Houston Business Journal | 05.02.2017
Exclusive: WeWork reveals more details for downtown Houston co-working space
Apr 28, 2017, 8:30am CDT
Joe Martin, Reporter, Houston Business Journal
Co-working giant WeWork has released more details on its first Houston-area location.
New York-based WeWork signed a lease for approximately 86,000 square feet at 708 Main, the company said in a statement. In February, the Houston Business Journal reported the co-working company was in negotiations to occupy space in the building, but the footprint was not known at the time.
WeWork is opening its first location in Houston. The space, located at 708 Main, is expected to be open in winter 2017. This is one of WeWork's offices in London. While the co-working company hasn't released how the Houston, GM Adam Wacenske said it would fit the WeWork feel.
WeWork is opening its first location in Houston. The space, located at 708 Main, is… more
WeWork is expected to move in toward the end of 2017, Adam Wacenske, general manager for WeWork's southern region, told the Houston Business Journal.
"You walk through the floors and you can feel an energy and envision WeWork being successful," Wacenske said.
Plans for the space are still being worked out by an internal design team. However, WeWork plans to open the entire space at the same time. The space will have some Houston-centric design elements, although the final aesthetic hasn't been established, the company said. WeWork's Houston office will accommodate a broad range of companies, including individual members who want a non-dedicated space to companies that need to house up to 120 employees. Pricing for the spaces hasn't been finalized, the company said.
Also, as is the case with other WeWork facilities, members who sign up for space in Houston will also be able to access WeWork offices all over the world, Wacenske said.
"You become an international company as a result of joining WeWork," he added.
WeWork used JLL to broker the deal between Midway and Lionstone, the two companies working on renovating 708 Main. WeWork has selected PGAL as its architect and JJA as its engineer on the project. It has not selected a contractor, the company said.
The space would mark the seventh WeWork facility in the state of Texas. It has three in Austin and three in Dallas. The most recent Texas location will open in Plano this summer. As for further expansion in the Houston region, Wacenske said there are no firm plans to expand further in Houston at this time, but that doesn't mean a Houston expansion won't happen down the road.
"The more places we are, the better," he said.