WeWork to Open at Block 23 in Downtown Phoenix

Global Leader in Coworking Space Expands Arizona Presence

PHOENIX, ARIZ. –  WeWork announced today plans to open its fourth Phoenix-area location later this year at RED Development’s Block 23 in Downtown Phoenix that will accommodate a community of approximately 1,600 members across two floors.

Phoenix Commercial Real Estate News

As the largest location, WeWork 101 East Washington St. will join the expanding Arizona portfolio and the space will feature the brand’s signature Mid-Century Modern decor, open floor plan, floor-to-ceiling glass and steel framing, communal working space and futuristic neon design elements.

“We see a lot of growth opportunity and potential for WeWork in Phoenix and it will continue to be a focus of ours as a new market.” said Jonathan Chasse, community director for WeWork. “We are expanding in Downtown Phoenix because it is a vibrant district for business and entertainment, and a magnet for creative industries.”

WeWork’s 400,000+ members range from a one-person startup to Fortune 500 Companies. WeWork helps them grow regionally and globally to where they want to be tomorrow. Once someone becomes a WeWork member, they can work from any of the 425 locations around the world, in 100 cities throughout 27 countries. WeWork’s mission is to not only bring people together in their spaces, but to have a positive impact on local communities.

“RED Development couldn’t be happier to welcome WeWork to Block 23. With CityScape and Block 23, we set out to create spaces that are great places to live, work and play,” said Mike Ebert, managing partner at RED. “WeWork joining Block 23 reaffirms that there has never been a better time to be in downtown Phoenix than the present. We are excited to welcome the WeWork community to the project later this fall.”

“WeWork is all about building community, both within our spaces and the neighborhoods we are entering. By bringing a fourth location online in Phoenix in 2019, we are not only serving up delightful workspaces for companies of all sizes, but planting the seeds of a growing network of innovation hubs across the City that will only continue to grow.” said Chasse. “We recently released our Global Impact report, which found that the WeWork economy supports $122.3 billion in GDP worldwide through direct, indirect, and induced spending – roughly the size of the economy of cities like Vancouver, Dublin, or Austin.”

Block 23 is currently being developed into a high-rise, mixed-use project with approximately 330 residential rental units by StreetLights Residential, 230,000 square-feet of creative office space, an approximately 67,000 square-foot, full-service Fry’s Food Store, plus restaurant and retail uses and above- and below-grade parking. RED has previously announced its first restaurant tenant, Sam Fox’s Blanco Tacos & Tequila, and the first office tenant, Ernst & Young U.S. LLP (EY).

“We are thrilled to have WeWork opening a new hub in Downtown Phoenix,” said Christine Mackay, community and economic development director for the City of Phoenix. “The energy of Downtown Phoenix continues to grow, and our innovative companies, large and small, are a significant part this renaissance.”

About RED Development
A wholly integrated commercial real estate company, RED Development maximizes asset value and performance for its high-quality retail and mixed-use portfolio that comprises 35 properties totaling 19 million square feet in 11 states. For more than 20 years, RED has been a preferred partner for national retailers and investors. The company also works with third-party property owners seeking RED’s expertise in remerchandising and repositioning properties to improve profitability and appeal. A privately held company headquartered in Phoenix, AZ with corporate offices in Dallas and Overland Park, KS, RED builds on its development capabilities as an active acquirer of existing properties. For more information, visit REDDevelopment.com

About WeWork
WeWork provides more than 400,000 members around the world with space, community, and services through both physical and virtual offerings. From startups and freelancers to small businesses and Fortune 500 companies, our community is united by a desire for our members to create meaningful work and lead meaningful lives—to be a part of something greater than ourselves. Co-founded by Adam Neumann and Miguel McKelvey in New York City in 2010, WeWork is a privately held company with over 10,000 employees. Follow us @WeWork on Twitter, Instagram, and Facebook or visit wework.com to learn more.

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