Leases  ·  Office

Coworking Provider Serendipity Labs Launching in NYC With 34K-SF Space at 28 Liberty


For its first New York City space, coworking company Serendipity Labs has today sealed a deal for 34,000 square feet at 28 Liberty Street, Commercial Observer has learned, in partnership with UrWork, a Chinese coworking company.

The 16-year deal is for the entire sixth floor at Fosun Property Holdings’ 60-story, 2.2-million-square-foot office property, formerly known as One Chase Manhattan Plaza, between Nassau and William Streets, a source with knowledge of the deal said. This will be the first cobranded space for the two companies and is slated to open this October, according to a press release from Serendipity Labs.

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Along with the lease, the companies have forged “a first-of-its-kind agreement for the coworking industry that interconnects their networks across the U.S. and China for members of both companies,” the release indicates.

Three-year-old Serendipity Labs offers workplace memberships that include full- and part-time coworking space, private offices, workstations and team rooms. It has six open facilities across the country (three of which are franchises), including in Rye, N.Y., Chicago and Aventura, Fla., with five coming soon, according to the website. The Rye location was its first. As of June, the two-year-old UrWork has over 78 locations in over 20 cities in China, Singapore, New York, Los Angeles and London.

Construction on the space will commence soon. Asking rent in the base of the building is in the high-$50s per square foot, a source said.

Fosun, which acquired the building for $725 million in 2013, is undertaking a $160 million renovation at the property and adding three floors of subterranean retail. Tenants include financial trading software company Broadway Technology, which this month signed a deal for 25,000 square feet on the 50th floor, as CO reported. Attorney General Eric Schneiderman has offices in the building as do JLL (JLL) and law firm Clausen Miller.

JLL’s John Wheeler and Michael Berman represented Serendipity Labs in the deal, and JLL’s Peter Riguardi, Mitchell Konsker and Dan Turkewitz represented Fosun.

Spokesmen for Fosun and JLL didn’t respond with comments and Wheeler declined to comment.

Update: This story has been edited to reflect that UrWork is partnering with Serendipity Labs in the deal as well as include information from the press release.