A foreclosed building might either be viewed as a fiscal setback or future opportunity. In Detroit’s Corktown neighborhood, a once vacant 30,000-square-foot warehouse has been turned into a cooperative workspace focusing on locally-driven economic growth. It’s called Ponyride.
Founded by Detroit restaurateur Phillip Cooley and overseen by a board of entrepreneurs and urban developers, Ponyride provides studios and co-working spaces at inexpensive rents to small business owners (it also has an artist residency program) that give back to the area through products and opportunities.
Ponyride’s tenants are as diverse in expertise and skill sets as their goods and services are: designers, blacksmiths, roasters, musicians. During a visit to Detroit, I took a tour of Ponyride and got to see the various…
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