Shopify Stock – Co-working operator claims Elgin Street space formerly home to Shopify
TCC Canada announced Thursday that it’s transforming the former Shopify HQ into “Ottawa’s largest and most masterfully designed co-working space.”
A new tenant has found a home at Shopify’s former headquarters at 150 Elgin St.
But, like the former occupant, they won’t be setting up a traditional office in the building.
TCC Canada, The Corporate Centre, operates flexible office and coworking spaces. It announced Thursday that it’s transforming the former Shopify HQ into “Ottawa’s largest and most masterfully designed co-working space,” positioning the project as a answer to pandemic woes facing businesses and their employees.
“The forced work from home experiment created by the pandemic has many employees suffering in silence from their homes without any alternative. And with all the uncertainty, many businesses are understandably hesitant to sign long term office leases in downtown Ottawa,” a TCC Canada press release states.
It also hailed its takeover as a boon for Elgin street businesses, who’ve suffered through years-long construction in addition to COVID-19 lockdowns and workplace closures.
The news broke last September that Shopify was giving up its 170,000 square feet of office space at Elgin Street’s Performance Court, and that a search was underway for one or more tenants to take over the remaining years on its lease, slated to expire in 2026.
The e-commerce giant had maintained its headquarters at 150 Elgin St. since October 2014. According to a company news release at the time, the custom-designed office could accommodate more than 1,000 employees, had a theme for every floor, and boasted a ball pit, massage room, yoga studio, and other trappings.
Two months into the pandemic, Shopify founder and chief executive Tobi Lütke announced the company was becoming “digital by default” and most of its 5,000 employees would permanently work remotely.
TCC Canada’s website says their new location at 150 Elgin St. is open for bookings. Covering more than 100,000 square feet, it’s equipped with board rooms, team rooms, and solo offices. They also promoted a cereal bar and kitchen, a “quiet room,” and shared outdoor terrace.
The company was founded in Ottawa, and hosts office space at five other locations in the city.
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