WeCompany, formerly known as WeWork made significant company transitions earlier this year. Now venturing beyond the shared workspace and leasing office business model, the WeCompany closed and confirmed its purchase of the historic Lord and Taylor flagship in January. News of the building purchase was announced in October 2017. Since then, the global enterprise has made moves that have public watching. 

Built by Starrett and Van Vleck Architects in 1914, the 11-floor building is considered one of New York's iconic structures. The firm is heavily responsible for New York department store design during the early 20th century. The Lord and Taylor Building was the firm's first major department store project and in 2007 was cited as a historic New York City landmark. Upon the building's purchase, the WeCompany stated on their company blog that the renovation will "build new life while honoring the past."

Earlier this month the WeCompany's chief project architect, Bjarke Ingles, obtained construction permits for the building. With preservationgoals in mind, the company has shared its plans to restore various elements of the structure. In addition, renovation plans to the restore building's iconic bay windows are set to take place. The WeCompany has also expressed the renovation of its rooftop courtyard which is said to be the city's largest and most intact rooftop in the area. Preservation consultant Higgins Quasebarth and Brooklyn-based developer LIVWRK will also be involved in the renovation process. 

As exciting as the building's construction details are the financial logistics of this acquisition have also been in the spotlight. Investments made towards the billion dollar enterprise has been pitted against the current economic climate. However, WeCompany's plans have persisted nonetheless. Throughout the company's growth, nothing seems to intimidate their efforts, as of yet.