SPACES, the Netherlands-based co-working provider, has leased 37,000 square feet of space on the ground and second floors of The Paramount at 680 Mission Street. The new location will be the company’s first on the west coast and second in the United States, with 284 desks in Long Island City.
When Related California built The Paramount back in 2001, the 420-foot building was the tallest residential development in San Francisco.
I used to walk by this building every day to get to work.
I recall the ground floor space as being often empty. Hard to lease I guess. Sort of out of the way for retail.
Always wondered how successful these apartments were/are. As in vacancy rate. Again, its off the beaten path. For a rental anyway. Maybe that is changing if the Museum tower gets built but this area seems sort of quiet despite being right at the Moscone Center.
The corner of Third and Mission Streets, across from the St Regis, is “off the beaten path”??
My first thoughts exactly, then I saw who the poster was, and it all makes perfect sense.
Well, it’s not in Oakland, so obviously……
They are pretty successful, I assure you. I used to live in that building. The rent is now twice what they used to be back in 2010. Very convineient location for FiDi and Soma workers, btw. Sprinkled with them are 15% BMR residents.
Is this the same business model as WeWork?