On Monday October 26, 2020, after eight years of occupancy, the Centre for Social Innovation (CSI) announced that they are ceasing operations of CSI – Regent Park. Established in 2012, on the third floor of the Daniels Spectrum building in Regent Park, the CSI co-sharing workspace, is sadly closing its doors.
Although CSI has not publicly indicated the actual reasons behind the closure, it is speculated that the cost recovery model for operating the Regent Park facility was not working, and the operating expenses was significantly exceeding the revenues. The closure of the facility due to COVID-19, combined to make a bad situation, only worse.
Since its inception in 2004, the Centre for Social Innovation’s vision of facilitating co-sharing spaces that put “people and planet first” has grown to include over 3000 members generating a combined annual revenue of $270 M. The idea of “co-sharing” or “co-working” means that people, not-for-profits or companies, co-habit a neutral work space while working on different projects, but through sharing the same amenities (including meeting rooms, lounge areas, kitchens, washrooms, printers, private offices, shared offices, and work desks) they are able to keep overhead cost down - for a developing or fledgling start-up, this arrangement holds a lot of promise.
Until the recently announced closure of the Regent Park facility, CSI operated three locations in Toronto, including one at 192 Spadina, and one at 720 Bathurst. Additionally, in 2012, CSI opened a new branch in New York City.
In Regent Park, CSI has partnered with social mission driven businesses and not-for-profits like Square Circle, Green Thumbs Growing Kids, Tastelig, Youth Empowering Parents, Peace Builders, African Women Acting, Dare Arts, Visions of Science, INTENT, Interiors by Art of Living Inc., Due Good, Canada World Youth, Career Skills Incubator, the FOCUS Media Arts Centre and many others. It is estimated that 150 different groups called CSI-Regent Park home.
Now, as the facility in at the Daniels Spectrum building is closing down CSI’s commitment to its members and the neighbourhood is far from over.
Over the next six months CSI will work with the existing 150 co-working members at Regent Park to consolidated them into the two other buildings on Spadina and the Annex.
Additionally, CSI will continue its presence in Regent Park. As Denise Souedian-O’Leary (Community Manager-CSI Regent Park) puts it, CSI is pivoting from a co-sharing facility to a community support and development model.
Over the next three to five years, CSI will preserve its involvement in Regent Park by maintaining Denise Souedian-O’Leary in the role of a community resource – connecting and strengthening partnerships with residents, grassroots groups, organizations and stakeholders to ensure that for example, the work of the Social Development Plans continues. CSI will also continue their community development project known as the Everyone Everyday Project – a project that aims to engage residents in variety of DIY activities that focus on the betterment of the community.
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FOCUS Media Arts Centre