Refinery46 officially opened its doors today, making it a first-of-it- kind co-working and accelerator space for growing firms in the home services and construction industries. The former Double 8 headquarters and warehouse near 46th St. and Keystone Ave. has been newly renovated with lockers and office space for short-term and long-term members.
“Refinery46 will help revitalize the Keystone corridor and provide workforce development opportunities for electricians, plumbers, painters, contractors and others in the industry,” said Indianapolis Mayor Joe Hogsett. “Industry specific co-working spaces are growing significantly around the country and Refinery46’s focus on developing talent complements a need in our city.”
Owners Brian Schutt and Jesse Cross hatched the idea after feeling the growing pains of their HVAC business, Homesense Heating and Cooling. Homesense had five different offices in its first seven years of business. Schutt said they experienced firsthand the frustration of real estate and economic anxieties that accompany long-term leases. The pair also brought in Tom Lazzara who shared their vision for growing companies and had done so with his own business, Custom Living.
“With Refinery46, we can offer a sized-to-fit approach that focuses resources toward growing a small business, not on questionable overhead costs,” said Schutt. “We want to leverage our experience as a launch pad to help other companies in our sector.”
Refinery46 now spans approximately 30,000 square feet. Amenities include a variety of office sizes, lockers, shipping and receiving, 24-hour access, 8,000 square feet of common space, 2,000 square feet of training space, coffee, Wi-Fi and an in-building microbrewery and Cuban kitchen. Members will also gain developmental opportunities with informational training sessions offered by many support services including local attorneys, accountants and marketers.
“Some of our members may not have the time or the resources to seek out the business advice they need to grow,” said Schutt. “By bringing business professionals to Refinery46, we hope to answer questions and provide our members new business ideas.”
The building is approximately 60 percent occupied; new members are being accepted now. Member access ranges from $150 per month for lockers, $500 for small offices, up to long-term leases with custom office spaces.
For more information about Refinery46, click here.