Office space provider WeWork is now in advanced discussions to take all 300,000 square feet of Rudin Management’s 110 Wall Street, which would represent a major coup for the Hurricane Sandy-ravaged building in Lower Manhattan.
Last year, after flood waters devastated the property at the corner of Front Street, Rudin Management CEO William Rudin was forced to cancel all of the leases in the building, the New York Post reported. But last month Crain’s reported that WeWork was considering a move to the massive space.
Representatives for Rudin Management declined to comment to the Post, while representatives for WeWork could not immediately be reached by the paper. It remains unclear whether the deal with WeWork would be structured as a regular lease or as a partnership, according to the Post.