Tech Company Relocating to Charlottesville, Pledges to Bring Jobs
CHARLOTTESVILLE, Va. (WVIR) - Just as the tech company WillowTree leaves the city of Charlottesville, another one is moving in and bringing more jobs along with it.
CoConstruct is taking its two locations in Albemarle County and relocating them to a new space in downtown Charlottesville.
On Friday, March 22, the CEO at CoConstruct announced the big secret, which has been a year in the works and employees had no idea.
The company will finally be under just one roof come April of 2020.
It’s moving in to the brand new 3TWENTY3 building that’s being built behind Bluegrass Grill and Bakery.
The new office space will be a five-floor building on top of a 200-space parking garage.
It will feature amenities like a plaza, rooftop space, electric car charging, and bike racks.
CoConstruct will take up about one-third of the building and it’ll hire hundreds of new people.
“The bigger space will allow us to grow,” Donny Wyatt, the CEO of CoConstruct, said. “We've got about 100 people now. We will double or triple that over the time that we're in this space, and there are a whole lot of other jobs that are gonna get created because of CoConstruct."
CoConstruct leased 40,000 of the 120,000-square-foot building.
The other tenant is a law firm and the third section of the building is still vacant.
If all goes according to plan, it should be up and running next spring.
Press Release from Cushman & Wakefield | Thalhimer:
CHARLOTTESVILLE, VIRGINIA, March 22, 2018 – Cushman & Wakefield | Thalhimer and Insite Properties announce CoConstruct, LLC has leased 40,000 square feet of office space within the 3TWENTY3 building located at 323 2nd Street SE in Downtown Charlottesville, Virginia. CoConstruct is set to consolidate their two current locations into a single new headquarters at 3TWENTY3.
Totaling 120,000 square feet, 3TWENTY3 is a state-of-the-art, five-floor office building to be built on top of a four-story, 200 space, parking structure and features the largest floor plates in the Charlottesville market. Additional building amenities include a pedestrian plaza/walkway, common lobby gathering space, rooftop appurtenance with event/conference space, catering kitchen and a patio, electric car charging stations and added bike racks.
Its exceptional location in the heart of downtown Charlottesville offers tenants a short walking distance to the Downtown Mall with its various restaurants, retail shops, entertainment venues and other amenities that downtown has to offer. The building also enjoys breathtaking views of both downtown Charlottesville and the rolling hills of the Blue Ridge Mountains.
The building is being developed by Insite Properties. Jay Blanton, the Managing Partner of Insite recently stated, “3TWENTY3 is a first-class office building designed to attract tenants that recognize that the location, quality and features inherent in the building they occupy contribute to their ability to attract and retain talent. The leadership team at CoConstruct recognize that 3TWENTY3 will assist them in recruiting for their fast-growing business. We welcome CoConstruct and look forward to its success”.
“As a leading software provider in the construction industry, CoConstruct needed a location that allowed us room to grow and that reflected our style to employees, recruits, and clients. 3TWENTY3 is an amazing building that accomplishes that and will do it in a way that incorporates the unique attributes of Charlottesville and Central Virginia that make us proud to be growing our business locally, & quot; said CoConstruct Founder and CEO, Donny Wyatt. John Pritzlaff of Cushman & Wakefield | Thalhimer handled the lease negotiations on behalf of the landlord. Robin Amato of REIII Commercial Properties represented the tenant.