WeWork adds North Loop location to its expanding Twin Cities business
MINNEAPOLIS, (February 28, 2019) – WeWork today announced it is expanding its Minneapolis presence with a new 60,000 square feet location at United Properties’ The Nordic, a mixed-use development currently under construction at 729 Washington Ave North in the North Loop neighborhood.
WeWork will occupy three floors (fifth through the seventh) of The Nordic’s ten-story, 200,000 sq. ft. retail and mixed-use project. WeWork members will receive 24/7 building access, micro-roasted coffee, community events, access to business services, as well as a private outdoor terrace on the sixth floor.
This will be WeWork’s third location in Minneapolis, adding to its current presence at Capella Tower in downtown Minneapolis and MoZaic East in Uptown totaling more than 200,000 square feet throughout the city. The expected opening is summer 2019.
In January 2019, it was announced that WeWork Labs will be coming to Minneapolis, the first Midwest location for WeWork’s innovation platform for early-stage startups. The program complements other partnerships and programs in Minneapolis such as WeWork’s Veterans in Residence Program powered by Bunker Labs which provides fully-sponsored workspace for veteran-entrepreneurs in 14 cities around the United States.
“We’re thrilled to announce WeWork 729 Washington Ave as our third Minneapolis location,” said Megan Dodds, Midwest General Manager for WeWork. “WeWork 729 Washington Ave will give our members beautifully designed workspace, great amenities, and great neighborhood with live, work and play.”
“WeWork is skilled at creating special environments, and their unique brand of coworking fits the environment we set out to create at The Nordic,” said Gordy Stofer, vice president of development for United Properties. “This cutting-edge concept for offices is appealing to not only startups and growing companies, but also to established companies that want different workspace options for their teams.”
When completed, The Nordic will include office, residential and retail tenants, as well as an outdoor plaza featuring special events programming.
“We are confident WeWork’s unique community-building amenities like common areas, professional and social events, and access to their global network, will appeal to North Loop residents and be a great addition to The Nordic.”
Emily Nicoll and Brandon Megal of CBRE represented WeWork in the transaction and Tom Tracy, Katie Tufford and Peter Fitzgerald of Cushman & Wakefield represented United Properties.
For more information on WeWork 729 Washington Ave, visit: we.co/thenordic.
WeWork provides more than 400,000 members around the world with space, community, and services through both physical and virtual offerings. WeWork’s mission is to help create a world where people work to make a life, not just a living. Founded in New York City in 2010 by Adam Neumann and Miguel McKelvey, WeWork currently has more than 425 physical locations in over 100 cities and 27 countries around the world. Follow us @WeWork on Twitter, Instagram, and Facebook or visit www.wework.com to learn more.
About United Properties
United Properties has been creating deep roots in the commercial real estate industry for 100 years. The company imagines new possibilities in real estate to help strengthen communities and create lasting legacies. United Properties provides market expertise for ground-up development, redevelopment and acquisitions of value-add and stable investments. The company invests in and develops office, industrial, retail, mixed-use and senior housing properties. United Properties is owned by the Pohlad Companies and is headquartered in Minneapolis, with an office in Denver. For more information, visit www.uproperties.com or follow on Twitter at @UPDeepRoots.