Productivity Features of 5Wise
- Plants. Yay!
- Acoustic panels dampen noise.
- Warm color palette adds “warmth” to the space.
- Insulated walls and ceilings save energy and dampen sound.
- Small scale encourages intimate and persistent relationships.
- South facing windows provide abundant natural light.
- Highly mobile furnishings encourage setting up the space as desired.
- The door, thermostat, lights, and alarm system are online and can be remotely controlled.
- Dimmable 3000K LED lights don’t mess with circadian rhythms, allow the mood to be set, and make us look good!
coworking (ˌkōˈwərkiNG, noun): The use of an office or other working environment by people who are self-employed or working for different employers, typically so as to share equipment, ideas, and knowledge.
5 Wise Workshop is a coworking space for individuals and businesses. Many entrepreneurs and artists are in need of affordable, flexible space. Individuals achieve greater success when they have access to professional and well-connected networks. People flourish in environments that encourage expansive thinking, constructive debate, and self-discipline while allowing them to “fail forward fast” without burdensome commitments.
Emphasis is placed on supporting entrepreneurs and artists who are starting businesses and the leaders of existing small businesses. Social enterprises (those that incorporate elements of both economic and community development) are also priority clients. Individuals, emerging, and small businesses with social missions benefit from a platform of professional resources and a network of innovative peers.
The Building: 3524 West National Avenue
The 5 Wise Workshop Development is a historic property located at 3524 West National Avenue in Milwaukee’s Silver City neighborhood.The ~3,200 square foot building was built in 1916 and originally housed a jeweler. For the last 33 years the building had operated as Engine Blade and Prop, an outboard motor and propeller repair business. Lush Production renovated the first floor into office space. The second floor has two residential units.
The Neighborhood: Silver City
The 5 Wise Workshop is located in Milwaukee’s Silver City neighborhood. Recent nearby developments and improvements include the Menomonee Valley branch of the Urban Ecology Center, Escuela Verde, Three Bridges Park, Arlington Heights Park, and the Hank Aaron State Trail. The development is a half a block from the intersection of 35th and National, a spot that is becoming known as a confluence for international cuisine.
Location of Silver City
The 5 Wise Workshop was co-developed by Contexture and Fix Development. The project integrated real estate, economic, and community development. This approach makes it possible to experiment with the commercial space to find a best-fit tenant for the building and neighborhood, to diversify risk for investors, and to improve the probability of success for the business tenant. Many small and new businesses pay a significant portion of their potential profits as rent to their landlords. By integrating the real estate and business development, business owners can build equity that can then be used in support of the business.