Look out, Kirkland — there’s a new coworking space coming to town. Northwest University announced recently that it will convert some of its vacant space at 6710 108th Ave. NE into a business incubator called 425 Collective.
The space will operate as a combination incubator and coworking space. The goal is to create a sense of community and partnership, according to interim director Sam Smith.
Smith, along with John Quick and Jak Moroshan, operates The Guild, a creative coworking space in Tacoma. The trio was picked by Northwest University to help launch 425 Collective.
425 Collective has been in the works for months. The space was formerly used by Impact Hub before it relocated to Lincoln Center on 116th Avenue Northeast in Bellevue at the end of 2014. At the beginning of 2015, Northwest University College of Business Dean Teresa Gillespie and Tim Lucas, assistant professor of management, moved ahead with a market survey to assess Kirkland’s need for coworking and incubator space. They found there is ample demand to fill the void left by Impact Hub.
Smith said 425 Collective will mainly rent office space to small businesses and startups, but there will be opportunities for NU business students to work in the space as well, furthering their education through real-world experience and connecting them with professionals who can help with professional development.
“We desire to foster a diverse culture that produces premier leaders and companies that influence our community and world,” Smith said. “Because of our values of community, creativity, and cultivation, we will serve as an incubator, but the end result won’t just be the creation and cultivation of new businesses. It will also be to create community among a group of people, from start-ups to already existing businesses to experts and consultants.”
425 Collective will organize and host communal and educational events and workshops to advance growth and development, as well as encourage connections between businesses and people.
“We believe that when a group of creatives are in one space, the result is a spark of creativity, learning, and growth,” Smith said.
Smith said the space will undergo some renovation and build-out before it officially opens for business. For more information about the space, or to inquire about renting space, contact Teresa Gillespie at Northwest University.