level Office, opened last week at 11 S. 12th St. in Shockoe Slip. It’s the first national coworking brand to come to Richmond.
The company purchased the five-story building for $4.6 million late last year and poured around $1.5 million into renovations.
Founder Bill Bennett said the company rebranded from Level Office this summer to better distinguish itself as a coworking space.
The Richmond location features shared work areas, a kitchen and coffee bar, private offices of varying sizes and conference rooms. Novel currently occupies the first and third floors of the building, with plans to take the remaining three levels in the future.
Memberships at Novel start at $100 per month for coworking access and $450 per month for private offices, offering month-to-month or one-year contracts.
The company has 23 locations across the country, with plans to add more. Bennett said that Novel purchases all of the buildings in which it has locations.
As Novel opens its doors, local coworking company Gather has its new downtown location under construction at 309-315 E. Broad St.