Wework Buys Lord And Taylor Building -

Hudson’s Bay Company (HBC), the parent company of Lord & Taylor, announced it would sell the iconic Fifth Avenue building to WeWork for $850 million .

The deal quickly became a "white elephant" for WeWork following its failed IPO attempt in 2019 and the ousting of co-founder Adam Neumann. wework buys lord and taylor building

Renowned architect Bjarke Ingels was hired to oversee a massive renovation that aimed to preserve the building’s Italian Renaissance-style facade while modernizing the interior. The Downfall and Resale Hudson’s Bay Company (HBC), the parent company of

Lord & Taylor, the oldest department store chain in the U.S., was struggling with the rise of e-commerce. Hudson’s Bay Company (HBC)

WeWork intended to use the 676,000-square-foot space as its global headquarters and for additional shared office space.