Foursquare will soon say goodbye to its longtime office mates at 36 Cooper Square, Betabeat has learned. The startup which raised a $50 million round of funding over the summer, has vastly outgrown the 7,600 sq. ft. at the hip East Village digs it shares with Curbed and web design shop Hard Candy Shell, and is negotiating a sublease for the top two floors at 568 Broadway.
Nothing has been signed, but the deal has been in the works for more than two weeks and appears set to close soon. “We’re in the process of drafting the lease with Foursquare,” said Richard Pierpoint, real estate manager for Scholastic, which leases the space from the building’s owner. Read More