Following Workbar’s growth in the greater Boston area, the coworking operator is planning to open a location in Framingham, MA, in June of this year. The new workspace will be located at 111 Speen St. in a building that was acquired for $13 million in April of 2022 by Paradigm Properties and North Colony Asset Management.
Workbar had planned to expand its footprint in the MetroWest part of the Boston region because the area has witnessed significant growth in new apartment developments, as well as retail businesses. The operator’s new coworking space will be its 11th in the country and eighth in the greater Boston area.
Sarah Travers, Workbar’s CEO, said the following: “As one of the fastest-growing and most diverse cities in Massachusetts, we believe Framingham is the perfect choice for Workbar’s 11th location. Following the outstanding success of our Workbar Needham location, we knew that we needed to make the MetroWest region our next priority.”
Workbar has already grown substantially this year, opening branches in different locations and entering a new partnership. According to the Boston Business Journal, the coworking business recently teamed up with Synergy Investments to add short-term lease space to 11 of the landlord’s office buildings located in downtown Boston. Center Plaza, 10 Post Office Square and 10 Franklin St. are among the Synergy locations. Workbar also opened its 10th site in Quincy — a 21,000-square-foot space in a structure owned by Synergy at 100 Hancock St.
In September 2022, Workbar inaugurated a location in Woburn in Unicorn Park. The 22K SF was purchased by National Development. The operator also has other workspaces in Arlington, Burlington, Cambridge, Needham, Norwood and Salem, as well as in 100 other locations around the world.