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.
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. Last month the flexible workspace operator signed its largest lease in the city for 116,000 sq ft of space at RXR owned 530 Fifth Avenue. 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.