COEUR D’ALENE, Idaho --- The Old Elks building that has stood vacant for close to 30 years is in for a change.

Nick Smoot and his two partners, who purchased the building, have another vision for the 100-year-old vacant building.

"This will be the side that houses the co-working space," said Smoot.

Smoot and his partners are hoping the building becomes the tech hub of the Inland Northwest.

They plan on calling the building The Innovation Den.

"The Innovation Den is a space that will house tech companies that are creating the future along with the other pieces that it takes for them to accomplish that task,” said Smoot.

Smoot said the space is not a business incubator, but rather a business accelerator.

Three companies have already signed on to have office space in the building

Smoot hopes to offer varying sizes of office space to other growing tech firms.

The idea involves shared common space and hopefully, a shared vibe and mindset.

While there will be personal office spaces, the café in the building will be open to the general public.

"We have been talking to the farmers market about having them here in bad weather,” said Smoot.

However, The Lair, a lounge and bar will be for members only.

Smoot said he hopes to have the building up and running by next March.