Globe Street – July 11, 2017

Co-working firms Serendipity Labs Co-Working and UrWork have forged a partnership that will potentially have far-reaching implications for both firms by opening new markets with less capital.

Serendipity Labs, headquartered in Rye, NY and UrWork of Beijing, China announced their newly formed partnership has signed a 34,000-square-foot 16-year lease at 28 Liberty St., the former One Chase Manhattan Plaza tower in Manhattan’s Financial District owned by Chinese conglomerate Fosun. The co-working space marks Serendipity Labs’ and UrWork’s first location in New York City and what is believed to be UrWork’s entrance into the United States.

The new office is scheduled to open this October. The companies have also reached what they termed as a first-of-its-kind agreement for the co-working industry by interconnecting their respective co-working networks across the U.S. and China for members of both companies. …

“Through this partnership, we are creating immediate value for our members without committing to extensive investments in overseas operations,” says John Arenas, CEO and founder of Serendipity Labs. “It provides our members seamless access to UrWork’s extensive network of locations, while offering their members upscale co-working when in the U.S. We are creating a new model for the co-working industry by establishing a network that can reach farther, faster.”

Mao Daqing, founder and CEO of UrWork, adds, “We are proud to be partnering with an industry leader in the United States at a location of this stature. Our members who wish to do business in the U.S. can expect an upscale, hospitality-based experience with Serendipity Labs, and we look forward to supporting Serendipity Labs members when business takes them to China.” …

Source: John Jordan, “Co-Working Firms Build International Bridge With NYC Lease Deal” Globe Street