A co-working innovation space is coming to Wake Forest Innovation Quarter.
Flywheel, a new venture formed by three locally owned companies, has signed a lease with Wexford Science & Technology to occupy approximately 11,585 square feet in the 525@Vine building in the Innovation Quarter.
Flywheel will offer independent professionals, entrepreneurs and innovators flexible short- and long-term memberships that will give them access to a casual, contemporary environment featuring open and enclosed work spaces, conference rooms, support services and other amenities. Scheduled to launch in June, Flywheel will be open 24 hours a day, seven days a week.
“Co-working is a national trend that’s taking hold, especially in urban markets,” said Peter Marsh, vice president of Workplace Strategies Inc., a Flywheel partner firm along with Storr Office Environments Inc. and Wildfire, LLC. “We are excited to bring this concept to life in Winston-Salem. We are creating a knowledge-sharing environment driven by innovation, not just a place for people to work.”
By the end of this year, Flywheel will be sharing 525@Vine with Wake Forest Baptist Medical Center’s Division of Public Health Sciences and Physician Assistant Program, Forsyth Technical Community College’s Center for Emerging Technologies and an express branch of the YMCA of Northwest North Carolina. The building, a former R.J. Reynolds Tobacco Co. facility, has been renovated and revitalized by its owner, Wexford Science & Technology, a BioMed Realty company.
“Flywheel represents an ideal addition to the Innovation Quarter,” said Eric Tomlinson, president of Wake Forest Innovation Quarter. “It’s an imaginative concept, and I’m confident that its members will enjoy both the space and interacting with the wide range of people who work, learn, live and play here.”