Vancouver has something like this, only more elaborate - http://abetterplacetowork.com/ . I can also say, from DabbleDB's experience, that:
- 5-6 people can work quite well together in a boardroom type space, all sitting around a long table together, especially if they're all used to working on laptops anyway
- having the executive office in the back is important so you have somewhere for private meetings and phone calls
- sharing office space is fun if you like the other company (we've had both Snipshot and Auctomatic subletting from us at different times)
- even if you have the office space full time (which we do), people will probably only show up 3 days a week or so (at least for us, we're most likely all found in the office from about 11-6 on Tue-Thurs, and spend the rest of the time working from home/cafes/etc).