WeWork may launch a third WeLive centre in New Jersey
WeWork’s third “WeLive” co-living centre in America may find its home in New Jersey as the office sharing firm considers working with developers to turn part of a new 57-storey development into a WeLive space. The developer, Kushner Companies, plans to develop the $400m block in 2018, and WeWork is said to be considering the installation of a 101k sq ft co-working and co-living space after winning a $59m award last year from the New Jersey Economic Development Authority for the project. WeLive, which provides rooms or apartments from upwards of $1,375 per month, is already operating in New York and Washington DC.

Jersey City could become home to WeWork’s third co-living location in the U.S. The shared office company and Kushner Companies are mulling turning part of the 57-story development One Journal Square into a WeLive space, according to a source familiar with the project.

Kushner Companies plans to complete the $400 million tower, developed in partnership with WeWork and KABR Group, in 2018. According to previous news reports, WeWork will run a 101,000-square-foot co-working space in the building. The co-working company in November won a $59 million award from the New Jersey Economic Development Authority for the project, which the authority estimates will create 723 full-time jobs.

Kushner Companies and KABR bought the site for $27 million in January 2015 and are also partnering on two other Jersey City developments at 30 Journal Square and at 65 Bay Street.

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In April, WeWork officially launched its first co-living space under the WeLive brand in Rudin Management’s 110 Wall Street in lower Manhattan. WeLive tenants can rent rooms or beds in shared apartments for upwards of $1,375 per month in the tower, which also includes a co-working space. The company also operates a WeLive in Vornado Realty Trust’s Crystal City office complex outside Washington, D.C.

Representatives for Kushner Companies and WeWork declined to comment.