Atlanta Coworking-For-E-Commerce Concept Gets Funds For Expansion

For more than a year, city governments encouraged people to stay home to slow the spread of the coronavirus. 

But that message has shifted, and cities are now pushing to bring people back to offices to help revive their downtown areas, and they see coworking spaces as a way to accelerate that effort. 

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In Case You Missed It...

The early box-office success of the monster mayhem flick Godzilla vs. Kong reinvigorated two of the country’s biggest movie theater chains, AMC and Regal, which had suffered closures and uncertain futures only months earlier due to the coronavirus pandemic. But a chain of premium theaters, ArcLight Cinemas, will not be cashing in. The parent company of the movie house announced on April 12 that after a year of being closed, the theaters would not reopen.

Luxury and premium theaters — the ArcLight, Alamo Drafthouse, Cinépolis — were popping up in mixed-use projects from Washington, D.C., to Boston to Los Angeles. These theaters were selected for large, mixed-use projects where the other components — housing, retail — were also higher-end, experts say.

In developments where these theaters have gone dark, property owners will likely be rushing to find a suitable replacement to recapture the foot traffic these theaters bring to the rest of the project. Despite the disruption of the pandemic, industry watchers anticipate theaters with high-end offerings will continue to be in high demand in mixed-use projects.

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This series delves into the myriad ways people enter the commercial real estate industry and what contributes to their success.

Rajdeep Gahir did not come in to commercial property via the traditional route — a coworking startup you may have heard of was her bridgehead to the sector, and the place where she first experienced the tension between the speed at which things move in commercial real estate and the speed at which startups typically operate. 

That experience naturally segued into establishing her own businesses, in fields as diverse as startup and incubator consultancy business CoCreations, co-living firm Vivahouse and e-commerce platform Wing It Cosmetics. The crash course in real estate risk, intensity and the occasionally harsh nature of the business has served her well. 

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