Practice Space Closing

Dear Practice Space Community,

The last time our team was in touch in August, we were heading into a period of reflection and restructuring. After six months of discernment and major changes to the core team, I have made the difficult decision to close Practice Space.

Having explored multiple options, we were not able to implement a business model that was financially viable. I am very disappointed to close the door on this entrepreneurial dream, to which many people dedicated their hard work, creativity, and resources. With some distance to reflect, I hope to share more about our experience and lessons-learned from building out the Workspace, and operating the Residency and Incubator program.

In the meantime, we will be hosting a Business Closing Sale this Saturday, February 21st from 12pm to 4pm at Practice Space (2801 14th Street). If interested, you can find details and a list of items available here.

I want to express our deep thanks to everyone who has supported Practice Space, particularly the Residents, Project Leaders, and Advisors who put so much effort into bringing the projects to life. I continue to be inspired by the community of Detroiters injecting old spaces with new ideas.

If you have any questions, please feel free to email me at: donald.hart@practicespace.org.

- Donny Hart

Announcement

Dear Practice Space Community,

As our pilot year is drawing to a close, we have decided to put the Incubator and Residency programs on hold in order to apply lessons learned. Our initial business model relied too heavily on Resident tuition, which made our program too exclusive and created a difficult working situation for participants.

Although we are taking some time to restructure our program, the work that’s taken place in the first year has been amazing. We were able to help six entrepreneurs/cultivators flesh out feasible and inspiring concepts for their projects in Detroit.This program, which continues to attract interest from entrepreneurs, has struck a real chord. By creating a design and storytelling based methodology that focuses on both architectural and business components of a vision, our program allows people to push the boundaries and pursue projects only possible in places like Detroit. And, while the Residency program needs updating, it’s done a good job of giving young movers and shakers a chance to get their hands dirty on real projects. We owe a big thanks to all of the Project Leaders, Residents, Advisors, and everyone else who has made this first year happen.

We’ll be back with a new model for the program. In the meantime, we’re still cultivating this community and doing work, helping inject old spaces with new ideas. Stay tuned and let us know if you have any questions.


- The Practice Space Team

August 18, 2014