205 E. forty second St., proper, close to the Chrysler Constructing. Picture courtesy of the Durst Group by way of Serendipity Labs
Coworking house supplier Serendipity Labs is taking on house at one in every of The Durst Group’s New York Metropolis workplace buildings, pursuant to a 10-year working settlement.
The brand new workplace house, often called Serendipity Labs – Grand Central, will occupy 41,000 sq. ft comprising the nineteenth, twentieth and twenty first flooring atop 205 E. forty second St. The constructing, located within the Midtown East neighborhood of Manhattan only one block from namesake Grand Central Terminal, boasts 532,000 sq. ft of workplace house.
Slated to open March 1, 2023, the brand new coworking location will supply occasion house and entry to a rooftop terrace, in addition to 91 non-public places of work and crew workplace suites accommodating greater than 450 desks.
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Serendipity operates coworking areas in additional than 35 city markets within the U.S. and U.Ok., together with New York’s Monetary District in Decrease Manhattan, suburban Westchester County, N.Y., and the states of Connecticut and New Jersey.
JLL’s Michael Berman represented Serendipity within the deal, whereas Durst was represented in-house by Senior Vice President of Enterprise & Strategic Partnerships Robert Becker and Managing Director Lauren Ferrentino.
A versatile various to long-term leases
Serendipity Chairman & CEO John Arenas referred to as the coworking house “a versatile various to long-term workplace leasing for firms which have determined to downsize their mounted actual property commitments and for those who must assist new, hybrid office insurance policies providing staff higher entry to transportation to shorten commutes.” In an announcement, the corporate touted the brand new places of work’ proximity to Grand Central, which affords entry to the New York Metropolis subway, the MTA Metro North and the Lengthy Island Railroad.
The rising reputation of coworking areas has allowed Serendipity to open a number of new places of work in recent times, most lately in Nashville, Tenn.
Constructed in 1929, 205 E. forty second Road was acquired by Durst in 1944. Its tenants embrace the Metropolis College of New York, actual property agency Douglas Elliman, Fedcap Rehabilitation Providers and the United Method of New York Metropolis.
