Lord & Taylor Building, Icon of New York Retail, Will Become WeWork Headquarters
- 7 years ago
Lord & Taylor Building, Icon of New York Retail, Will Become WeWork Headquarters
The Hudson’s Bay deals are meant to give WeWork prime real estate, particularly in Midtown Manhattan, with
a way to blend street-level retail space with upper-floor real estate more useful for shared office space.
One of Hudson’s Bay’s shareholders, the real estate investment firm Land and Buildings Investment Management, has pushed for the company to sell the Saks store, suggesting
that it might be desirable to a hotel developer or as a brick-and-mortar space for the online giant Amazon.
The Hudson’s Bay deals are meant to give WeWork prime real estate, particularly in Midtown Manhattan, with
a way to blend street-level retail space with upper-floor real estate more useful for shared office space.
One of Hudson’s Bay’s shareholders, the real estate investment firm Land and Buildings Investment Management, has pushed for the company to sell the Saks store, suggesting
that it might be desirable to a hotel developer or as a brick-and-mortar space for the online giant Amazon.