The Real Deal New York

WeWork kicking out Chelsea tenants to expand headquarters

Roughly 500 tenants will move out of the space
October 09, 2017 04:30PM

Inside the WeWork space at 115 West 18th Street, Miguel McKelvey and Adam Neumann (Credit: WeWork)

WeWork is giving roughly 500 tenants at its Chelsea locations the boot to make way for a bigger corporate headquarters.

The co-working giant has announced that it will no longer accommodate hundreds of tenants at 115 West 18th Street, Crain’s reported. The co-working facility, which spans 80,000 square feet, will be converted into more space for WeWork’s office in the building.

“For most of 2017, WeWork HQ employees have been operating across multiple locations in New York,” a WeWork spokesperson said. “This move will put the company under one roof.”

The additional space will allow WeWork to consolidate employees from its other offices at Tower 49 at 12 East 49th Street.

Some of the co-working space’s tenants were upset that they were only given to the end of the month to relocate. WeWork is allowing some tenants to stay past the end of October and is offering free rent. [Crain’s] — Kathryn Brenzel