in april 2017 plans to add a large condo building above the store were discussed, though they never materialized. that october, it was reported that the company planned to sell the fifth avenue store and headquarters building to wework for a reported $850 million. wework was to occupy three quarters of the building, leaving two to three floors for lord & taylor's retail space. the sale was officially finalized in february 2019. as part of the final transaction wework converted $125 million of the purchase price into equity, forming a joint venture for the building ownership.