CROWN HEIGHTS — A San Francisco-based co-working company plans to set up shop in Crown Heights this winter, the company announced this week.
Vault, founded in 2014, signed a 10-year lease for 20,000 square feet on the ground floor of 1000 Dean St. — a former Studebaker service station renovated into office space in 2013 — said broker Chris Havens Citi Habitats.
The deal makes Vault the biggest tenant in the building, Havens said. The co-working company is taking the space formerly used by the Brooklyn Flea during last year’s winter season, he said.
Vault hopes to open the new space in 2016 for “Brooklyn’s ever-growing class of startups, entrepreneurs and makers,” according to the company’s announcement of the new site. The new shared office will include a 4,000-square-foot event space, 3D printing room, game room and a built-in bar for happy hours.
The new Vault office is one of several co-working spaces that have opened or are opening soon in the area. Several blocks west of 1000 Dean St., the co-working company Industrious is close to opening a new 18,800-square-foot office at 594 Dean St. between Vanderbilt and Carlton avenues.
And across the street from Vault’s future home, Work and Co. operates an eight-person co-working space at 1037 Dean St. where demand was so high, owner Sam Strauss-Malcolm said, he is planning to open a second location with more than double the desk space on Franklin Avenue between St. Marks Avenue and Bergen Street.
The Vault team said they wanted to come to Crown Heights to offer a service lacking in the area.
"We think there's a tremendous demand in these neighborhoods for this kind of space that has not been filled," co-founder Sanjay Mody told Crain's New York which first reported on the project.
For more information about the new Vault office, visit the company’s website.
