Uber looking for large Manhattan office ahead of planned $100B IPO

Ride hailing startup is checking out buildings in Midtown, World Trade Center

TRD New York /
Apr.April 24, 2019 04:30 PM
Uber CEO Dara Khosrowshahi and Bryant Park (Credit: Uber and Wikipedia)

Uber CEO Dara Khosrowshahi and Bryant Park (Credit: Uber and Wikipedia)

Ride-hailing startup Uber is looking for a big new office in Manhattan ahead of its anticipated $100 billion initial public offering next month.

The company has been scoping out buildings in Midtown near Bryant Park and 3 World Trade Center for somewhere between 250,000 and 300,000 square feet, sources told Crain’s.

CBRE is handling the company’s search.

Uber in February signed a lease for a new 35,000-square-foot office at 1400 Broadway in Midtown. And it already has an office near Hudson Yards at the Terminal Stores measuring roughly 64,000 square feet.

It wasn’t immediately clear if Uber plans to consolidate any of its existing offices into a new space.

Uber filed paperwork earlier this month disclosing that it plans to seek a valuation as high as $100 billion through its IPO. The city last summer put a cap on the number of licenses it doles out to large ride-hailing companies for one year following a spate of suicides by drivers hurt by the industry’s rapid explosion. [Crain’s] – Rich Bockmann

 

Related Articles

arrow_forward_ios
John Legere (Credit: Getty Images)

WeWork reportedly in talks to hire T-Mobile exec as CEO

Daily Digest Thursday

Worker killed at Lam Group construction site, Uber signs WTC lease: Daily digest

(Credit: iStock)

Small Talk: Every community meeting. About every development project. Ever.

An example of roll-off waste management (Credit: YouTube, iStock)

A win for big building owners in trash-collection fight

Duke Long and Poshtel International CEO Morten Lund

“I can talk about erections all day”: NAR tech consultant’s bizarre fireside chat

WeWork co-CEOs Artie Minson and Sebastian Gunningham (Credit: Getty Images and Twitter)

Meet WeWork’s new co-CEOs

Council member Vanessa Gibson (Credit: New York City Council)

Commercial landlords face new fines as City Council passes anti-harassment bill

From left: Pavel Fuks, Michael Cohen, Felix Sater, and Donald Trump (Credit: Getty Images and Wikipedia)

As House begins impeachment inquiry, here’s what we know about Trump’s Ukraine-real estate ties

arrow_forward_ios