WeWork Has Officially Parted Ways With WeLive
WeWork has parted company with its coliving brand WeLive and handed over management of its two locations. The two WeLive locations are based in Northern Virginia’s Crystal City neighborhood and on Wall Street in Manhattan.
The Crystal City location in Arlington has been taken over by coliving operator Common, while the Manhattan location at 110 Wall St. is currently being managed by the building owner, Rudin. WeWork is still operating the coworking location in the building.
A spokesperson said: “While WeWork will no longer be operating the WeLive space at these locations, WeWork is incredibly grateful to have been a part of the WeLive NYC and Crystal City communities and is excited for their future success under Rudin Management and JBG SMITH’s continued leadership, respectively.”
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Although WeLive is under new management, Common is “continuing to grow exponentially” according to Senior Managing Director of Real Estate, Amalia Paliobeis (comments made in April 2021). The company has taken over 2,000 units from other property managers over the past 12 months, according to Paliobeis, and plans to take over another 1,500 in the next year.
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