A former shipping and freight center will house a 30,000 square meter tech hub, the largest in the world, set to open in 2016.

The Municipality of Paris has officially announced plans for a massive startup incubator to be located in La Halle Freyssinet, a former shipping and freight center. The space, which is currently used as a conference center, will be transformed into a 30,000 square meter space dedicated to innovative new ventures. Plans include both open and private office spaces, auditoriums, a 24-hour restaurant and bar, event facilities, and other services to benefit the entrepreneurial community.

Fitting the hub's name, 1000 Start-Ups, the city hopes to attract 1,000 new companies from France and around the world, turning the 13th arrondissement into the new Parisian tech hub. The project is jointly financed by French entrepreneur and businessman Xavier Niel and French financial organization Caisse des Dépots. French architect Jean-Michel Wilmotte is responsible for the design. Construction is scheduled to begin in 2014 with an intended completion date in 2016.

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