What Chapel does

Chapel is a privately held real estate and coworking company that operates a 40,000 square foot adaptive re-use development in the Poe Mill area of downtown Greenville, South Carolina. The facility integrates multiple revenue-generating uses within a single venue: flexible private offices for teams of 2 to 20, dedicated desks, coworking common areas, conference rooms, professional kitchen coworking stations for food entrepreneurs, bookable event space, and a connected restaurant and tap room serving tenants and the public. The project sits on a 2.5-acre lot and was developed under Opportunity Zone legislation with additional Textile tax credits, financed through equity investment at a total project cost of approximately $10 million over a 10-year project term.

The business model combines recurring subscription revenue (workspace and kitchen coworking memberships) with transactional revenue (event space rentals, conference room bookings, and restaurant/tap room sales). Chapel targets a diversified set of customer segments including solo entrepreneurs, small teams, food entrepreneurs, creatives, local families, and community members. Pricing is inquiry-based and not publicly disclosed, with all memberships managed through a website contact form. The facility is operated with a lean team of 1-10 employees and is led by a partnership between Matt McPheely, a native Greenvillian and real estate developer, and Brooks Calavan, an Austin-based veteran developer and investor with multiple exits. Development was supported by a regional team including Harper Construction, Bluewater Civil Design, SHLTR Architects, and No Walls Studio.

Chapel opened to the public in August 2023 after renovation and buildout that began in February 2023. The company's go-to-market motion is direct-to-consumer, relying on its website and community-focused messaging to attract local members. There is no disclosed use of AI, proprietary technology, or software platform; the product is fundamentally a physical shared-space and community venue. The company has not raised institutional venture capital; its only disclosed funding round was $131,350 in April 2021, with the bulk of capital sourced through Opportunity Zone equity investment rather than traditional venture or private equity channels.

Name

Chapel

Legal name

Chapel

Website

https://chapelgvl.com

Company type

Private

Operating status

Operating

Headcount range

1–10 employees

Short description

Chapel operates a 40,000 sq ft coworking, kitchen coworking, event space, and restaurant venue in downtown Greenville, SC, serving local entrepreneurs, food startups, small teams, and community members through memberships and event rentals.

Ownership category

akta.pro rank

Product category

Coworking & Flexible Workspace

NAICS

Food Service Contractors (722310)

SIC

Retail-Eating & Drinking Places (5810), Services-Facilities Support Management Services (8744), Services-Amusement & Recreation Services (7900)

akta.pro primary industry

Venue & Facility Reservations (Private Rooms, Event Spaces) (HSACALAJ)

akta.pro secondary industries

Conference Centers & Dedicated Meeting Venues (THAHAAAB), Conference & Convention Center Catering (THAHAKAB), CPO (Central Production/Commissary) + Satellite Ghost Kitchens (THAFAJAH)

Keywords

• Coworking space
• Kitchen coworking
• Flexible office space
• Event venue rental
• Shared workspace

Headquarters

HQ city

Greenville

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Operations, Infrastructure, Personnel, Marketing or Sales

Revenue model

1. Desk/Coworking Memberships: Flexible workspace memberships for individuals and teams, ranging from solo entrepreneurs to teams of twenty, providing common desks, offices, and classrooms.
2. Kitchen Coworking: Professional kitchen stations and shared space for food entrepreneurs, with dedicated kitchen facilities for restaurant startup and operations.
3. Restaurant/Tap Room Operations: Local food, brew, and coffee services serving Chapel tenants, the public, and event guests through connected local restaurant outposts.
4. Event Space Rental: Flexible bookable space for community meetings, concerts, art shows, conferences, classes, and weddings. Used for both public events and tenant amenities.
5. Conference/Meeting Room Rental: Various conference room configurations available for team huddles, job training, and other business needs.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

Chapel operates a 40,000-square-foot coworking, kitchen coworking, event, and restaurant space in the Poe Mill neighborhood of downtown Greenville, South Carolina. It sells flexible private offices, dedicated desks, conference rooms, professional kitchen stations for food entrepreneurs, and bookable event venues, alongside an on-site restaurant, tap room, and coffee shop. The facility functions as an integrated workspace and community center targeting local entrepreneurs, food business owners, creatives, teams, and neighborhood residents.

Product overview

Chapel is a unified coworking space and community center offering a portfolio of integrated services. The core offering includes flexible private offices (for teams of 2-20), dedicated desks with lockable storage, and conference rooms in various configurations. Complementing the workspace are kitchen coworking facilities for food entrepreneurs, a restaurant/tap room serving local food and beverages, and bookable event spaces for community gatherings, concerts, and conferences. The facility spans 40,000 square feet in a renovated mill building in Greenville, SC, serving innovators, creatives, chefs, families, and teams. The portfolio is managed as a single integrated venue rather than separate modular products.

Differentiator

Problem solved

Functional benefit

Products and services

• Flexible Offices Private office spaces for teams of 2 to 20, offering flexible membership options for entrepreneurs and small businesses to grow their operations at Chapel.
• Dedicated Desks Daily desk spaces with lockable storage for personal items, dedicated to individual business needs at Chapel.
• Coworking Common Areas Common desks, offices, and classrooms designed to be flexible and to encourage teaching, learning, and collaboration among Chapel members.
• Conference Rooms Meeting spaces available in multiple configurations for team huddles, job training, and other professional gatherings.
• Kitchen Coworking Professional kitchen stations and shared space for local restaurant entrepreneurs, providing a home and creative platform for food business development.
• Bookable Event Space Flexible event venue suitable for community meetings, concerts, classes, art shows, conferences, and weddings, accommodating a variety of occasions.
• Restaurant / Tap Room Local food, brew, and coffee venue serving Chapel tenants, the public, and event guests, featuring a variety of tastes from Greenville.

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Four partnerships are on record, tiered core and minor.

• Harper ConstructioncoreOthersFull-service General Contractor with a 70-year track record, widely regarded as one of the best GCs in the Southeast. Responsible for construction and buildout of the Chapel facility.
• Bluewater Civil DesigncoreOthersCivil design and sitework engineering firm based in Greenville, SC. Has successfully completed hundreds of projects in the region and brings deep knowledge and powerful relationships to the project.
• SHLTR ArchitectscoreOthersVisionary architecture firm with strong experience in adaptive re-use projects, including textile mill renovations and commercial properties. Responsible for Chapel's architectural design.
• No Walls StudiominorOthersConsumer-centered brand and design firm focused on helping developers build spaces that people love. Contributed to Chapel's brand identity and design direction.

Scale indicators5 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• Novel Coworking: Operator of design-forward flexible office and coworking spaces targeting small teams and entrepreneurs, with meeting and event space — comparable to Chapel in product mix and target segment, though without the kitchen coworking or restaurant component.
• Convene: Operator of premium meeting, conference, and event spaces combined with flexible workspaces and hospitality-grade F&B service — directly comparable to Chapel's blend of conference rooms, event rentals, and on-site restaurant/tap room for tenants and guests.
• Galvanize: Coworking operator that bundles workspace with learning programs (campuses, workshops) for tech and creative communities — comparable to Chapel's positioning of coworking as a community/learning hub, though focused on tech rather than food entrepreneurs.
• The Yard: Boutique coworking and event-space operator combining private offices, shared workspaces, and event venue rentals with food/beverage offerings — closely comparable to Chapel's full-service coworking + events + F&B bundle.
• Industrious: Premium flexible-office / coworking operator offering private offices, suites, and meeting rooms for teams and individuals — directly comparable to Chapel's flexible office membership product and target customer (teams of 2–20, professionals).

Emerging players

• Kitchen United: Shared commercial kitchen / kitchen coworking operator that gives food entrepreneurs professional kitchen space and a path to multi-channel distribution — a close parallel to Chapel's Kitchen Coworking product for restaurant entrepreneurs.
• Cooks Collaborative: Shared commercial kitchen and culinary incubator that supports food entrepreneurs with professional kitchens and programming — a narrower but directly comparable peer to Chapel's Kitchen Coworking vertical.

Broad incumbents

• WeWork: Largest global coworking and flexible-office operator with extensive event, meeting room, and community programming — overlaps heavily with Chapel's coworking + event rentals offering but at vastly greater scale and with a software-driven member experience.
• Spaces: IWG-owned flexible office and coworking brand offering offices, meeting rooms, and event space with a strong design and community identity — broad incumbent parallel to Chapel's mixed coworking/event/community model.

Regional players

• CoWork Greenville: Local Greenville-area coworking operator providing shared workspace and meeting rooms — direct regional competitor for Chapel's coworking membership base in the same Greenville, SC market.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Chapel