According to Lyda Hill Philanthropies Director Margaret Black,
Pegasus Park, a 23-acre, mixed-use office campus located on Stemmons Freeway near Inwood Road, was recently unveiled, and we also announced one of the key components of the project, Water Cooler. Water Cooler is sponsored by Lyda Hill Philanthropies, in partnership with Pegasus Park developer J. Small Investments, and will offer nonprofits reduced costs for rent and related services.
Water Cooler is seeking a rich array of tenant partners representing a wide range of social issues. Since space is limited, tenants will be selected through a competitive application process. The application process has begun and continues through Monday, August 31, and we hope to be able to fill the space with move-ins beginning in early 2021 through 2023.
Water Cooler will be a community of nonprofit, philanthropic and social-impact tenants that will office in approximately 150,000 square feet of space in Pegasus Park’s main tower. The sponsors aim to bring together diverse and quality nonprofits in a state-of-the-art environment to encourage collaboration. Water Cooler tenants will receive subsidized rent, access to philanthropic funds for furniture and infrastructure, and free or low-cost amenities and services designed to accelerate the nonprofits’ respective missions.
Our nonprofit colleagues deserve a contemporary environment as they work tirelessly to solve some of our world’s biggest challenges, which is more important now than ever. We believe cutting-edge facilities and space designed for collaboration are key ingredients to accelerate impact, and that is what tenants will receive with Water Cooler.
Along with subsidized rent, selected tenants will receive access to a “What-Else-Do-You-Need-to-Be-Awesome Fund” for furniture and infrastructure, amenities including a conference center to attract and retain talent, wellness activities, and shared services designed to enhance the organization’s problem-solving and collaboration with other nonprofits. Curated programming along with resources and services tailored to their needs will also be available. The location is also unbeatable as it is minutes from downtown Dallas between the Dallas Design District and the Southwestern Medical District.
Applications are being accepted until August 31 so we encourage everyone interested to begin reviewing information and telling others about Water Cooler. Details can be found on our website www.pegasuspark.com and applicants must email [email protected] to request application access.
* Photo provided by Lyda Hill Philanthropies