WeWork’s Miguel McKelvey lists townhouse for $21M

The Greenwich Village abode is also being offered up as a $50K-per-month rental

New York /
Jan.January 02, 2020 09:45 AM
WeWork CCO Miguel McKelvey  and 18 West 11th Street (Credit: Getty Images and Google Maps)

WeWork CCO Miguel McKelvey  and 18 West 11th Street (Credit: Getty Images and Google Maps)

WeWork co-founder Miguel McKelvey is looking to part ways with his Greenwich Village townhouse.

McKelvey, the embattled flexible-office-space company’s chief culture officer, listed the 5,000-square-foot home for $21 million, the New York Post reported. Douglas Elliman’s Clinton Stowe and Melissa Bolotow have the listing, which is also being offered up as a $50,000-per-month rental.

He bought the property at 18 West 11th Street for $12 million in 2015, city records show.

The Weatherman — a militant political group later renamed Weather Underground — accidentally detonated a bomb in the basement in 1970, resulting in three deaths. The 1845 townhouse was remodeled in 1978 and features a rear garden with a private entrance, a central atrium, a radiant heating system and a two-floor master bedroom. The pad is just north of Washington Square Park.

McKelvey, who co-founded WeWork with Adam Neumann in 2010, has largely stayed out of the limelight amid the firm’s aborted public offering, diminished valuation and SoftBank takeover and rescue package.
McKelvey recently said the company’s troubles had shocked him and offered reassurances to a group of WeWork employees. [NYP] — Georgia Kromrei


Related Articles

arrow_forward_ios
Wendy Silverstein (Credit: Getty Images)

Wendy Silverstein, co-head of WeWork’s real-estate fund, is out

Wendy Silverstein, co-head of WeWork’s real-estate fund, is out
WeWork CEO Adam Neumann (Credit: Getty Images and iStock)

WeWork’s side businesses are fizzling

WeWork’s side businesses are fizzling
Sarah Pontius (Credit: Union College)

Another head rolls at WeWork

Another head rolls at WeWork
Clockwise from left: Ken Griffin, Michael Cantanucci, Albert Behler, Renata de Camargo Nascimento, Daniel Och and Sting and Trudie Styler

The stars and czars who’ve bought at 220 Central Park South

The stars and czars who’ve bought at 220 Central Park South
WeWork CEO Sandeep Mathrani (Getty)

WeWork losses continue but firm sees glimmer of hope

WeWork losses continue but firm sees glimmer of hope
Jennifer Berrent (Getty)

Chief legal officer Jennifer Berrent to leave WeWork

Chief legal officer Jennifer Berrent to leave WeWork
Sandeep Mathrani (WeWork)

WeWork eyes another IPO effort

WeWork eyes another IPO effort
WeWork CEO Sandeep Mathrani (Wikimedia)

WeWork tells members you must pay rent

WeWork tells members you must pay rent
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...