CINCINNATI — Online auction company Everything but the House has downsized its headquarters as it relocates from Downtown to Over-the-Rhine.
The 10-year-old startup moved to the Strietman Center at 235 West 12th Street, occupying about 5,000 square feet. That's less than half the size of its former headquarters at Fourth & Walnut Centre, which is being vacated as part of a plan to bring two new hotels to the building.
CEO Scott Griffith said the company's move to OTR will be good for the entrepreneurial spirit at EBTH.
"We're thrilled to be in our new space," Griffit said in a press release. "The vibe in the building and the surrounding neighborhood really matches the culture we're seeking to build at EBTH. The space not only meets our needs today but also allows us for future growth."
EBTH shed more than 400 jobs last year, including about 300 in Cincinnati, as Griffith implemented a new strategy to focus on its most profitable cities. The company closed 17 of its 27 locations in the process.
Griffith is a former EBTH board member who is best known for growing the rental car startup Zipcar to a $300 million enterprise. He has previously vowed to keep the locally grown company in Cincinnati.
But a recent lawsuit showed just how steep a hill he must climb. The lawsuit cited internal company documents showing EBTH lost more than $3 million a month in the last four months of 2016, even as revenue grew to record levels.