Serendipity’s proposed building on Jetton Extension

Aug. 23. By Dave Yochum. A good-looking building planned for Jetton Road Extension opposite the former Aquesta building may signal the future of post-COVID office space.

Flexible workspace provider Serendipity Labs, based in Rye, NY, is planning a 26,000 square-foot co-working facility on a wooded site currently owned by Pluer Family LLC.

Why it matters

Where we work is still up in the air as many companies adopt hybrid model of working partly in the office and partly at home. This, after COVID sent many people home to work—some indefinitely—over the past two years.

“The office market has shifted to flexible solutions that address tenant requirements for the hybrid workforce,” said John Arenas, CEO of Serendipity Labs.

Trends

To remain competitive, some commercial landlords are repositioning their holdings from conventional leases to move-in ready offices and collaborative meeting space.

News hook

Last week health insurance giant Centene backed out of plans for a $1 billion East Coast headquarters in Charlotte because of the changing nature of where we work—fully remote or some kind of hybrid model.

Serendipity is going straight for the hybrid model, with flex space and co-working spaces with monthly and daily access to everything from private offices to customizable team suites for up to 50 employees.

The two-story Serendipity building goes before the Architectural Review Board on Friday, the first of many steps before any new building gets the green light from town officials. The 2.1 acre site behind the Carolina Financial Center is assessed at $815,300.

Background

Serendipity Labs was founded in 2011 with a vision to build a network of inviting, inspirational members-only workplaces, combining state-of-the-art design, technology and security with the highest service level standards. Serendipity Labs Inc. emerged from Chapter 11 in 2021 with $12.5 million in new exit funding to repay all creditor claims 100 cents on the dollar.