" To help attract tenants to 370 Lexington Ave. Broad Street Development has purchased 370 New York Ave for a further $30m , and plans to spend $190m upgrading the 315,000 sq ft property. The Lexington real estate developer plans to target smaller co-working corporate tenants aiming to compete with WeWork in the city. Daniel Blanco , CEO of the company, said smaller tenants are weary of the communal co-workspaces and are returning to traditional office leases and reclaiming their own identity.
Broad Street Development has purchased 370 New York Ave for a further $30m , and plans to spend $190m upgrading the 315,000 sq ft property. The Lexington real estate developer plans to target smaller co-working corporate tenants aiming to compete with WeWork in the city. Daniel Blanco , CEO of the company, said smaller tenants are weary of the communal co-workspaces and are returning to traditional office leases and reclaiming their own identity.