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This Week in Tech: Amazon's Northern Virginia Campus - NBWW | Nichols Brosch Wurst Wolfe
Plus, the We Company launches a $2.9 billion investment platform, a co-working space for AEC companies opens in California, and more design-tech news from this week. By Katharine Keane Tech giant Amazon released the first renderings of the initial phase of its ground-up construction for its Northern Virginia HQ2, which is slated to house 25,000 employees. Amazon plans to build two 22-story, LEED Gold-certified towers where vacant warehouses currently stand. The campus will also include 50,000 square feet of new retail space, 1.1 acres of public open space, and parking for 600 bikes. The company will invest $2.5 billion over the next decade to complete the project. [Amazon] WeWork parent company, the We Company, is launching a platform for real estate acquisition and management with Ivanhoé Cambridge, a Canadian real estate investment firm. Essentially, instead of leasing properties from other building owners to then renovate into co-working space, the We Co. wants to outright buy the properties it plans to convert. According to a press release, the ARK platform will initially deploy $2.9 billion in equity. “We have seen first hand the value that the WeWork ecosystem can create for landlords and real estate partners,” said ARK managing partner Rich Gomel in a press release. “The launch of ARK will help drive growth by leveraging The We Company’s extensive real estate experience and network. ARK has been set up to capitalize on that opportunity and allow us to provide different partnership options for the real estate community to participate in the growth and expansion of the We Company.” [The We Company] Read it all HERE >>>>> Source: Architect https://www.architectmagazine.com/technology/this-week-in-tech-amazons-northern-virginia-campus_o