WeWork Looks Into Closing Its Coliving Brand
Reports have revealed that WeWork is looking to shutter its coliving brand WeLive, which is based in Arlington’s Crystal City just outside of Washington D.C.
This program was one of many pipe dreams attempted under former CEO Adam Neumann’s leadership. The company also launched a school coined WeGrow, which closed last year.
This news comes after the company has been looking to offset its nonessential holdings, such as various acquisitions and stakes in other companies like female-oriented coworking firm The Wing.
WeWork is also subject to a lawsuit after walking back on a deal for a $450 million investment in a San Francisco development that was intended to showcase WeLive.
Now, the company has been offering discounts for the coliving program, including two free months if tenants sign annual leases for its locations in Crystal City and Wall Street.
Latest on Daily Digest