AlleyNYC, which has tagged itself as “the most badass coworking space on the planet,” has secured 36,000 square feet at 119-125 West 24th Street between Avenue of the Americas and Seventh Avenue, according to The Wall Street Journal.
The company, which is riding the wave of co-working spaces infiltrating New York City, signed a 10-year lease for the third, fourth and fifth floors at the 12-story, 146,000-square-foot building, the Journal reported. The Kaufman Organization acquired the property from Extell Development Company through a 99-lease deal in April 2014. Asking rents at the property are in the mid-$60s per square foot. The building had been in disrepair for many years, and the Kaufman Organization invested tens of millions of dollars to revamp the entire building. Read More