DETROIT, MI, July 27, 2020 /24-7PressRelease/ — Venture X, a premium membership-based flex space and workspace community for businesses and entrepreneurs, had finalized a lease agreement on its newest location in Detroit’s financial district last year and then the world stopped. Now Venture X is reemerging from the world-wide hibernation. The nearly 23,000-square-foot flex space will be housed downtown at 220 West Congress Street, a property owned by BASCO developer and landlord Roger Basmajian. As the brand’s newest workspace, Venture X Detroit-Financial District is expected to play an integral role in downtown revival efforts.

“Yes, we are opening! . . . And we are excited to be participating in the transformation and innovation of downtown Detroit, and its financial district, as it undergoes careful economic resurgence in a new business environment . . . when the going gets tough Detroit FlexesTM!,” said Vik Panchal, owner of Venture X Detroit-Financial District.

In addition to services provided by Venture X, clients will enjoy being within walking distance of restaurants, coffee shops, banks, and much more. “The location was strategically selected to optimize the facility’s accessibility and convenience for Venture X members requiring proximity to The Foundation Hotel, The Shinola Hotel, The TCF Center, Campus Martius, The Westin Book Cadillac Hotel, Hotel Pontchartrain, the Q-line, a myriad of parking options, and the Detroit food scene” Panchal added. Venture X Detroit-Financial District is expected to open August 2020.

Cushman & Wakefield as well as SVN | Stewart Commercial Group, LLC represented Venture X and CBRE Group, the world’s largest commercial real estate investment firm, represented BASCO. Landon Owens served as contractor on behalf of MiG Construction, a company known for their relentless pursuit of excellence and reinvention.

“We’re proud to see this Venture X contribute to the revitalization happening in the heart of Detroit and surrounding communities,” said Venture X President Jason Anderson. “The creative work environment offered by Venture X is something we’ve made a priority to achieve, and we look forward to answering the needs of entrepreneurs and business owners by providing the space for them to expand their businesses.”

Venture X, a brand of the United Franchise Group, is inspired by boutique hospitality brands where relationships, consistent quality, and value-added offerings are the cornerstone of the membership experience. Its “best-in-class” working environment is very appealing to corporate clients and professionals on every level. This is displayed in the diversity of its membership that ranges from flexible space, entrepreneurs, creative professionals, and freelancers, to remote workers, startups, non-profits, small businesses, and teams from Fortune 500 companies.

Additional details on workspace options and services are available at: https://venturex.com/locations/michigan/detroit-financial-district/

About Venture X
Venture X is a membership-based, shared flex space and workspace and community that is a blend of boutique hotel and modern office styles with a high level of design that feels professional and welcoming. It is designing beautiful spaces and developing an environment and community that people love coming to work to everyday. Venture X is a member of United Franchise Group, a group of affiliated companies and brands, and has been recognized by Inc. as one of the best co-working spaces in the United States. For more information about locations, visit venturex.com, and for information about franchise opportunities, visit venturexfranchise.com.

About United Franchise Group
Led by Founder and CEO Ray Titus, United Franchise Group is home to an affiliated family of brands, including Signarama, Fully Promoted, Experimax, Jon Smith Subs, SuperGreen Solutions, Transworld Business Advisors, Accurate Franchising, Venture X, The Great Greek Mediterranean Grill and Network Lead Exchange. With over three decades in the franchising industry and more than 1,600 franchisees throughout the world, United Franchise Group offers unprecedented leadership and solid business opportunities for entrepreneurs.


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