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WeWork said Thursday that it was going to close roughly 40 “underperforming” locations in the United States and tempered its revenue forecast for the year, highlighting the challenges the co-working company still faces after its near collapse and subsequent bailout in 2019. — The New York Times
The company reported a pre-pandemic level matching 71% occupancy rate for Q3 but will fall short of previously projected revenue values for the year owing to “lower than expected” growth in the U.S., Canada, and Japan. Its own S9-designed Dock 72 corporate offices in Brooklyn were also reduced... View full entry
As is frequently discussed on Archinect, the COVID-19 pandemic has accelerated the already-bourgeoning trend of companies offering remote working options to employees. In our recent survey of the architectural community’s plans to return to offices after the pandemic, only 29% of respondents... View full entry
Last week, we published the results of our survey of the architectural community, which focused on workplace trends and a return to offices. Key findings from the survey, which can be read in its entirety here, included the finding that just over half of respondents had either returned to... View full entry
Before the Covid-19 pandemic forced most office workers to indefinitely take their work home, the New York-based WeWork had a dramatic rise and fall. With a widely-reported, botched IPO in 2019, the office space company’s ascent was emblematic of an unprecedented alliance between data, finance... 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
MVRDV has completed construction of Concordia Design, a mixed-use building filled with co-working spaces, an event venue, a food hall, a café, and a rooftop terrace. The project is located on Słodowa Island in Wrocław, Poland and entails the renovation and extension of a 19th-century... View full entry
Anyone remember MVRDV's Dutch Pavilion at the 2000 World Expo in Hanover, Germany? With its six layers of distinct Dutch landscapes stacked into one compact tower, the highly conceptual attraction was an instant audience favorite and a seminal early project in the studio's history. Since then... View full entry
With its stunning interiors and handsome brick facades, the Bradbury Building has remained one of Los Angeles' architectural treasures for nearly 120 years. The building was constructed in 1893 and showcases Victorian-style interiors complete with ornate cast-iron railings, polished woodwork... View full entry
With their designs for a new flagship co-working environment "ShareCuse" in Syracuse, New York, Austin, Texas-based Architecture Office aims to reimagine the concept of an office cubicle by creating a "flexible office organization that does not kill the work... View full entry
Sou Fujimoto Architects has unveiled a proposal for the firm's first project in the New York City. The Collective, as the 10-story residential mixed-use development is known, is set to rise in Brooklyn's Bedford-Stuyvesant neighborhood. When completed, the project will bring 440 housing units and... View full entry
A sea of canary yellow office pods is taking shape on a dusty lot off of Sunset Boulevard in Los Angeles. There, Spanish architects Selgascano and global co-working platform Second Home are busy finishing out the group’s new 90,000-square-foot Hollywood outpost, a mesmerizing construction site... View full entry
Los Angeles is filled with members-only workspaces that are quickly becoming overcrowded and perhaps not filled with enough women. However, this past week the "women's - focused co-working and networking space" The Wing opened its first LA location. Located in West Hollywood off of Santa Monica... View full entry
The We Company will be comprised of three main business units: WeWork, its main office business; WeLive, a fledgling residential unit; and WeGrow, a still-evolving business that currently includes an elementary school and a coding academy. Although the company could not provide specifics, it says plans are in the works to build out its residential and education units this year. Also — Fast Company
Early this week, WeWork's CEO Adam Neumann revealed significant changes to the infamous co-working space that took the globe by storm when it opened their first workspace in 2010. Quickly becoming one of "the fastest-growing lessee of new spaces in America," by 2014, the company seemed... View full entry
People's Architecture Office has applied their unique approach to accessible and affordable design to the new office headquarters for the Leping Foundation. Known for creating modular buildings with portable, detachable parts, the Beijing-based studio has completed a flexible office design... View full entry
The company is negotiating a lease in 1 World Trade Center to take over about 200,000 square feet in the building, a source close to the deal told CNNMoney.
WeWork recently became the second-largest renter of office space in the borough, according to a Cushman & Wakefield report earlier this month. WeWork trails just about 74,000 square feet behind JPMorgan's New York tenancy. If the deal goes through, WeWork would surpass the bank.
— money.cnn.com
According to Crain's New York Business, WeWork is close to finalizing the lease with 1 World Trade Center. The co-working space company has grown tremendously in the past 8 years it has been operating with offices now in over 20 countries around the world. For more backstory on WeWork's... View full entry
