BIG Architects has revealed new renderings of the proposed rooftop addition to the 104-year-old Fifth Avenue Lord & Taylor building. WeWork purchased the building last year for $850 million and plans to make the property their new headquarters. Lord & Taylor will close after the 2018-19 holiday season sighting lack of profitability.
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Miguel McKelvey: Co-Founder / Chief Culture Officer
Global Workspace Leader, WeWork, to Expand Chelsea Presence
WeWork continues to rapidly expand in the Chelsea neighborhood. The $20 billion coworking giant signed a 100,000-square-foot lease at 214 West 29th Street with landlord Walter & Samuels. It will occupy floors two through eight at the 17-story office building between Seventh and Eighth Avenue.
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Hudson's Bay Company To Sell Landmark Fifth Avenue Lord & Taylor Building To WeWork
The landmark Lord & Taylor Building on Fifth Avenue is set to become the new WeWork Headquarters. In a deal valued at $850 million, Lord & Taylor's parent company, Hudson's Bay Company, will sell the iconic building to the 7 year old, co-working office space venture, as pressure on retail continues in the ever changing retail marketplace.
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