110 Wall St., the building that houses the first WeLive. Rudin has placed 110 Wall St. – a building CEO Bill Rudin’s grandfather, Samuel Rudin, built more than 50 years ago – on the market for sale, The Real Deal reports.
The We Company occupies the entire building, and 21 of 110 Wall’s 27 floors are dedicated to the first output of WeLive, the company’s multifamily concept, which opened in early 2016. The We Company signed a lease for the building until 2041.
Bill Rudin was an early investor in WeWork, and besides his firm’s gamble on WeLive in a Wall Street office building, Rudin and Boston Properties are co-developing Dock 72 with WeWork in the Brooklyn Navy Yard. That project, a 675K SF, $360M office building far from a subway stop, is one of WeWork’s most ambitious to date, and the coworking firm will fill more than 200K SF when the building opens. 110 Wall St. was heavily damaged during Superstorm Sandy, and the vacated building forced Rudin to experiment.