Advertisement
  1. News
  2. /
  3. Business

Coworking space Industrious to take over former Ybor AMC theater

This will be Industrious’ second flexible work space location in Tampa.
Gabriel Robles, left, and Cecilia Morales, right, head to the AMC Classic Centro Ybor 10 movie theater a week before it closed in June. [ANGELIQUE HERRING | Times]
Gabriel Robles, left, and Cecilia Morales, right, head to the AMC Classic Centro Ybor 10 movie theater a week before it closed in June. [ANGELIQUE HERRING | Times]
Published Nov. 26, 2019
Updated Nov. 26, 2019

TAMPA — Centro Ybor’s former movie theater will become the second in-town Industrious coworking space, the company announced Tuesday.

Industrious, which has 90 locations nationwide, and investment firm Third Lake Capital’s advisory arm — Third Lake Partners — will together convert the former AMC theater into a 45,000-square-feet flexible working space.

Industrious opened its first Tampa office at the SunTrust Financial Center in 2017.

"The market demand in Tampa for the Industrious product has been strong from the start,” Industrious Florida manager Jen Reilly Kelmer said in a statement. "Ybor City is also home to a budding film and creative industry, which makes it the perfect place for this unique movie theater conversion.”

Kelmer said even after expanding to a second floor in the SunTrust building, it has continued to have a long waiting list. Small startups, other businesses and individual workers use coworking spaces to fill office needs without having to sign rental agreements with landlords or worry about office upkeep.

Related: Centro Ybor movie theater’s last days could mean new mixed-used retail

Centro Ybor, a two-story mixed-used complex at 1600 E 8th Ave., is owned by Third Lake Capital. Third Lake was founded by Ronald Wanek, who also founded Ashley Furniture. The furniture company has its e-commerce headquarters in Centro Ybor, too. It took over the other half of the movie theater space that closed in 2015.

Third Lake will not be leasing the space to the coworking company, but they will operate the property in a partnership. The details of that arrangement were not disclosed.

“The Centro Ybor project will be transformative for Centro Ybor and Ybor City bringing hundreds of additional professionals each day, which will positively impact local businesses," Third Lake Partners chief operating officer Robert Forsythe said in a statement. "We believe Ybor City can be a major cultural, artistic, and professional hub for Tampa.”

Nearby in the Channel District, another former movie theater is going through similar renovations. The new offices, likely to be coworking spaces at Sparkman Wharf will take over the former movie theaters at what was previously called Channelside Bay Plaza. Both projects require construction teams to punch holes in the walls to create windows.

Industrious locations have modern floor plans, with natural light and chic furniture. The company offers members access to conference rooms, phone booths, fully stocked cafes and daily breakfast.

ALSO IN THIS SECTION

  1. Lucky's Market ahead of its St. Petersburg grand opening just two years ago. [Times (2018)]
    Only one Florida Lucky’s Market will remain a Lucky’s. The future of the Tampa Bay locations is still unclear.
  2. [Getty Images] [Getty Images]
    It would probably be good to ask his thoughts, the advice columnist writes.
  3. Renderings by Arquitectonica of the proposed Red Apple Group condo project in St. Petersburg. Courtesy of Arquitectonica [Courtesy of Arquitectonica]
    $300 million. 45 stories. A little closer to existence.
  4. A group of East Lake residents has erected signs protesting a 44-home development proposed by Tarpon Springs developer Pioneer Homes. Tarpon Springs commissioners recently voted to annex the site into the city. [Courtesy of Marc Washburn]
    The action targets a plan to build 44 homes on land between Keystone Road and Highland Avenue, double what was allowed in the East Lake District.
  5. People gather around an auctioneer at the liquidation sale following local bike store Flying Fish Bikes closing [Romy Ellenbogen]
    The liquidation sale was packed with people hoping to get discounted bike gear.
  6. From left, Chris Fowler, Lee Corso and Kirk Herbstreit on College GameDay. [Times]
  7. Pasco County community news [TMCCARTY80  |  Tara McCarty]
    News and notes on Pasco County businesses
  8. Erica Allums poses for a portrait behind the counter at Banyan Cafe in St. Petersburg while she was still the owner. Now, she's in the process of taking over the MLK spot once again. [Times (2018)] [Tampa Bay Times]
    The Central Avenue location will continue to operate as normal.
  9. A for sale sign is seen in front of a home in the Westchase area of Tampa. CHRIS URSO  |  Times (2013)
    And a spike in cash sales suggests investors were active in the market.
  10. Florida's unemployment rate hit a record low in December. (AP Photo/Lynne Sladky, File) [LYNNE SLADKY  |  AP]
    Nearly every major job sector posted gains from a year earlier.
Advertisement
Advertisement
Advertisement