An innovative partnership between Palladium Enterprises and CO+HOOTS was officially announced at Mayor John Giles’ State of the City breakfast this morning. The Mesa City Council approved an agreement at its Feb. 5 meeting.
Palladium Enterprises is developing The GRID, a $60 million next-level, mixed-use residential, office and restaurant project on Main Street that will bring 500 new residents to downtown Mesa. The GRID takes an under-utilized city of Mesa asset, the Pomeroy parking garage, and turns it into a thriving downtown neighborhood and economic engine for Mesa. Palladium’s partnership with CO+HOOTS brings the globally-recognized coworking community to downtown Mesa.
CO+HOOTS will occupy 14,000 square feet of coworking space at The GRID and, in partnership with Benedictine University at Mesa, will provide mentorships, internships and entrepreneurial experiences for business students.
“This is a big deal,” Mayor John Giles said. “We are thrilled to be welcoming The GRID and CO+HOOTS to downtown Mesa. With hundreds of new residents living at The GRID, CO+HOOTS’ cultivating a new coworking community and Benedictine University at Mesa students gaining insight into entrepreneurship, soon downtown Mesa will be known as a dynamic and well-balanced community that thrives on innovation. Congratulations to Palladium Enterprises and CO+HOOTS on a project that I can’t wait to break ground on.”
In just seven years, CO+HOOTS has become the second ranked coworking community in the nation and has facilitated the creation and growth of more than 1,000 companies. Some of those companies have grown into multi-million-dollar operations.
“We believe in the city of Mesa’s commitment to transforming its downtown into a vibrant urban core,” CO+HOOTS founder Jenny Poon said. “We love downtown Mesa’s already hyper-localized community and believe a CO+HOOTS location that will reflect downtown Mesa’s distinctive personality will be a great fit. Among many of our goals, the Mesa location will support and bring together the area’s entrepreneurial, startup and small business community; create jobs; provide free business and technology education through our nonprofit, CO+HOOTS Foundation; and become a major economic driver for Mesa.”
The GRID and CO+HOOTS are key in Mesa’s development of an innovation district. The area around Benedictine University will be transformed into a thriving downtown neighborhood and economic engine that will help create an entrepreneurial ecosystem where people can live, work, eat and relax.
“We believe that bringing CO+HOOTS into The GRID, located next to Benedictine University, is a game changer for the downtown Mesa business community,” Palladium Enterprises Manager Tony Wall said. “We are collaborative developers and we believe in downtown Mesa. CO+HOOTS has joined us in this belief and this tremendous collaboration.”
The GRID is expected to break ground this year with CO+HOOTS opening its doors in fall 2019.