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WeWork, Landlord Scrap Deal for 36-Story Seattle Tower Lease

  • Building was slated to include co-living and co-working space
  • WeWork has been scrambling to raise funds after delaying IPO
Bloomberg business news
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WeWork has backed out of an ambitious project to outfit a 36-story tower in Seattle with co-working space and its co-living offshoot, as the company looks to shore up its finances.

WeWork won’t lease the building at Third Avenue and Lenora Street from Martin Selig Real Estate, according to a joint statement from the companies Monday. The decision leaves one of Seattle’s biggest office landlords without a tenant just as a major new project is nearing completion.