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Five years after driving WeWork into the ground, co-founder and ousted CEO Adam Neumann has now hatched a plan to buy it out of bankruptcy. In a letter to WeWork’s advisers obtained by The New York Times, Neumann and his new real estate business, Flow Global, express interest in buying the co-working space solution — but claim WeWork has been ignoring attempts to get more information so they can come up with a bid. — The Verge
WeWork, meanwhile, is beginning to walk away from even more properties under the direction of new CEO David Tolley after announcing an initial list of 40 that would be relinquished in November. Neumann had cited outside scrutiny as his main reason for leaving the company in September... View full entry
After officially filing for Chapter 11 bankruptcy protection last week, WeWork has released a subsequent list of 40 “underperforming locations” across New York City that the company hopes to walk away from over the coming months pending court approvals. The news was first made public via the... View full entry
At the end of 2019, Second Home Hollywood opened its doors to the Los Angeles area as a remedy for flipping the script on co-working spaces and a community-driven work environment. Designed by the Madrid-based studio SelgasCano, its fresh take on integrating the indoor-outdoor aesthetic... View full entry
PodShare's site is laden with millennial-friendly tech buzzwords, like the sharing economy, pod culture, nomadic freelancers, access not ownership, and even “Podestrians,” the company's name for guests, each of whom get profiles on its website.
“We’re creating a social network with a physical address,” said Beck. “Our open-floor model offers the highest rate of collisions for social travelers. We do not identify with hostels—we are a co-living space or a live-work community.”
— motherboard.vice.com
Related on Archinect: Can WeWork re-engineer the spatial dynamics of society?WeLive, WeWork's co-living venture, opens for beta testing in New York CityThe rise of communal living in New York View full entry
WeWork’s inspirational mottoes—"Do what you love," "Thank God it’s Monday," among many others—its evangelical faithful, and gatherings like the summit all have religious echoes..."Start imagining it a bit bigger," Neumann says about WeLive, stoking his idyllic view, "an entire building. And then instead of having just one building doing it, five buildings doing it. Then you’ll be able to imagine what a WeNeighborhood or a WeStreet would be." — Fast Company
This in-depth profile of WeWork founder and (pro-capitalist) visionary Adam Neumann is worth the read. Whether you like to freestyle your work and life or prefer the centuries-old model of deeded quiet, WeWork (and now, WeLive) is making a previously unsustainable model profitable. Is Neumann just... View full entry
The tower, owned by Rudin Management, currently has 260,000 square feet of floorspace that counts towards zoning, and of that, 133,000 square feet will become residential, resulting in 205 new apartments. The remaining 127,000 square feet will stay commercial. [...]
110 Wall Street will be WeWork’s first foray into residential development [...]
The inclusion of Class B dwelling units, which denote transient housing, likely signals living options will range from communal to private.
— newyorkyimby.com
According to CurbedNY, ARExA will head design on the renovation of WeWork's first residential project under its co-living offshoot, WeLive. Completion date is currently slated for March 2017. WeWork is also hiring multiple positions in New York at this very moment. Check out their listings here... View full entry
For a fledgling startup, finding an office in San Francisco can be a real nightmare. Rents are now climbing past $60 a square foot, second only to Manhattan in the US [...].
This means young startups have to get creative if they insist on staying within the city. And Westfield, one of the world’s largest mall operators, has a solution for them: Bespoke, a 37,000-square-foot coworking and event space within its shopping center in downtown San Francisco.
— qz.com