Westport Commons, once a bustling hub for entrepreneurs and freelancers, will close its doors on February 29 due to a severe decline in demand resulting from the COVID-19 pandemic. The space, founded by Gerald Smith, had been a pillar of support for many small businesses, but with the rise of remote working, it suffered substantial losses. “This was a difficult decision”, Smith said, “but we had to consider our long-term financial stability”.
Despite this setback, the legacy of Westport Commons, known for fostering innovation and collaboration, will remain intact. Even though the future of coworking spaces such as Westport Commons in a post-pandemic world remains unclear, their environmental impact is undeniable.
After its closure, Westport Commons will undergo a $250 million redevelopment, operated by HP Development Partners. The space will be rebranded as The Offices at Park 39, ensuring the honour of existing leases. Andrew Brain from Sustainable Development Partners and Chip Walsh from Mercier Street are driving this move forward, despite ongoing leasing renewal issues and escalating property taxes. They remain optimistic about their new venture’s future success, promising a comprehensive plan addressing issues and promoting sustainable development.
The Offices at Park 39 aim to enhance the existing offerings of Westport, improving conferencing rooms, digital infrastructure, front desk services, and outdoor spaces. Emphasis will be put on sustainable development with eco-friendly measures such as energy-efficient systems and waste reduction measures. The idea is to adapt the workspace to evolving office requirements and push the boundaries of a modern office environment.
After struggling to recover due to the pandemic, Westport will incorporate traditional leasing procedures to fill obsolete units. The initiative aims to increase tenant occupancy rates, boost the local economy, and rehabilitate the local market. Existing companies will be given priority to retain their offices, while support will be provided for those transitioning to different locations. Brain Group plans to fill vacant spots through collaborations with brokers or direct negotiations with clients.
