WeWork to more than double Detroit footprint with new TechTown space
The New York City-based company, whose parent is We Co., has signed a lease for more than 91,000 square feet at 6001 Cass Ave. at York Street, Dan Austin, a spokesman for Detroit-based developer and landlord The Platform LLC said Wednesday evening.
That adds to the more than 85,000 square feet WeWork has spread across 11 floors in a pair of Dan Gilbert-owned buildings downtown: 1001 Woodward Ave. (four floors) and 1449 Woodward Ave. (seven floors).
Space at 1001 Woodward starts at $300 a month for a desk in a common area, $380 a month for a dedicated desk and $580 per month for a private office. At 1449 Woodward, desks in common areas start at $300 per month, while dedicated desks start at $440 per month and private offices start at $590 per month.
Leor Reef, a local spokesman for WeWork, said Wednesday evening that he was unable to disclose additional information about the Cass Avenue spot.
WeWork has been pushing forward on an IPO although there have been concerns about the company as it continues to lose money. Its valuation has wildly fluctuated, Bloomberg reported Wednesday morning: Some as high as $65 billion and perhaps as low as $15 billion.
Posted By: Crain’s Detroit Business on September 11, 2019. For more information, please click here to read the source article.
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