Anthony Holten signed up for a WeWork office in Astoria, Queens, in October, soon after moving into the neighborhood in hopes of getting out of the house and finding a community. Less than a month later, on Nov. 1, he received an email notifying him that his location would be closing in three weeks as part of what WeWork claimed was a regular review of its real estate portfolio, according to an email shared with Bisnow. He would be transferred to 430 Park Ave. in Midtown — a nearly 30-minute commute away. Days later, WeWork filed for bankruptcy. “If I had known the Astoria WeWork would be shut down I would have gone with [a competitor],” Holten said. “Ultimately, if I can work remotely from anywhere, why would I go through the hassle of keeping up with WeWork’s changing communications as they restructure?”
As WeWork has scrambled throughout its bankruptcy to renegotiate and exit hundreds of leases, some of the members on whom the company depends have been left confused and frustrated in the whirlwind.To paint a picture of how the embattled coworking pioneer's financial troubles have affected its customers,… Read the full story here. |