349 Fifth Avenue
You might one day be able to find a table at Starbucks again, if We Work has its way.
The providers of temporary office space with hipster-inspired décor have leased the entire office portion of 349 Fifth Avenue, at 34th Street. The Brooklyn company was born to provide relief to lonely freelancers for roughly the cost of 30 overpriced cups of coffee a month.
Their first Manhattan location was in Soho at 154 Grand Street. Now they’re also coming to a new meatpacking district locale at 1 Little West 12th Street.
At Fifth Avenue, the company has taken 43,000 square feet for 15 years. The asking rent was $39 a square foot.
The deal was negotiated without brokers by David and Dario Zar of Zar Property NY, which bought the building from JPMorgan Chase last year.
The New York Post first had news of the deal.