With a scalable and risk-controlled business model that creates high cash returns on equity to fund growth and distributions, management is driving a national expansion of Pipeline Workspaces that should result in additional institutional investment and a valuation exceeding $100 million within the next two years. Gordon G. Pratt, founder and CEO of Fund Management Group (FMG), a private holding and investment company, has been a member of Pipeline Brickell for two years. Pipeline’s shared workspace concept caters to a diverse community of creative entrepreneurs, tech start-ups, experienced professionals and small teams from large corporations. A third location is under construction in Coral Gables, Florida. With demand for shared office space rising in markets across the US, Pipeline is currently exploring expansion in Atlanta, Charlotte, Denver, and Dallas, in addition to other locations in South Florida. The increasing number of locations offers members an added value, as it can help them penetrate and expand their businesses and networks in new markets. This news comes as more coworking spaces continue to pop up in Miami, including MADE at the Citadel and Building.Co for the city’s growing entrepreneurial community.
