Bankrupt WeWork gives up Fulton Market space to Chicago co-working startup Workbox

Bankrupt co-working giant WeWork is keeping eight of its nine Chicago locations after finalizing lease renegotiations during its ongoing Chapter 11 reorganization.

“During Chapter 11, we made the difficult decision to end our operations at 220 N. Green Street,” a WeWork spokesperson said in an email. “All impacted members have been previously notified and offered relocation assistance to other locations where possible.” Meanwhile, Workbox is jumping in to fill part of the void, signing a long-term lease on WeWork’s six-floor, 60,000-square-foot Fulton Market space, with plans to keep the doors open during the handoff. It will be the third and largest discarded WeWork location to make the transition to Workbox.

Workbox previously grabbed the space at 125 S. Clark St. in the Loop, which WeWork vacated in November. The co-working space reopened in January as the first WeWork-to-Workbox transition.WeWork opened the co-working space at 220 N. Green St. in 2015. But it may have become expendable after opening a second Fulton Market location at 167 N. Green St. in May 2022.

“We really go after small early and growth stage businesses,” Wallace said. “We provide office space just like our peers do, but we also have a venture fund, an accelerator and do a lot of programming revolving around building businesses.”

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

Fulton Market developer creating a life sciences campus, including neighborhood’s first public parkThe campus will include up to six high-rises with apartments and laboratory space for life sciences and other research companies.
Sumber: chicagotribune - 🏆 8. / 91 Baca lebih lajut »

The market at a glance: What makes the Tucson real estate market so attractiveBlake Phillips, originally from St. Louis, Missouri, joined KGUN 9 as a multimedia journalist and reporter in October of 2023.
Sumber: kgun9 - 🏆 584. / 51 Baca lebih lajut »

Strong Market Breadth Suggests Bull Market Still Has Room to RunStocks Analysis by Investing.com (Calogero Selvaggio) covering: S&P 500, iShares Russell 1000 Growth ETF, iShares Russell 1000 Value ETF, Communication Services Select Sector SPDR® Fund. Read Investing.com (Calogero Selvaggio)'s latest article on Investing.
Sumber: Investingcom - 🏆 450. / 53 Baca lebih lajut »

The Mediterranean Gourmet Market (Verified Dupont Beer, Wine, & Gourmet Market) Closed1717 Connecticut Ave, NW The Mediterranean Way Market opened here back in 2013 (changed their name to Verified Dupont Beer, Wine, & Gourmet Market at some point.) Thanks to Andrea for sending: 'The small Italian market (1717 Conn Ave NW) closed up earlier this month.
Sumber: PoPville - 🏆 435. / 53 Baca lebih lajut »