The venture capital fund has opened the facility, named PropTech Place, as part of continued efforts to support the city’s booming proptech sector.
Based at 214 W. 39th Street in Manhattan, the hub provides contemporary workspace for companies, entrepreneurs and property professionals.
It offers coworking space, meeting areas, networking opportunities, community events, and curated proptech exhibits, with the aim of supporting current and aspiring property technology leaders.
Residents will get to work alongside international venture capitalists, mentors, customers and the MetaProp Accelerator @ Columbia University.
PropTech Place has also been designed as an event and meeting space for conferences, educational sessions and product launches, all of which members will have the option to attend, which complements MetaProp’s event offering.
The VC has previously hosted New York Real Estate Tech Week, Women in Proptech and BuiltWorlds events, as well as innovation programmes.
Another core part of the hub is a showroom and exhibition offering for 40 of the latest real estate technology products and services. PropTech Place’s community board will evaluate submissions for new exhibits and exhibitors quarterly
On its website, PropTech Place explains how the hub is on a mission to “expand New York City’s entrepreneurship infrastructure by securing an important industry’s physical and psychological convergence”.
The hub plans to “develop entrepreneurial talent in the city by hosting dozens of PropTech educational sessions each year for aspiring technology entrepreneurs from the real estate field” and “provide new resources for entrepreneurs by creating a funnel for both outward international exposure and inbound interest from around the world”.
Looking to the future, PropTech Place is already considering larger event space, a multimedia studio, and a 3D printing lab.