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Highly Anticipated Co-Working Space, Alloy 26, Officially Open For Business

Pittsburgh, PA – (May 4, 2016) – Today, Alloy 26, the highly anticipated co-working space is debuting its location in Nova Place on Pittsburgh’s North Side. Capable of accommodating more than 300 occupants, Alloy 26 was designed for entrepreneurs, startups, creators, makers, and organizations. By providing flexible office solutions, access to amazing amenities, and programming, Alloy 26 aspires to create serendipitous opportunities for its members to collaborate on the next big thing.

The 50,000 SF of open floor space flows as you progress through it. Designed by local architecture firm, Desmone, the main work area of Alloy 26 celebrates the raw materials and inner workings of the existing space which has been vacant since last occupied by Woolworths. Alloy 26 is equipped with strategically placed conference rooms, complete with the latest technology, comfortable meeting areas intermingled throughout while private offices line the side of the space and do not take away from the city views. In addition, a tiered auditorium with the capacity to hold 200 people is available for hosting events, meetings, workshops and tech talks, a kitchen, and an on-site café managed by La Prima surround the collaborative workspace. burkeMICHAEL+ worked closely with Desmone to achieve the final environment, choosing modern, timeless, and functional office furniture.

“Alloy 26 will be the largest and most inspiring workspace in the region. We have invested tremendous resources specifically into this space to attract entrepreneurs, artists, designers, as well as technology companies,” said Faros Properties Managing Partner, Jeremy Leventhal.

Different levels of membership are available, starting at just $75, all of which are month-to-month. Flexible desks, dedicated desks, and private offices are just the basics in terms of memberships. This concept offers companies the ability to grow without the worry of being bound by a long-term lease. With over 20 companies already signed up for memberships, the explosion of innovation runs the gamut.

Some companies include: Covey, a location-based mobile app for parents to connect with other parents. Velocity Robotics, a hardware company, who recently launched an app called Bluetooth Measure which aids in productivity for builders, both professional and DIY. Abililife, focuses on improving the longevity and quality of life for Parkinson’s patients through Calibrace+, the first orthotic device for Parkinson’s patients to improve posture and balance. ContainerShip, a software company that developed a server and application automation platform making continuous delivery painless and easy. ContainerShip recently raised a $2.41M seed round led by Pittsburgh-based Draper Triangle Ventures and Birchmere Ventures.

These companies chose Alloy 26 because of the reputation of Faros Properties and its close proximity to downtown Pittsburgh. In addition to the amenities Alloy 26 offers to its members, it is part of a multi-million dollar urban renewal project, Nova Place, which is transforming the area. With a forthcoming 10,0000 SF fitness center, modernized common areas, and new food options, Nova Place provides an environment to inspire, educate, and foster growth.

“It is with much excitement that we launch Alloy 26, which will grow into a vibrant community that helps enrich the North Side and becomes a catalyst for entrepreneurial progress throughout the region,” said Mike Woycheck, Director of Alloy 26.

For more information, or for companies seeking immediate, flexible office solutions,

visitwww.alloy26.com

About Faros Properties LLC

Faros Properties is a real estate investment firm established by Alexander Leventhal, Jeremy Leventhal and Elliot Gould as a platform to target long-term private investment opportunities. Faros primarily targets core investments in supply-constrained markets with high concentrations of intellectual capital. Faros and its predecessor companies trace their roots to family-owned operations. The family has for over six decades been actively involved in the construction, development, acquisition, management, and financing of over 50 million square feet of real estate internationally.