Burgeoning (and beleaguered) tech start-up WeWork will commence its first foray into the residential market by converting a 27-story tower at 110 Wall Street into an apartment building. Yimby reports that the building, which currently houses 260,000 square feet of space, will be converted into 205 apartments, with 127,000 square feet that will remain in use as commercial space.
In December 2012, there were talks to convert 110 Wall Street into apartments because of the building's small floor plates, but the building was badly flooded from Hurricane Sandy, causing owner William Rudin to cancel every office tenant's lease. Almost a year later, WeWork was in discussions to take control of the building. The building, which is still owned by Rudin Management, will get a refresh to its façade with new windows. The delivery is slated for March 2017,
with FXFOWLE in charge of designing the building with ARExA leading the building's design in collaboration with WeWork. Perkins Eastman S9 is the project's architect of record.
WeWork is quickly expanding across New York City, with plans in place for offices in Brooklyn (at the Navy Yard and in "Dumbo Heights," i.e. one of the Watchtower buildings), Harlem, and beyond.
· WeWork's Planned Conversion Of 110 Wall Street Revealed, Financial District [YIMBY]
· Sandy-Damaged 110 Wall Street May Convert to Apartments [Curbed NY]
· All WeWork Coverage [Curbed]