March 28, 2019
WeWork, a company offering flexible office and workspace, will open a third Nashville location at Capitol View in the North Gulch that can hold 1,000 workers.
The WeWork Capitol View office will occupy 65,000 square feet and two floors at 500 11th Ave. N., The office is expected to open this fall.
“WeWork Capitol View will be located in the heart of Nashville in a dynamic, urban area where our members can take advantage of walkability and public transportation amid some of the city’s best in living, retail, entertainment and more,” said Bobby Condon, WeWork Southeast general manager. “WeWork loves Nashville, and we look forward to continuing to expand here.”
WeWork, founded in New York in 2010, provides workspace and virtual offerings to more than 400,000 members, including entrepreneurs, freelancers, startup and corporate employees, in more than 100 cities globally. The company has more than 400 physical locations, including in downtown Nashville at One Nashville Place and in East Nashville on Woodland Street.
Nearly 470 desks are offered in East Nashville and nearly 1,300 are offered downtown. The local occupancy rate is at 97 percent, according to WeWork.
Capitol View is a 32-acre mixed-use urban district anchored by LifeWay, HCA and Healthstream, which is expected to open offices in May. The development includes 378-luxury residential units, retail shops, restaurants and a 2.5-acre park expected to open in June that will include a dog park, playground and sand volleyball courts.
Other tenants include Pinnacle Financial Partners, M.L. Rose, Starbucks. Publix, Central BBQ and Clean Juice are among businesses expected to join.
“The district is growing quickly, and WeWork will be a valuable component in continuing that growth,” said Boyle partner Thomas McDaniel who represented the landlord on the lease.
McDaniel said more than half of the 378 luxury units of Residences at Capitol View are leased.
Originally published in The Tennessean
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