Knotel is setting up shop in the former New York Times building in a big space it originally planned to sublease to someone else.
The company inked a deal for 51K SF at the Columbia Property Trust-owned 229 West 43rd St. last year. The space was going to be a traditional Knotel flexible office location, but it is going to be the workspace provider’s new headquarters, The Real Deal reports.
Right now, Knotel is in a 14K SF space at 137 Varick St., but will be moving out soon. That location is going to be torn down and redeveloped into the new Walt Disney Co. campus.
“This building always had a limited life span on it, so that was part of it,” Knotel Director of Workplace Michael Coons told TRD. “And we are only part of a 14K SF space.”
Knotel has been rapidly expanding, and now has over 2M SF in more than 100 locations in New York, San Francisco, London, Los Angeles, Berlin, Paris and Brazil. Last year, Knotel founder Amol Sarva said the company is expanding so rapidly it will be bigger than coworking giant WeWork by February 2020.
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