Embattled WeWork Expands into New SoHo Development with 5-Story Workspace
WeWork just opened its latest downtown co-working location, with an enormous stake in a new SoHo development. Nameplate is up.
The embattled company took a chunk of 140 Crosby Street (aka 606 Broadway), which came on line last year.
The footprint is massive, with office space sprawled across five floors of the modern building. For those choosing to work here, the “transition from work to play is seamless.”
Below is the site description:
Leading designers, emerging artists, and advertising execs are all at home in SoHo—and our vibrant Crosby Street office mirrors the creative energy of the area. Ideally situated at the corner of Houston and Broadway, this five-story workspace caters to a diverse mix of professionals. Greet a client in one of the light-filled lounges, touch base with the team in a modern conference room, then enjoy heads-down productivity in your own private office. Keep your commute simple with the 4, 6, B, D, F, M, N, Q, R, and W trains just a few blocks away. For a break between meetings, grab coffee with a colleague at Housing Works Bookstore & Cafe, head to Washington Square Park for a breath of fresh air, or browse the many eclectic shops and boutiques dotting the surrounding streets. Thanks to a plethora of famed restaurants and popular happy hour spots, the transition from work to play is seamless at this location.
Madison Capital previously purchased the 6,190 square-foot parcel from the city for $26 million, and teamed up with Vornado to construct the 35,000 square-foot, “modern” office complex. They rebuilt the Broadway-Lafayette subway entrance and added an HSBC bank branch.
The We Company parent has been dragged through the mud the last several months. It suffered a meltdown as its public offering imploded toward the end of last year.