By. Christopher Eichhorn
Just over three months ago, the Mississippi Valley Trust Building was just another vacant - but beautiful - downtown Saint Louis building. Smaller than others at just 4 stories, it seemed ripe for reinvention at a time when the downtown area was quickly resurrecting. That is a sentiment that Daniel Brian, COO of COVO co-working spaces, shared. A native of Philadelphia now living in San Francisco, Daniel and his team at COVO were looking for places to grow their co-working business, and Saint Louis’s Mississippi Valley Trust building at 401 Pine struck them as ideal. The space’s grand opening is December 7th.
We were looking for places on the tipping point for growth,” Daniel, COO of COVO, told us, which seems a reasonable conjecture given the significant construction ongoing in the downtown area already. They were also looking for places with a dearth of available coworking spaces: Daniel believes that similar cities might have 2-3 times as much comparable space already available in their downtown area. Combined with low real estate costs (Daniel was visibly struck by how cost-efficient Saint Louis real estate is), and this helps explain how a relatively small San Francisco firm chose Saint Louis as only their second location.
The space has come together quite rapidly, and has a unique combination of amenities. Unlike most coworking spaces – which operate almost exclusively as office space for rent – COVO also operates TRUST coffee bar in the front of its space to attract more diverse clientele and to bring the space together. There is space both for walk in customers in addition to a premium space (at two dollars an hour) to both have coffee but also have access to better internet, a printer, and many normal office needs. “The coffee helps our clients to avoid insularity,” Daniel said, and this premise certainly makes sense. Without this central space, the COVO coworking might seem like a hodge podge of disjointed, unaffiliated offices, none of which coordinate or know one another. But with it, COVO feels simultaneously like a place that can provide professional business settings and a community.
For those interested in the available office space, COVO offers a variety of office set ups for two hundred dollars a month, each of which comes with almost all office supplies included (paper cutters and shredders, printers, etc.). The offices vary in size from one to eight employees, and come with access to two shared lounges which additionally help tie the COVO clients together. For those interested in the coffee, TRUST opens at 8AM Monday through Saturday, and converts to a cocktail bar at 4PM (run by former workers of the Thaxton SpeakEasy). And for everyone, we suggest you pop in to check out another beautiful space revived in the Downtown area.
You can contact COVO at 314-455-6313 or visit their site at https://stl.hellocovo.com