Monday, August 29, 2016

New York-based WeWork picks Uptown tower for first North Texas location

WeWork is taking two floors in the new 1920 McKinney project. 












One of the country's biggest coworking office providers has landed in Uptown with its first North Texas outpost.
New York-based WeWork is renting two floors in the new 1920 McKinney office tower, which is a block north of Klyde Warren Park.
The company will occupy more than 40,000 square feet on the seventh and eighth floors of the office tower, according to Dallas building permits tracked by Buildzoom.com.
Almost $6 million is being spent to build out the new WeWork office.
WeWork - which has locations in more than a dozen major U.S. markets - looked at multiple locations in central Dallas before picking the new Uptown tower, property agents say.
The 6-year-old shared office company has already has a location in Austin.
And the firm has expanded internationally with locations in Canada, German, the U.K., the Netherlands and Israel.
Earlier this year WeWork authorized the sale of $780 million in stock.
WeWork is one of several companies in North Texas that plan to provide collaborative office space for start up companies, creative firms and other businesses that utilize the flexible workspace.
Written by Steve Brown/Dallas Morning News