Downtown Alliance’s Hive at 55 Coworking Facility in Lower Manhattan Celebrates Six-Month Anniversary

03/30/2011
Downtown Alliance’s Hive at 55 Coworking Facility in Lower Manhattan Celebrates Six-Month Anniversary

More than 150 budding entrepreneurs celebrated the six-month anniversary of the Hive at 55, the Alliance for Downtown New York’s co-working facility in Lower Manhattan, on Tuesday.

Launched in December 2009, the Hive at 55 co-working facility is a 4,000-square-foot, fully outfitted space that provides shared workspace and support to small businesses, freelancers and entrepreneurs. It is located in Lower Manhattan at 55 Broad Street, also known as the New York Information and Technology Center.

The Hive at 55 began with a handful of users, but now typically operates at more than 80 percent capacity.

The facility includes workspace for more than 40 people at one time, in open seating and three private workrooms. Amenities at the Hive at 55 include Wi-Fi, fax, printer and copy machines, conference rooms and bicycle storage. Conference rooms can be used for workshops, classes, seminars, business meetings and other meetups.

The Hive at 55 was included in Mayor Bloomberg’s MediaNYC 2020 plan, a program of eight initiatives to strengthen the media industry. Additionally, the Hive received $100,000 in support from New York City Economic Development Corporation.

The event included food provided by Harry’s Italian, along with wine, beer and other beverages from The Greene Grape.