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New York-headquartered space sharing company WeWork's first Israel co-living space may be in Jerusalem.
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The city of Jerusalem has approved a plan to build six additional floors on a four-story commercial building in the city, one person from the city of Calcalist. WeWork currently has two floors in the building, spanning around 2,000 square meters, and negotiates with one another.
A simulation of the finished building project in Jerusalem. Photo: Kolker Kolker Epstein Architects
WeWork launched its co-living space venture WeLive in 2016. With locations in New York and the Washington, DC metropolitan area, WeLive residents occupy small private living quarters and have access to larger common areas amenities.
In January, Tel Aviv's chief planner Orly Erel said in an interview with Calcalist that WeWork is exploring the possibility of opening a co-living location in a 17-story building in the vicinity of the city's business district.
Newly built in the early 1970's, the building was built in 2015. The approved plan of additional floors to be built includes 2,200 square meters of office space, 4,300 square meters of commercial space space and 98 residential units, 80 of them are for the parking spaces.
The Jerusalem District Planner Shira Talmi Babay said in a telephone interview with Calcalist Monday.
Jerusalem is currently undergoing major changes to make it more attractive to businesses. In March, construction started on a new entrance to the city, which is scheduled for completion within five years. With a budget of approximately $ 435 million (about NIS 1.5 billion) the project includes 24 towers, thousands of rooms, 1,400 underground parking spaces, about 1,400 square kilometers of office space, and a transportation hub facilitates an express train, two light rail lines, and separate lanes for private and public vehicles.
In late September, 17 years after it was first announced, a new Jerusalem express train line was launched. Plagued by a series of malfunctions and interruptions, since the arrival of Ben Gurion International Airport, 19 kilometers southeast of Tel Aviv.
The city plays host to auto technologies developer Mobileye, powered by Intel in 2016 for $ 15.3 billion, and the driving force behind the company's technology test drives on Jerusalem roads.
WeWork was founded in 2010 by Israeli-born entrepreneur Adam Neumann and Miguel Mckelvey. It has over 470 locations across 94 cities around the world, including several shared offices in Tel Aviv and other Israeli cities, according to company statements. WeWork opened its Jerusalem renting this year, making it its ninth co-working space in the country.
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