Galvanize, which combines co-working space with startup incubation and a software-developer school, will lease space at 242 Linden St. Blue Ocean purchased the 14,000-square-foot former home of the Sunset Events Center for $1.5 million earlier this year.
Galvanize’s chief executive Jim Deters expects the location in Fort Collins to open in about a year. Extensive renovations will take place at 242 Linden in the meantime, with a second floor being added. Deters said Galvanize in Fort Collins will look nearly identical to the original in Denver, complete with a café and coffee shop, desks and working suites, and gSchool classroom space.
The partnership brings together two organizations geared toward helping entrepreneurs grow their startup companies. In addition to its commercial real estate division, Blue Ocean also invests in startups and provides mentorship and services to those companies to help foster their success.
Blue Ocean’s director of communications, Bridget Richards, said Blue Ocean executives, including founder Curt Richardson, will be involved with mentoring companies renting out space at Galvanize in Fort Collins.
“We see it as hugely complementary,” Richards said of working with Galvanize. “It’s so good for the Fort Collins ecosystem. We see their coming to Fort Collins as a great endorsement that they see the potential of our area.”
Galvanize opened its first location in 2012 in Denver, and has plans to open a second location in Denver in 2015. The first phase of a campus in San Francisco campus is open, and the announcement about Fort Collins comes just a week after Galvanize officially opened an 11,000-square-foot location in downtown Boulder.
“One of our big goals is always to accomplish two things: to build more connectivity among the communities along the Front Range and then connect those communities to the other startup supernodes of the world,” Deters said.
The announcement on Friday came on the eve of the Blue Ocean Enterprises Challenge business pitch competition finals, which is the culminating event of Fort Collins Startup Week on Saturday.
Deters said working with Blue Ocean was a natural fit, and something that has been in discussions for “quite some time.”
“They’re the entrepreneurial powerhouse of Fort Collins,” Deters said. “To do this in collaboration with them is really a no-brainer.”