WeWork gobbles up another 120K square feet
Kate Tracy November 13, 2018 0
One of WeWork's newest locations is the Circa building on Platte Street. (Courtesy of Unico Properties)
WeWork has called dibs on two more locations in the Mile High City.
The New York-based coworking company has signed leases in LoHi at the Circa building at 1615 Platte St. and in RiNo at Revolution360, a development planned at 3600 Brighton Blvd.
Both leases are 60,000 square feet, according to a source with knowledge of the deals.
WeWork is taking the second and third floor at the Circa building, joining accounting software company Xero, which occupies the fourth floor. Unico finished the five-story building, which includes ground-floor retail space, earlier this year.
The new location is located on the same block as The Lab on Platte at 2420 17th St., where WeWork leases 50,000 square feet. That building sold for $46 million this month.
A rendering of the Revolution 360 office building, where WeWork has signed a second new lease. (Submitted)
As for WeWork's second new lease, Revolution360 is a five-story office-and-retail building proposed for 3600 Brighton Blvd. The developers purchased the property in 2016 for $3.75 million.
A spokeswoman for the developers said Monday that Revolution360 is expected to open in the second quarter of 2020.
Prior to this week, WeWork had signed leases in three Denver buildings in 2018, at the Tabor Center, Wells Fargo Center, and the soon-to-be-completed The Hub in RiNo.
Part of the company's growth is attributed to luring enterprise clients, or companies that take big chunks of space, away from traditional office space. Amazon, Verizon, Denver-based FullContact and software company Effective all have signed on at WeWork's Tabor Center location.
WeWork is the No. 2 private office user in downtown Denver. With its lease at Circa, WeWork now controls 492,150 square feet of downtown office, compared to DaVita, the largest office user with more than 560,000 square feet.
The coworking company is adding another location on Platte Street and has signed on at a planned RiNo project that hasn't broken ground.
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About the Author: Kate Tracy
Kate Tracy is a BusinessDen reporter who covers startups, residential real estate, fitness and the outdoors industry. She is a graduate of Corban University. Email her at kate@BusinessDen.com.