WeWork adds Midtown location
WeWork, whose co-working spaces have been called "an office utopia designed for millennials", has secured a deal for four floors in New York's Plaza District, its first location in Midtown's priciest office location. The 60k sq ft, 13-year lease at Charles S. Cohen's Tower 57 brings the occupancy rate for the tower up to 80%. WeWork has 30 locations in New York City, is valued at $10bn and occupies 2 million square feet in 30 cities worldwide.

The relentless march north of WeWork continues. The burgeoning co-working/community space provider just made its first move into the Plaza District — a 60,000- square-foot lease at Charles S. Cohen’s 135 E. 57th St.

The deal for four floors represents WeWork’s first location in Midtown’s priciest office environs.

In New York, the service already has facilities in buildings from FiDi to Harlem, as well as in Brooklyn and Queens.

The company, founded by Adam Neumann and Miguel McKelvey, has been valued at $10 billion and now boasts around 2 million square feet in 30 cities around the world.

Reps for Cohen and for WeWork declined to comment on terms of the new, 13-year lease at 135 E. 57th, aka Tower 57, but Midtown market sources said the space had an asking rent of $80 a square foot.

The deal brings the tower to about 80 percent office occupancy. Cohen also recently leased most of its two-level retail space to Saks OFF 5th.

WeWork was repped by Savitt Partners’ Schoen team. Cohen was repped in-house by Senior VP Marc Horowitz.

WeWork’s open-plan, communal spaces have been called “an office utopia designed for millennnials.”

Nobody more than Realty Check wants to see The Four Seasons restaurant find a new home when its lease ends at the Seagram Building in July.

But while my colleague Richard Johnson accurately reported on Sunday that Four Seasons partners Alex von Bidder and Julian Niccolini have tapped architectural critic Paul Goldberger to advise on designing their new dining palace at 280 Park Ave., one crucial detail remains to be resolved.

Namely, a deal has yet to actually be completed between von Bidder and Niccolini and 280 Park Ave.’s owners, Vornado Realty Trust and SL Green.

With any luck, a lease will be signed and executed soon — but all who love The Four Seasons should hold the Champagne until then.