Ripple Coworking Expands Footprint in Daytona Beach

Interior of Ripple Coworking in Dayton Beach, Fla. Image courtesy of Ripple Coworking

Ripple Coworking, a Florida-based flexible workspace provider, has opened a 25,000-square-foot coworking location in Daytona Beach, Fla. The company purchased the former Daytona Daily News-Journal building and renovated it, after landing a $1.9 million loan provided by Intracoastal Bank, CommercialEdge data shows.

The flex office space encompasses 12 coworking desks, 72 furnished offices, four conference rooms, a 4,000-square-foot community lounge, a phone room, a café, onsite self storage, as well as a dedicated area for massage therapists and psychologists.

Completed in 1926, the property served as the headquarters of the Daytona Daily News-Journal for more than four decades. The latest renovations of the building included removing a 10-foot square concrete vault and changing the space into a reception area.

Located at 128 Orange Ave. in downtown Daytona, the space is situated in the proximity of several retail and dining options, while Riverfront Park and City Island are also within easy reach. The new space marks Ripple’s second investment in the Volusia-Flagler area, after its first location in Flagler Beach, Fla., which opened in 2017.

The coworking sector is registering demand and increased activity across Sun Belt markets, including Florida. Mindspace, a boutique flex office provider, has been expanding in Miami and has recently signed two leases for new locations. In August, the company occupied 30,000 square feet at The Gateway at Wynwood and in January, the company signed a 10-year lease for another 31,192-square-foot coworking space in downtown Miami.