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: email@example.com.
- Donny Hart