Convene is deepening its relationship with RXR Realty, partnering the property developer to co-design and manage invite only Club 75 at New York’s 75 Rockefeller Plaza, where it also leases 28,000 sq ft. The new partnership will see the two companies work together on a number of projects including an upcoming residential tower in Midtown Manhattan that will feature a rooftop bar overlooking Central Park. It also operates 32 Old Slip and 237 Park Avenue on behalf of RXR, which participated in a $152m Convene funding round in July. The announcement comes a month after Convene, a startup backed by the Durst Organization and Brookfield, signed its largest office lease in New York City, a 116,000-square-foot space at 530 Fifth Avenue owned by RXR Realty. The deal highlights an industry shift with co-workspace providers entering into property management contracts with landlords.
Convene is deepening its relationship with RXR Realty, partnering the property developer to co-design and manage invite only Club 75 at New York’s 75 Rockefeller Plaza, where it also leases 28,000 sq ft. The new partnership will see the two companies work together on a number of projects including an upcoming residential tower in Midtown Manhattan that will feature a rooftop bar overlooking Central Park. It also operates 32 Old Slip and 237 Park Avenue on behalf of RXR, which participated in a $152m Convene funding round in July. The deal highlights an industry shift with co-workspace providers entering into property management contracts with landlords.