Martin Selig Real Estate’s agreement to lease a 36-storey property being developed in Belltown, the city of San Francisco has agreed to pay $7.5 million for an additional three years on its existing contract with the company. And as WeWork is rocked by turmoil, the company has put on the back burner any new leases, meaning hundreds of thousands of square feet it was considering in Seattle could be up for grabs. WeLive was due to occupy 23 floors of the mixed-use development, located at Third Avenue and Lenora Street, with the remaining 13 floors to house WeWork enterprise members and start-ups.
Martin Selig Real Estate’s agreement to lease a 36-storey property being developed in Belltown, the city of San Francisco has agreed to pay $7.5 million for an additional three years on its existing contract with the company. WeLive was due to occupy 23 floors of the mixed-use development, located at Third Avenue and Lenora Street, with the remaining 13 floors to house WeWork enterprise members and start-ups.