Ride-Sharing Startup Alto to Open New ‘Community-Focused’ Headquarters in Dallas’ Design District » Dallas Innovates

Alto needs room to grow, and he just got it. Jhe Dallas-based ridesharing company has leased a new 16,000 square foot headquarters at 141 Manufacturing St. in the Dallas Design District.

News of Alto’s new headquarters follows the startup’s Silicon Valley expansion announced in March. Alto first expanded outside of North Texas to Houston in 2020, and now also has operations in Los Angeles, Miami and Washington, DC.

About 100 Alto employees, including management, engineering, marketing and operations teams, will work from the new headquarters. This will be the foundation for the company as it explores further growth and expansion into new markets.

Growth fueled by last June’s $45 million financing round

Covered seating area just outside the planned Triumphs Cafe at 141 Manufacturing St. The seating area is adjacent to The Grove, an outdoor community lounge with green space and 6G Wi-Fi. [Photo © 2022 Paul Go Images, LLC]

Alto’s growth is fueled by the $45m Series B funding round co-led by Tuesday Capital and local firm Goff Capital that it landed in June 2021, bringing the company’s total funding to company to $60 million since its launch in 2018.

Alto sets itself apart from other ride-sharing companies like Uber and Lyft by owning its own fleet of luxury vehicles and managing its own W-2 drivers. Along with “rethinking an incoherent, gig-based industry,” Alto also aims to be the first all-electric ride-sharing service, with a fleet of 3,000 electric vehicles planned by the end of 2023.

Quadrant Investment Properties has developed Alto’s new headquarters

Will Coleman, CEO of Alto [Photo: Courtesy Alto]

Alto’s new headquarters is located in one of several properties in the “manufacturing district” developed by Quadrant Investment Properties (QIP). Originally a 1940s industrial area, the neighborhood is part of the larger Dallas Design District. Focusing on the neighborhood, QIP claims to have acquired over 25 properties in the past 24 months.

Alto CEO Will Coleman walked through his future headquarters and liked what he saw, believing it offers his team benefits in the back-to-the-office era.

“We are thrilled to officially move into our new home in the Dallas Design District and welcome our team back to the office in a space that will inspire creativity and innovation,” Coleman said in a statement.

Designed to be “community-centric”

Lounge 141 is a communal rooftop lounge with kitchen and balcony located at 141 Manufacturing St. in the Dallas Design District, home of Alto’s new corporate headquarters. [Photo: © 2022 Paul Go Images, LLC]

141 Manufacturing St. has a next-gen office feel. Designed to be “community-centric,” it features “shared amenities” like Lounge 141, a communal rooftop lounge with kitchen and balcony with panoramic views of downtown Dallas.

A newly constructed “railway spur walking path” connects the project, providing employees with a place to stroll during breaks or conference calls.

In July, State Street Coffee will open Triumphs Cafe in the building, offering small bites and plates.

The Grove, an outdoor community lounge with picnic tables, green spaces and 6G Wi-Fi, brings the indoors and outdoors in, providing “opportunities for activation” for tenant businesses.

In total, the Manufacturing District offers nearly 100,000 square feet of newly converted creative office space for rent, according to QIP.

Answering the question: ‘Will workers come back to the office?’

The picnic tables are part of The Grove, an outdoor community lounge with green space and 6G Wi-Fi at 141 Manufacturing St. [Photo © 2022 Paul Go Images, LLC]

“The desktop experience we tried to create here was designed with companies like Alto in mind,” QIP founder Chad Cook said in the release. “We also strongly believe that the unique, amenity-rich environment the manufacturing district provides is the answer to the question, ‘Will workers come back to the office?’ We see this playing out in real time with several users focusing on creating a desktop environment that inspires their employees to participate. »

Chad Cook, founder of Quadrant Investment Properties. [Photo: QIP]

“For the past three and a half years, we’ve focused almost exclusively on the Design District,” Cook added. “With lots of help from the real estate community, an incredible helping hand from our team at QIP, and a bit of luck along the way, we were able to bring together 27 sites that are very close to each other. We look forward to realizing our vision over the next few years. »

In May, QIP inaugurated thirteen thirty threea bespoke 10-story, 125,660 square foot Class A office building located at 1333 Oak Lawn, and River bank, a five-story, 140,757-square-foot office building featuring three planned restaurants, located at 161 River Edge. Transwestern and Shop Companies are handling the leasing of both properties, with delivery scheduled for the fourth quarter of 2023.

“[The Manufacturing District] is an upscale urban development for brand-conscious businesses,” Transwestern Principal Kim Brooks said in the release. “The next generation of office users will demand a space like this in order to recruit and retain. talents.

Design District has received nearly $1 billion in private investment over the past 15 years

At 141 Manufacturing St., a newly constructed walking path connects the entire project for employees to enjoy behind the site. [Photo © 2022 Paul Go Images, LLC]

The Dallas Design District has attracted nearly $1 billion in private investment over the past 15 years, according to Transwestern research. With splashy restaurant openings like the recently launched CARBONE and VINO, and recently announced new retail concepts like TOCA Social, a UK-based Top Golf-like football experience, the Design District is becoming a destination that gives a lot to do to office workers once they leave their desks behind.

Alto was represented by Stream Realty Partners in its lease negotiations. The architecture of the project was led by Entos Design.

More looks at the ongoing Alto HQ:

Alto’s new headquarters at 141 Manufacturing St. in the Dallas Manufacturing District, Dallas Design District. [Photo: Transwestern]

Alto’s new headquarters at 141 Manufacturing St. in the Dallas Manufacturing District, Dallas Design District. [Photo: Transwestern]

Alto’s new headquarters at 141 Manufacturing St. in the Dallas Manufacturing District, Dallas Design District. [Photo: Transwestern]

Alto’s new headquarters at 141 Manufacturing St. in the Dallas Manufacturing District, Dallas Design District. [Photo: Transwestern]

Alto’s new headquarters at 141 Manufacturing St. in the Dallas Manufacturing District, Dallas Design District. [Photo: Transwestern]

Alto’s new headquarters at 141 Manufacturing St. in the Dallas Manufacturing District, Dallas Design District. [Photo: Transwestern]

Alto’s new headquarters at 141 Manufacturing St. in the Dallas Manufacturing District, Dallas Design District. [Photo: Transwestern]

Alto’s new headquarters at 141 Manufacturing St. in the Dallas Manufacturing District, Dallas Design District. [Photo: Transwestern]

Alto’s new headquarters at 141 Manufacturing St. in the Dallas Manufacturing District, Dallas Design District. [Photo: Transwestern]

Join the list.
Dallas innovates, every day.

Sign up to keep an eye on what’s new and coming to Dallas-Fort Worth, every day.

READ NEXT

  • Dallas-based ridesharing company Alto is entering its sixth market, after launching in Dallas and expanding to Houston, LA, Miami and Washington, D.C. With $60 million in funding since launching in 2018, CEO Will Coleman talks about building a new headquarters in the Dallas Design District, aiming to be in 25 metros over the next few years, and planning to be 100% electric by the end of 2023.

  • When Alto initially entered the ridesharing industry in 2018, it wanted to take a different approach by hiring its drivers as W-2 employees and operating its own branded luxury vehicles. With the new capital, the local startup plans to continue innovating by moving to a 100% electric fleet by the end of 2023.

  • Reminder schedule

    North Texas has a lot to see, hear and watch. Here are our editors’ picks. In addition, you will find our selections to “save the date”.

  • Six months after a $45 million Series B fundraising round, Alto will be a coast-to-coast company by the end of this month. It now aims to transform its fleet of ride-sharing vehicles into 100% electric ownership by the end of 2023, with a network of EV operations centers keeping them charged, maintained and ready. The first center is currently under construction near its Dallas headquarters.

  • Prepare for worlds to collide: With a 10-year plan in the works, the new Dallas International District will provide a one-stop location for international businesses of all sizes, along with a new 20-acre central park, international festivals, community gatherings, and a nearby PreK-12 STEAM International Academy being built by ISD Dallas. Funded by a public-private partnership, the district is also a testing ground for innovation with a civic smart zone and an automated people mover.


Source link

Rozella J. Cook