Pursuits
WeWork Brooklyn Project Gets Backing From Big Developers
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Two of New York’s most prominent real estate developers are teaming up on a building for WeWork Cos. at the Brooklyn Navy Yard, the office-sharing company’s first ground-up project.
Boston Properties Inc. and Rudin Management Co. plan a 675,000-square-foot (63,000-square-meter) property that will offer unobstructed views of the Manhattan skyline, to be built on a strip of land jutting into Wallabout Bay between two dry docks. The $380 million project, set to be unveiled Monday, will be the first in Brooklyn for both Boston Properties, the largest U.S. office real estate investment trust, and Rudin, a family-owned company that’s marking its 110th year in business.