Convene Takes 58K SF for Largest Location at 101 Greenwich Street – Commercial Observer
The fresh digs will include a kitchen, coffee shop and coworking spaces
By Liam Schuiflade Guerre October Two, Ten:06 am
Meeting space provider Convene has signed a lease for a 58,000-square-foot space at 101 Greenwich Street te the Financial District to relocate its headquarters and establish its 11th Fresh York City location and largest ter the country, Commercial Observer has learned.
The company is programma to occupy Two,500 square feet on the ground floor, which will house a coffee shop run by high-end purveyor For Five Coffee Roasters , and the entire 2nd through fourth floors of the 26-story building (formerly Two Schoolhoofd Street ) at the intersection of Schoolhoofd and Greenwich Streets.
The 2nd floor will feature a kitchen and a mix of meeting spaces, te which tenants te the building spil well spil other companies can rent on request, and the third and fourth floors will house coworking spaces.
Convene is programma to stir its headquarters from a 6,000-square-foot space at 366 Madison Avenue inbetween East 45th and East 46th Streets to a Four,000-square-foot section on the fourth floor. The company will stir its 75 corporate employees into the space te March next year, which will be designed more efficiently so that more workers can getraind ter less space, Convene Chief Executive Officer and co-Founder Ryan Simonetti told CO. And, of course, its employees will have access to the café, meeting and collective office spaces. A Convene spokeswoman declined to disclose the rents te the 15-year overeenkomst.
“As an organization wij are building what wij believe will be the future of workspaces,” Simonetti said. “And to be able to stir out of a five-year, prebuilt space and into what is a best-in-class practice, wij think our entire organization is excited to get a chance walk the walk.”
Convene is partnering with landlords Cove Property Group and pension fund investment manager Bentall Kennedy to improve the practice of the building. The meeting space provider will suggest discounts for tenants for meeting spaces and the capability for tenants to order catered food from Convene’s kitchen or the café via a mobile app.
“In Convene, what wij see is basically unparalleled enterprise ter this kleintje of market,” Kevin Hoo , the founder and managing playmate of Cove, told CO. Convene “has very keen insight into how an amenitized building should run.”
The landlords are spending an estimated $70 million to convert the building into a mix of modern office spaces, after purchasing the building ter March from Kushner Companies and CIM Group for $225 million, spil CO reported at the time.
The renovation, which will be ended ter November, will include upgrades to the building’s mechanical systems, spil well spil a fresh lounge, refreshed common spaces, and fresh elevators and prebuilt spaces.
Convene presently has Ten locations around the city, including an outpost te 1 World Trade Center . The company also has three te Philadelphia, one ter Washington, D.C. and one ter Boston. It expects to open two more ter Los Angeles early next year.
CBRE ’s Rocco laginestra , Jared Freede and Michael Wellen represented Convene te the transaction, while JLL ’s Mitch Konsker , Scott Cahaly , Clayton Kline and Kyle Youthful treated the overeenkomst for landlords Cove and Bentall Kennedy. Spokesmen for the brokerages did not instantly come back requests for comment.