Adam Neumann and Miguel McKelvey’s shared workspace provider WeWork is close to inking a lease for as much as 60,000 square feet at the Durst Organization’s 205 East 42nd Street in Midtown East.
If the deal goes through, it would mark the company’s 12th space in Manhattan. WeWork would occupy two or three floors – between 40,000 and 60,000 square feet – at the 21-story property near Third Avenue.
Yesterday, it was reported that the Yard, a WeWork rival, signed a 16-year lease for 23,134 square feet at 885 Sixth Avenue in Midtown.
In January, WeWork signed for roughly 115,000 square feet at 113-133 West 18th Street, about a block away from Twitter’s new headquarters, as The Real Deal reported at the time. [Crain’s] — Mark Maurer