WeWork today announced it is expanding its Minneapolis presence with a new 60,000 square feet location at United Properties’ The Nordic, a mixed-use development currently under construction at 729 Washington Ave North in the North Loop neighborhood.
WeWork will occupy floors five through seven of The Nordic’s ten-story, 200,000 sq. ft. retail and mixed-use project. WeWork members will receive 24/7 building access, micro-roasted coffee, community events and business services, as well as a communal outdoor terrace on the sixth floor.
This will be WeWork’s third location in Minneapolis, adding to its current presence at Capella Tower and 1330 Lagoon in Uptown, totaling more than 200,000 square feet throughout the city. WeWork 729 N Washington Ave is expected to open summer 2019.
In January 2019, it was announced that WeWork Labs will be coming to Minneapolis, the first Midwest location for WeWork’s innovation platform for early-stage startups. The program complements other partnerships and programs in Minneapolis such as WeWork’s Veterans in Residence Program powered by Bunker Labs which provides fully-sponsored workspace for veteran-entrepreneurs in 14 cities around the United States.
“Since opening our first location in 2017, Minneapolis has welcomed WeWork with open arms. We’ve formed meaningful partnerships, hosted impactful events and provided our members with a global platform to grow their businesses,” said Megan Dodds, Midwest General Manager for WeWork. “We’re thrilled to announce WeWork 729 N Washington Ave as our third Minneapolis location and look forward to continued growth in the Twin Cities.”
WeWork 729 N Washington Ave will provide workspace solutions for businesses of all sizes ranging from a small business to a high-growth start-up to a Fortune 500 company. In fact, 30 percent of the Fortune 500 are WeWork members (globally), and enterprise members make up nearly 30 percent of WeWork’s global membership.
“WeWork is skilled at creating special environments, and their unique brand of coworking fits the environment we set out to create at The Nordic,” said Gordy Stofer, vice president of development for United Properties. “This cutting-edge concept for offices is appealing to not only startups and growing companies, but also to established companies that want different workspace options for their teams.”
When completed, The Nordic will include office, residential and retail tenants, as well as an outdoor plaza featuring special events programming.
“We are confident WeWork’s unique community-building amenities like common areas, professional and social events, and access to their global network, will appeal to North Loop residents and be a great addition to The Nordic.”
Emily Nicoll and Brandon Megal of CBRE represented WeWork in the transaction and Tom Tracy, Katie Tufford and Peter Fitzgerald of Cushman & Wakefield represented United Properties.
