“PropTech Place” will serve as an NYC hub for innovators in the real estate technology space.

Real estate technology has seen unprecedented innovation—not to mention investment—over the last few years. And now, thanks to a new facility from venture capital fund MetaProp, the industry stands to gain even more ground, especially in the New York market.

The VC has just announced the launch of its “PropTech Place”—a hub for all things property tech-related. Located at 214 W. 39th Street in Manhattan, the spot boasts co-working spaces, curated “PropTech” exhibits and a full calendar of educational events and programming.

MetaProp itself has even relocated to the property and expects to invest an additional $3 million into its development over the next five years.

It’s just the latest move in establishing New York City as one of the world’s technological leaders. Last month, Savills named the Big Apple the No. 1 tech city in the nation. And though Amazon might have called it quits on its NYC headquarters, other tech giants have stepped in to fill the void. Google announced plans for a West Village campus late last year, and Facebook is said to be considering a Manhattan expansion.