The three-building complex at East Fourth Place and Mateo includes the five-story, 1920s-era Maxwell Coffee building, now offices, and an under-construction eight-story building with parking and offices that will be complete this summer. (A commercial building is not part of the deal.)
The development is owned by Hudson Pacific Properties. The real estate company has leased entire buildings to Netflix in Hollywood and, on the Westside, to Google, which will rent all of the available office space in the Westside Pavilion once its redevelopment is complete.
As TRD notes, this would be the Arts District’s first WeWork, though the coworking company already has at least a dozen other locations across Los Angeles.
The Arts District, meanwhile, continues to attract office tenants. Spotify is moving into At Mateo, nearby on Mateo and Palmetto, which it will share with the meal-replacement company Soylent and the USC Roski School of Art and Design.