Cross Campus is part of a growing movement of shared offices popping up around town. In Silicon Beach alone there are at least a half dozen co-working spaces.
Be Great Partners, an incubator on the Miracle Mile, announced last week that it plans to expand to nine co-working facilities across the Los Angeles area.
The Cross Campus founders also envision opening more locations around Los Angeles and eventually expanding beyond Southern California.
Privately funded by the founders and a handful of investors, Cross Campus is working with the landlord to complete many of the building renovations.
Olshansky and Dato said the larger space will give them the ability to take on more members and continue to grow the business as they consider expanding into multiple locations.
In the near term, Dato said he wants the new location to serve as a flagship for Cross Campus and increase its visibility in the community.
Located along the Expo Line expansion that will begin running to Santa Monica in 2015, the new building could benefit from increased foot traffic and an influx in commuters taking public transportation.
"Everyone's kind of looking and asking how the Expo Line is going to change the demographics of Santa Monica," he said. "With us, it will be interesting to see what types of people find us."
After publication yesterday, Olshansky expanded on the reasons for the relocation. The co-working space at 820 Broadway had been sublet from Coda Automotive, he said, and that three-and-a-half year deal was dissolved as part of Coda's bankruptcy. Facing a rent increase to stay in the space, Cross Campus chose to look elsewhere. While an expansion was in its future, Olshanksy said the move came sooner than planned.