2019-10-07 — bisnow.com
This summer, it seemed WeWork was about to land a massive lease with Amazon at the Lord & Taylor Building. But that deal is reportedly dead in the water, and WeWork could have a big problem on its hands. Talks between the e-commerce giant and the embattled coworking company have fallen apart, the New York Post reports. Amazon is now favoring a 400K SF lease at SL Green's 460 West 34th St. development, a deal that is close to final.
WeWork signed a lease with WeWork Property Investors after the purchase for the entirety of the 660K SF building, paying $105 per SF, which is well above the $80 per SF usually paid in the area, per the Post. It was first going to use the location for its new headquarters, though that idea was thrown into question after the Amazon rumors surfaced.
... However, in an online poll of more than 500 Bisnow readers published this week, 54% of respondents said they expect WeWork to file for bankruptcy.
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