• Events
  • Marketplace
  • Resources
  • Press Releases
  • Business Directory
  • About Us
  • Advertise
  • Contact
The FUTURE OF WORK® since 2003
Allwork.Space
Subscribe
  • All Topics
    • Business
    • Biophilic Design
    • Career Growth
    • Coliving
    • Collaboration
    • Coworking
    • CRE
    • DE&I
    • Digital Nomads
    • Future of Work
    • Home Office
    • Human Resources (HR)
    • Hybrid Work
    • Investment
    • Leadership
    • Marketing
    • Mental Health
    • Mergers & Acquisitions
    • Office Furniture
    • Productivity
    • PropTech
    • Remote Work
    • Self-care
    • SMBs
    • Social Impact
    • Space-as-a-Service
    • Technology
    • Virtual Office
    • Work-life Balance
    • Workforce
    • Workplace Design
    • Workplace Wellness
  • News
  • Business
  • Leadership
  • Work-life
  • Career Growth
  • Tech
  • Design
  • Workforce
  • Coworking
  • Marketing
  • CRE
  • Podcast
  • More
    • Advertise With Us
    • Marketplace
    • Events
  • All Topics
    • Business
    • Biophilic Design
    • Career Growth
    • Coliving
    • Collaboration
    • Coworking
    • CRE
    • DE&I
    • Digital Nomads
    • Future of Work
    • Home Office
    • Human Resources (HR)
    • Hybrid Work
    • Investment
    • Leadership
    • Marketing
    • Mental Health
    • Mergers & Acquisitions
    • Office Furniture
    • Productivity
    • PropTech
    • Remote Work
    • Self-care
    • SMBs
    • Social Impact
    • Space-as-a-Service
    • Technology
    • Virtual Office
    • Work-life Balance
    • Workforce
    • Workplace Design
    • Workplace Wellness
  • News
  • Business
  • Leadership
  • Work-life
  • Career Growth
  • Tech
  • Design
  • Workforce
  • Coworking
  • Marketing
  • CRE
  • Podcast
  • More
    • Advertise With Us
    • Marketplace
    • Events
No Result
View All Result
Allwork.Space
OfficerRnD_ Flex Startup Program_Image_Leaderboard_AllWork_728x90
Home Daily Digest

Co-living Startup The Collective Stands to Lose Its Flagship Development Project

Cecilia Amador de San JosébyCecilia Amador de San José
September 15, 2021
in Daily Digest
Reading Time: 1 min read
A A
Co-living startup The Collective set to lose flagship development project
Share on FacebookShare on TwitterShare to Network
Nexudus Ad

Co-living startup The Collective will lose its flagship development project as the company is reportedly behind on the $49 million mortgage. The Collective had plans to build a 500-apartment tower at 555 Broadway in Williamsburg. 

The site’s lender has hired Cushman & Wakefield to market the loan for a sale to a buyer that could take control of the property, according to reports. 

Survey

Despite the lender’s intention to sell the site, a spokesperson for The Collective said the co-living company is “considering a number of options to take the project forward”. 

The Collective was founded in 2010 by Reza Merchant. Recent reports claim that the company is on the brink of bankruptcy. The Collective has reportedly hired FTI Consulting to guide it through administration, which is a similar process to the one of bankruptcy for entities in the UK.

More stories for you

Alliance Virtual Offices Enters Inc. 5000 List of Fastest-Growing Companies 2023

Alliance Virtual Offices Enters Inc. 5000 List of Fastest-Growing Companies 2023

23 hours ago
U.K.’s City Exodus Continues

U.K.’s City Exodus Continues

2 days ago
Location, Location, Location: Why Your Next Coworking Space Should Be In A Residential Neighborhood

Location, Location, Location: Why Your Next Coworking Space Should Be In A Residential Neighborhood

6 days ago
Google’s Myth Of Losing Social Capital In Hybrid Work

Google’s Myth Of Losing Social Capital In Hybrid Work

1 week ago
Tags: Businessdaily_digest
Cecilia Amador de San José

Cecilia Amador de San José

Cecilia Amador de San José, Senior Associate Editor of Allwork.Space, is based from wherever her laptop is. She enjoys traveling and visiting new flexible workspaces.

No Result
View All Result
Survey
OfficerRnD_ Flex Startup Program_Illustration_Square_AllWork_300х250

Latest News

Employee Monitoring Raises Ethical Questions, New Advisory In U.K.

Employee Monitoring Raises Ethical Questions, New Advisory In U.K.

October 3, 2023
U.S. Workforce Prioritizing Flexibility Over Job Hopping

U.S. Workforce Prioritizing Flexibility Over Job Hopping

October 3, 2023
WeWork Starts Default Countdown Clock As It Refuses To Make Interest Payments

WeWork Starts Default Countdown Clock As It Refuses To Make Interest Payments

October 3, 2023
Alliance Virtual Offices Enters Inc. 5000 List of Fastest-Growing Companies 2023

Alliance Virtual Offices Enters Inc. 5000 List of Fastest-Growing Companies 2023

October 3, 2023
Retirement Realities Around The World: Exploring The Gap Between Official And Actual Retirement Ages

Retirement Realities Around The World: Exploring The Gap Between Official And Actual Retirement Ages

October 2, 2023
Meta’s Return-to-Office Fiasco: Hybrid Work Causes Confusion, Challenges

Meta’s Return-to-Office Fiasco: Hybrid Work Causes Confusion, Challenges

October 2, 2023

News and Features

Business

Tech

Marketing

Design

Work-life

CRE

Coworking

Workforce

Daily Digest

Podcast

Resources

Marketplace

Events

Press Releases

FlexSpace, Coworking
and Office Space

Los Angeles

New York

Chicago

Washington, D.C.

Houston

Dallas

Miami

San Francisco

Atlanta

Philadelphia

Seattle

Austin

Company

About Us

Submit to Allwork.Space

Contact

Advertise

FlexSpace

Terms Of Use

FlexSpace FAQs

Privacy Policy

Connect with Allwork.Space

Twitter

Linkedin

Facebook

Instagram

YouTube

Apple Podcasts

Spotify

Google Podcasts

©2023 Allwork.Space  l  Exploring the FUTURE OF WORK® since 2003.

No Result
View All Result
  • Home
  • News
  • Topics
    • Business
    • Leadership
    • Work-life
    • Workforce
    • Career Growth
    • Design
    • Tech
    • Coworking
    • Marketing
    • CRE
  • Experts
    • Podcast
    • Opinions
  • Resources
    • Research + Reports
    • Marketplace
    • Find Office Space
    • Find Remote Jobs
    • Press
  • Events
  • About Us
    • Advertise
    • Submit to Allwork.Space
    • Contact
Subscribe

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
-
00:00
00:00

Queue

Update Required Flash plugin
-
00:00
00:00