WeWork has yet to complete the deal to buy the former Lord & Taylor flagship store in Manhattan announced last October , and is still seeking an equity partner to complete the acquisition . WeWork Property Advisors , which was scheduled to close the deal in August , paid an additional $ 25 m deposit to move the deadline to 13 November . 424 The company , which previously paid a deposit of $ 75 m , has one more option that allows it to pay another $ 25 m to push the deadline to 31 January . At that point , if it is unable to complete , the $ 125 m paid converts into a deposit in the building .
WeWork has yet to complete the deal to buy the former Lord & Taylor flagship store in Manhattan announced last October , and is still seeking an equity partner to complete the acquisition . WeWork Property Advisors , which was scheduled to close the deal in August , paid an additional $ 25 m deposit to move the deadline to 13 November . The company , which previously paid a deposit of $ 75 m , has one more option that allows it to pay another $ 25 m to push the deadline to 31 January . At that point , if it is unable to complete , the $ 125 m paid converts into a deposit in the building .