MANAYUNK >> A new flexible shared work space is coming soon to The Nickels Building on Main Street in Manayunk, with the aim of providing remote workers in the area a place to work outside their homes — or go-to coffee shops.
The new company, called One Nickel LLC, is on track to open on March 5 in the 6,000-square-foot building, which will feature two floors of coworking space, as well as space for meetings, events and retail “co-selling.”
The historic building, built in 1896, was once home to an F.W. Woolworth five-and-dime store on the first floor and a dance and music hall on the second floor.
The goal of One Nickel is to facilitate an affordable and comfortable workspace for remote workers, freelancers, startups or anyone who needs basic office amenities to run their business.
Currently, One Nickel is offering a special rate for early adopters of $99 per month for one year. The special rate will be offered to the first 50 members, and Jim Bauer, One Nickel COO and general manager of The Nickels Building, expects all of the available spots to be filled by the time the space opens.
Bauer, who also serves as president and CEO of M7 Media and MainStCEO, will operate his business out of The Nickels Building as well.
Even without the special rate, Bauer said, “our prices will consistently be less than you will pay to do this anywhere else.”
Members will have access to conference space, from a four-person conference room to a room that can hold up to 40 people. Members will also have access to any available desk in the shared workspace, as well as amenities like a lounge area, refrigerators, free bagels, coffee and tea.
Bauer has a lot of personal experience trying to work while on the road, and he knows how challenging it can be to try to conduct a business from a coffee shop. Plus, working in such an establishment can become costly if you’re buying coffee and snacks each time you work there.
“You’re really renting a table for however long you’re sitting there,” Bauer said.
Access to a coworking space gives workers the ability to do everything from making copies to meeting with clients.
“It’s a cost-effective way for somebody to work and maybe not be stuck in their house all day,” said Bauer.
As more people start to work as independent contractors, the need for a proper workspace continues to grow.
“More and more people are being hired to work remotely,” said Bauer. “People have been adjusting how they work for years. That group of people who don’t go into an office at 7 and leave at 5 ... that number is growing. The question is how to we manage it?”
Bauer expects there will eventually be 100 to 150 members of One Nickel, and he also anticipates that some companies will be launching from The Nickels Building.
In addition to the coworking space, the building will feature an event space on the second floor that will be able to accommodate up to 100 people.
There will be a regular monthly speaking series, which will be free and open to the community. The event space will also be available for other groups to host their own events. One Nickel already has plans in motion for speakers and charity events throughout the spring and summer, and Bauer expects more to be added as time goes on.
“It’s going to be a great way for the community to connect,” said Bauer.
A unique feature of the space will be the opportunity for people to “co-sell” in the space. Local entrepreneurs trying to bring a new product to market will be able to showcase their wares in The Nickels Building.
One Nickel will work with businesses to find the best way to get the word out about their product, Bauer said. For example, a local furniture maker might have a small installation featured for a month.
“Those things are going to be defined by what kind of product it is,” said Bauer. “We can help somebody launch their product in an inexpensive way. It’s all about what we can do for the members.”
For more information about The Nickels Building and details on plans and pricing for membership, visit thenickelsbuilding.com.
One Nickel LLC
4323 Main St., Manayunk