WeWork will claim entire office component at forthcoming Decatur development and part of 725 Ponce
The world’s largest provider of coworking space has set sites on downtown Decatur and a metamorphosing stretch of the Atlanta Beltline in significant ways.
The recent announcements by WeWork—also to include an OTP location in Sandy Springs—mark the company’s latest rapid expansion efforts in submarkets across Atlanta.
In Decatur, WeWork has inked a deal for the entire office component at Cousins Properties’s forthcoming 120 W. Trinity Place mixed-use project, which is finishing construction where parking lots formerly spanned a city block.
WeWork will take 35,000 square feet across three full floors—enough space for more than 540 members who pay fees to access workspaces, company reps said.
Neighboring the DeKalb County Courthouse, the 4.7-acre Cousins project has been in the works for more than six years.
Beyond WeWork, it’ll offer 18,000 square feet of retail and 329 apartments.
It’s expected to open in the first half of 2020, according to WeWork.
Meanwhile, in Poncey-Highland, WeWork is taking two full floors and even more space (45,000 square feet) at the 725 Ponce development anchored by Kroger on the Beltline’s Eastside Trail.
The second and third floors of the New City venture, which is finishing construction across the Beltline from Ponce City Market, were designed for denser coworking environments, and “this lease with WeWork is the fulfillment of that original concept,” New City president Jim Irwin stated in a recent release.
That WeWork option is slated to open later this year.
In recent weeks, WeWork reps also revealed plans for the company’s first Central Perimeter location: three floors of the 1155 Perimeter Center West building in Sandy Springs. That’s set to open early next year.
Elsewhere in Atlanta, WeWork announced in January it was claiming 103,000 square feet as part of a multi-floor deal with building-top signage at downtown’s refreshed 101 Marietta Street tower. That location, WeWork’s largest in metro Atlanta, is expected to accommodate more than 1,300 members.
And in April, WeWork unveiled plans to take almost 40,000 square feet across four floors at Midtown’s new 881 Peachtree Street tower as a Southeast headquarters.
WeWork operates or has announced a dozen locations in Atlanta, including spaces at Colony Square, Buckhead’s Terminus, and forthcoming outposts at Coda and The Interlock.