WeWork Entering Residential Market With Uptown Project

Following a successful shakeup of the office market with its coworking space, WeWork is now ready to turn the tables on the residential market in Uptown. WeWork’s next focus involves taking on multifamily apartment buildings.

The company recently worked out a deal with a Chicago developer to operate a two-story coworking space in the developer’s multifamily project on North Broadway. WeWork will be running the coworking space for those living in the Bridgeview Bank building.

The former office building is currently in the process of being turned into apartments. The location marks WeWork’s 12th space in Chicago.

In all, there will be 60 private offices to utilize, more than 170 desks and some kitchen space. Some of the space will be reserved for those who are members of WeWork’s All Access Program.

The reimagined building will also include some apartments, some traditional office space, and some retail space. It should be finished by around mid-2023.

The newly cemented deal between WeWork and the developer is additional proof of the need for more remote workspace following the pandemic. The idea is to create an office closer to home that also gives the opportunity for workers to meet with and collaborate with other professionals.