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Louis’ most well-known co-working option, has continued to build out its 160,000-square-foot building at 911 Washington Avenue, which it bought in 2013. T-REX officials are nearing the end of a $10 million capital campaign to renovate much of the building, including a new geospatial technology hub on the building’s fourth floor. The nonprofit incubator is using $5 million in federal New Markets Tax Credits and two $500,000 grants (one from the U.S. Economic Development Administration and another from Monsanto) to develop the geospatial hub, which will complement the National Geospatial-Intelligence Agency’s western headquarters under construction in north St. Louis. Covo, a Silicon Valley co-working company, is now up and running in the historic Mississippi Valley Trust Co. building at the intersection of Fourth and Pine streets downtown. Other co-working operations remain viable, too, such as OPO Startups in St. Charles, RISE Collaborative, a women-focused space in Clayton, Nebula on Cherokee Street, TechArtista in the Central West End and Medici MediaSpace in Overland. According to Deskmag, a publication dedicated to workspaces, the number of global co-working spaces has skyrocketed over the last few years, from 8,900 in 2015 to 15,500 at the end of last year.
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