The office market for growing companies appears to be expanding beyond traditional office markets such as Back Bay, Seaport and Financial District to Fenway. This is due to Samuels & Associates offering what companies want and need; cool creative space without a long term lease. New formed and funded companies are in most cases unable to make long term lease commitments, Hatch Fenway is designed to bright that gap between shared space and direct space.
One example of this is documented on the BBJ:
Software startup Appcues has moved from Cambridge to a 2,100-square-foot office at Hatch Fenway, the startup space created by real estate developerSamuels & Associates this summer…the company started out in WeWork co-working space before moving to 300 square feet at 25 First St. in Cambridge. Late last year, the company raised $1.2 million in seed funding from Atlas Ventures and other investors…The company needed space to grow and had looked all over: Downtown Crossing, the Leather District, Kendall Square, Lechmere, Cambridge, the Seaport’s Innovation District. But Kendall Square has become “so office park-y,” Kim said.
“We like getting out of the office and going to interesting places,” he said. “The Fenway just has such a diverse array of restaurants, a movie theater right downstairs. Everything is convenient.”
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