WeWork in talks to offer classroom space for NYC private schools

CEO Sandeep Mathrani says schools will be able to operate in-person but at reduced capacity

TRD New York /
Jun.June 17, 2020 09:30 AM
WeWork CEO Sandeep Mathrani (iStock, Getty)

WeWork CEO Sandeep Mathrani (iStock, Getty)

WeWork is hitting the books this summer.

The office giant is in talks with New York City private schools to turn some offices into classrooms, WeWork CEO Sandeep Mathrani said during an appearance on CNBC’s “Squawk Box” with Andrew Ross Sorkin.

Mathrani said the pandemic has given rise to the need for flexible space and pointed to the talks with private schools as one example of how WeWork’s product would find utility in this new world.

“Even schools are going beyond just thinking about it in a structured way,” he said during the TV segment. “They’re opening their minds of how to bring children back into schools.”

If the schools were to follow through on the offer, they would be able to operate at reduced density while holding in-person classes in WeWork locations around the city. Mathrani said WeWork would extend similar offers to public schools “if we’re able to have that conversation.”

The idea of WeWork getting into school space comes after the company’s private elementary school shutters. Last October, the company announced the 2019 to 2020 school year would be WeGrow’s last year in operations as WeWork focuses on its shared office business. The company is also mulling a sale of its co-living business, WeLive.

WeWork’s recommitment to its fundamental business of shared-office space came after CEO Adam Neumann stepped down following the company’s botched initial public offering last September. [CNBC] — Erin Hudson


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
WeDone: South Beach landlord seeks to evict WeWork for unpaid rent

WeDone: South Beach landlord seeks to evict WeWork for unpaid rent

WeDone: South Beach landlord seeks to evict WeWork for unpaid rent
Major new leases of Q2 2020 included the SEC’s 241,000 sq ft lease at 100 Pearl Street (Downtown), Match Group's 41,000 sq ft lease at 60-74 Gansevoort (Midtown South) and TikTok’s 232,000 sq ft lease at 151 West 42nd Street (Midtown) (Google Maps, BKSK Architects)

Bad to worse: Manhattan office leasing sees slowest quarter since 2009

Bad to worse: Manhattan office leasing sees slowest quarter since 2009
154 Grand Street and WeWork CEO Sandeep Mathrani (WeWork, Getty)

Where it all started: WeWork to shutter first-ever location

Where it all started: WeWork to shutter first-ever location
Match Group CEO Shar Dubey with a rendering of 60-74 Gansevoort and (inset) 555 West 18th Street (BKSK Architects, Google Maps)

A Match made in Meatpacking: Tinder, Hinge parent company signs lease on Gansevoort Row

A Match made in Meatpacking: Tinder, Hinge parent company signs lease on Gansevoort Row
1633 Broadway and Paramount CEO Albert Behler (Google Maps, Getty)

TRD Insights: The rents at Paramount Group’s 1633 Broadway

TRD Insights: The rents at Paramount Group’s 1633 Broadway
arrow_forward_ios

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

Loading...