A pioneer in Denver’s coworking scene is exiting it.
Coworking company and coding school Galvanize told members in an email that its sole remaining Denver location at 1644 Platte St. will close Oct. 16.
“Galvanize has made an immensely tough decision to consolidate our coworking operations in Colorado and shift our focus towards the Boulder campus,” a company staffer said in the email.
BPX Energy, a U.S. subsidiary of oil and gas firm BP, will take over Galvanize’s space on the third and fourth floors, according to Daniel Nichols, project manager with building owner Nichols Partners.
BPX already leases the building’s second floor as well as the neighboring structure at 1700 Platte St.
Galvanize was founded in 2012 by Jim Deters as a space for startups and entrepreneurs to work.
They opened the inaugural location that year at 11th and Speer in the Golden Triangle in 2012, then added the location at 1644 Platte St. in 2015. The Golden Triangle space was also developed by Nichols Partnership.
In between, the company began expanding to other major cities, including San Francisco and Seattle.
In 2020, Virginia-based online education company K12 bought Galvanize for $165 million in 2020. By then, the company had begun to contract. The Golden Triangle location closed in 2019. Austin and Seattle locations closed last year.
According to its website, in addition to Boulder, Galvanize still has offices in Phoenix and San Francisco.
The Denver closure isn’t entirely unexpected. Galvanize was marketing its 50,000 square feet in the building, which included basement space, for sublease by late last year. The Boulder location is also listed for sublease on LoopNet.
Galvanize competitor WeWork has also been cutting its Denver footprint in recent months, although the company still has five locations in the Mile High City and one in Boulder.