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Deals & Dealmakers

Convene to open 93,000 s/f felixible space at One Liberty

Convene, the  flexible office and meeting services provider backed by Brookfield and the Durst Organization, this week announced its largest location to-date.

The hospitality-focused flexible workplace company has signed a 93,096 s/f lease at Brookfield Properties’ One Liberty Plaza in Lower Manhattan, marking its 15th location in New York and fourth with Brookfield Properties.

The announcement strengthens the growing partnership between Convene and Brookfield. In 2017, Brookfield co-led Convene’s series C funding round which totaled $68 million and announced the opening of three Convene-operated spaces in Downtown Los Angeles, comprising 84,600 s/f across three buildings, with plans to expand to all seven of Brookfield’s Los Angeles Class A buildings.

One Liberty’s ground floor level, consisting of 4,798 square feet, will be operated by Convene as a public café and coffee shop.

The building’s mezzanine and second floors, 12,339 and 28,708 s/f respectively, will be reserved as full-service meeting and event space, and the third floor consisting of 44,751 s/f will feature flexible office space.

Convene’s flexible work suites can accommodate teams of 10-100 employees. The anticipated opening date of the One Liberty Convene space is Q1 2019.

In addition to offering its suite of meeting and event spaces and flexible workspace, Convene will also offer a full on-site hospitality and culinary program at One Liberty Plaza for meeting, event, and workplace catering, as well as vertical catering services, to provide locally-sourced food and beverage delivery to tenants in the building.

RYAN SIMONETTI

“We are thrilled to expand our partnership with Brookfield Properties to open our largest Convene space to date and improve the workplace experience for tenants of One Liberty Plaza,” said Ryan Simonetti, Co-Founder and CEO of Convene.  “Not only will Convene now be positioned near robust mass transit and a flourishing Lower Manhattan business community, the space allows us to incorporate all of the elements that are central to Convene’s success – purpose-built meeting and event spaces overlooking green space at Zucotti Park, modern and elegant flexible office space, hotel-style meeting and hospitality services, all enabled by user-friendly technology.”

“One Liberty Plaza has seen robust leasing activity, recently adding Aon, Business Insider and New Avon to its notable tenant roster. Adding Convene will provide a valuable amenity to all of our building tenants and the surrounding Lower Manhattan business community. We are thrilled to help support and grow this transformational workplace platform,” said Mikael Nahmias, Senior Vice President, Office Leasing, Brookfield Properties.

One Liberty Plaza is a 50-story, 2,346,000 s/f building located in the heart of Lower Manhattan. With direct access to the Fulton Street Transit Center and the World Trade Center Path Station, One Liberty Plaza provides convenient access to transit, retail and dining amenities.

Convene has been expanding rapidly and plans to open several new properties in 2018 across new and existing markets in the U.S.

Convene also recently announced the acquisition of Beco, a mobile workplace analytics and data platform, in order to provide Convene’s commercial real estate landlord partners with valuable location-based insights and data.

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