Repost from Dallas Business Journal:
Jan 2, 2015
Staff Writer- Dallas Business Journal
The Foundry currently occupies about 12,000 square feet of space at Mockingbird Station. The space includes coworking space, offices and conference rooms.
The Foundry Club is amid a major expansion as it grows its footprint by more than 50 percent and negotiates deals that would add new locations to its portfolio.
“We’re about being a catalyst and providing the atmosphere, community and building a culture,” said Barry Capece, CEO of The Foundry Club.
The club, which offers coworking space, executive offices and resources for entrepreneurs, plans to add 6,000 square feet to its Mockingbird Station location on June 1.
The club now occupies 12,000 square feet at the mixed-use development, where it serves about 100 businesses as part of its membership.
But the expansion at Mockingbird Station is just one of several upcoming announcements cofounders Jim Winblood and Capece plan to make in upcoming months.
They are negotiating three locations in the downtown Dallas area. Two of the spaces are expected to be located relatively close to each other and would total about 20,000 square feet. The other space, located in Deep Ellum, is expected to range between 9,000 and 12,000 square feet and focus on serving technology startups.
Current club members are mostly more established companies. But Capece and Winblood said with these upcoming announcements, they expect the demographic to change and include more early stage startups.
The two expect the Deep Ellum deal to close in January, with the space opening not long afterwards. The downtown property negotiations are expected to wrap up in the first three months of 2015.
But development won’t end there. The two have other projects in the pipeline that will be announced later. They also are working on boosting their resources for entrepreneurs.
“We’re going to be developing programming that is the heart and soul of the community to help entrepreneurs on their journey,” Winblood said. “We’re planning things like education and networking opportunities to tap into the local business community for mentorship, capital, etc.”