{"id":3000081260,"date":"2026-03-09T19:21:47","date_gmt":"2026-03-09T23:21:47","guid":{"rendered":"https:\/\/www.wework.com\/ideas\/?post_type=news&p=3000081260"},"modified":"2026-03-13T12:11:05","modified_gmt":"2026-03-13T16:11:05","slug":"wework-adds-to-new-york-portfolio-with-37000-square-foot-lease-at-511-fifth-avenue","status":"publish","type":"news","link":"https:\/\/www.wework.com\/ideas\/newsroom-landing-page\/wework-adds-to-new-york-portfolio-with-37000-square-foot-lease-at-511-fifth-avenue","title":{"rendered":"WeWork Adds to New York Portfolio with 37,000 Square Foot Lease at 511 Fifth Avenue"},"content":{"rendered":"\n

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New York, NY \u2013 March 9th, 2026<\/strong> \u2013 WeWork, a leading global real estate platform, today announced that it has signed a 37,000-square-foot lease at 511 Fifth Avenue, one of Midtown Manhattan\u2019s most recently repositioned office properties. The lease was executed with ownership led by Jeff Sutton and Aurora Capital Associates. The new WeWork location is scheduled to open in Q4 2026 and will span four floors (9\u201311 and 15), offering headquarters suites, private offices, full-floor occupancies, and coworking solutions for companies of all sizes.<\/p>\n\n\n\n

\u201cWe\u2019re witnessing a structural shift as to how real estate is being utilized, and at 511 Fifth Avenue, we plan to bring to market a space that flexes to the needs of our various members, ranging from private offices to full office floors to coworking space,\u201d said John Santora, Chief Executive Officer, WeWork. \u201cWhether you’re a founder, a small business owner, or a multinational corporation seeking space for a dedicated team, you\u2019ll have access to 37,000 square feet of premium workspace that is tailored to your unique needs rather than a one-size fits all solution.\u201d<\/p>\n\n\n\n

Ideally located between Bryant Park and Grand Central Terminal, 511 Fifth Avenue offers unmatched access to transit, dining, and Midtown\u2019s premier business and retail corridors.<\/p>\n\n\n\n

Ownership recently completed a full-scale redevelopment, transforming the historic Beaux-Arts property into a modern, hospitality-driven office destination. The renovation introduced a dramatic new glass-box lobby, fully modernized elevators, upgraded building systems, and new infrastructure designed to meet the expectations of today\u2019s premier office tenants\u2014while preserving the building\u2019s architectural character.<\/p>\n\n\n\n

As part of the lease, WeWork will partner with ownership to deliver the building\u2019s signature amenity: a 9,000-square-foot, state-of-the-art coworking lounge on the 15th floor, accessible to all tenants of 511 Fifth Avenue. Designed as a third place within the building, the lounge will provide collaborative seating, hospitality-grade finishes, and a curated calendar of programming, networking, and events.<\/p>\n\n\n\n

\u201c511 Fifth Avenue is a once-in-a-generation repositioning of a Fifth Avenue landmark,\u201d said Matthew Abreu, Vice President of Development for Aurora Capital Associates. \u201cWe invested more than $40 million to transform the building into a true destination workplace\u2014one that blends architectural heritage with modern infrastructure and hospitality-driven design. With multiple leases already executed and a strong roster of tenants coming online, WeWork\u2019s arrival further builds on that momentum, adding a dynamic, flexible component that enhances the overall ecosystem of the building.\u201d<\/p>\n\n\n\n

\u201cThanks to ownership\u2019s ambitious repositioning campaign to transform 511 Fifth Avenue into a destination workplace, our new centrally located space in the heart of Midtown delivers exactly what our members expect: elevated environments built for how they actually work today,\u201d shared Peter Greenspan, Head of Global Real Estate, WeWork. \u201cOur members will have the variety of space types they need on flexible commitment terms to support how they work, where they work, and the communities they build at work today and tomorrow.\u201d<\/p>\n\n\n\n

JLL represented both WeWork and ownership in the transaction, with Peter Riguardi representing WeWork and Mitch Konsker representing ownership. <\/p>\n\n\n\n

This new location marks WeWork\u2019s 36th location in New York City, following the company\u2019s recent expansions at 245 Fifth Avenue in NoMad<\/a> and 250 Broadway in the Financial District<\/a>.<\/p>\n\n\n\n

WeWork\u2019s global real estate platform enables companies to build flexible, customized workplace portfolios that scale with their business, delivering speed, optionality, and capital efficiency. Each WeWork location offers a variety of space types\u2014from private offices to full floors and coworking\u2014designed to help organizations reduce risk while improving productivity and workforce engagement.<\/p>\n\n\n\n

About WeWork<\/strong><\/p>\n\n\n\n

WeWork is a leading global real estate platform, purpose-built to empower businesses of all sizes with flexible workplace solutions, hospitality-driven experiences, best-in-class services, and innovative technology. With a curated portfolio of over 600 thoughtfully designed locations, spanning 45M square feet worldwide, WeWork helps more than half a million members \u2014 from emerging startups to Fortune 100 companies \u2013 perform their best work, today and tomorrow. <\/p>\n\n\n\n

To learn more, visit wework.com<\/a>.<\/p>\n","protected":false},"author":883,"featured_media":3000081261,"parent":0,"template":"","meta":{"_acf_changed":false,"footnotes":""},"news_tag":[],"class_list":["post-3000081260","news","type-news","status-publish","has-post-thumbnail","hentry"],"acf":[],"yoast_head":"\nWeWork Adds to New York Portfolio with 37,000 Square Foot Lease at 511 Fifth Avenue - WeWork Newsroom<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.wework.com\/ideas\/newsroom-landing-page\/wework-adds-to-new-york-portfolio-with-37000-square-foot-lease-at-511-fifth-avenue\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"WeWork Adds to New York Portfolio with 37,000 Square Foot Lease at 511 Fifth Avenue\" \/>\n<meta property=\"og:description\" content=\"New flagship Midtown location delivers premium flexible workspace in a newly transformed Fifth Avenue landmark\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.wework.com\/ideas\/newsroom-landing-page\/wework-adds-to-new-york-portfolio-with-37000-square-foot-lease-at-511-fifth-avenue\" \/>\n<meta property=\"og:site_name\" content=\"Newsroom\" \/>\n<meta property=\"article:modified_time\" content=\"2026-03-13T16:11:05+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.wework.com\/ideas\/wp-content\/uploads\/sites\/4\/2026\/03\/511_5TH_TYP_PANTRY_A.jpg?fit=7000%2C4112\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.wework.com\/ideas\/newsroom-landing-page\/wework-adds-to-new-york-portfolio-with-37000-square-foot-lease-at-511-fifth-avenue\",\"url\":\"https:\/\/www.wework.com\/ideas\/newsroom-landing-page\/wework-adds-to-new-york-portfolio-with-37000-square-foot-lease-at-511-fifth-avenue\",\"name\":\"WeWork Adds to New York Portfolio with 37,000 Square Foot Lease at 511 Fifth Avenue - 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