After losing its bid for a space at One World Trade Center last fall, WeWork is coming back to downtown.
The coworking operator signed a roughly 200,000 square foot lease at 199 Water Street, according to Jack Resnick & Sons, the building’s landlord.
The deal will allow the company to bounce back after it was dropped by the Durst Organization at One World Trade Center, where WeWork was seeking out 200,000 square feet of space.
Douglas Durst, chairman of the Durst Organization said that the company was receiving higher rent offers from competing tenants.
Resnick’s new deal with WeWork gives the firm the top five floors of the 35-story 1.1 million square foot Water Street Tower.
“These new leases speak to the quality of our building, its desirable waterfront location and its highly efficient floorplates, modern infrastructure and responsive, hands-on ownership,” said President Jonathan Resnick.
