Frisco's Makers Gym, a creative coworking space, will officially cease its operations this month.

The coworking space team cited several reasons for closure, including rising operational costs and the need for a larger creative market, according to a Nov. 25 newsletter sent by the group. A new Makers Gym location is being explored with new opportunities for creative spaces, the newsletter stated.

Makers Gym was founded by Terrance Price and opened in March 2021. It features shared spaces that creatives could book, including sound stages, photo studios, editing studios and podcast studios, along with other general meeting rooms. The space also offers equipment for rental such as microphones and camera equipment.

Makers Gym is hosting its final First Friday Open Mic Night De. 5 from 7:30 p.m.-12 a.m.