The Malin Enters Austin With 12 KSF Coworking Space
The Malin has opened a 12,000-square-foot flex office location in Austin, Texas. The company’s new coworking space is at 1515 E. Cesar Chavez St. Pennybacker Capital is the developer and owner of the recently completed 71,623-square-foot office building, according to CommercialEdge information.
This is The Malin’s sixth location in the country and its first in Texas. The new space will include 24 dedicated desks, 10 private offices, four meeting rooms, two libraries and 12 phone booths. Membership access for the location includes three levels and day passes.
The Malin will also provide multiple services for its members, focused on ensuring a creative work environment, such as catered lunch, baked goods, coffee orders, fresh floral arrangements and access to an Executive Assistant program and concierge services.
Completed last year, the three-story, Class A creative office property includes 9,196 square feet of retail space and 187 vehicle parking spots. The building features floor-to-ceiling glass, a three-story green wall, private terraces, showers and bike storage spaces. In 2021, Pennybacker Capital secured a $28.2 million construction loan provided by First United Bank and Trust Co., CommercialEdge shows.
The Malin expanding its footprint
The building is close to downtown Austin, which allows access to multiple dining and retail options, as well as to bus stations and to Interstate 35. The Austin-Bergstrom International Airport is 10 miles away.
In July, The Malin expanded its footprint with a 10,000-square-foot space in Savannah, Ga. The company partnered with Ann Street Lofts and the deal marked its first single-use building in its portfolio.
In March, the company opened a 20,000-square-foot location dubbed The Malin NoMad, occupying the entire fifth floor of 387 Park Ave. S. in Manhattan, its fourth coworking space in New York City. TF Cornerstone owns the 12-story, 232,000-square-foot property.
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