{"id":1004645888,"date":"2023-02-15T04:11:04","date_gmt":"2023-02-15T12:11:04","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004645888"},"modified":"2023-08-14T01:01:01","modified_gmt":"2023-08-14T09:01:01","slug":"serendipity-labs-to-open-workspace-at-durst-property","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/serendipity-labs-to-open-workspace-at-durst-property\/","title":{"rendered":"Serendipity Labs to Open Coworking Space at Durst Property"},"content":{"rendered":"\n<p><\/p>\n\n\n<div id=\"attachment_1004645893\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/Serendipity_Labs_205_E_42nd_Street_Durst_Organization.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004645893\" data-attachment-id=\"1004645893\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/serendipity-labs-to-open-workspace-at-durst-property\/serendipity-labs-205-e-42nd-street-durst-organization\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/Serendipity_Labs_205_E_42nd_Street_Durst_Organization.jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;Serendipity Labs&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;The Durst Organization has selected Serendipity Labs to operate a 41,000 square foot flexible office and meeting and events facility on the 19th, 20th and 21st penthouse floors of 205 East 42nd Street. The opening of Serendipity Labs - Grand Central provides Durst office tenants with on-demand access to the operators\\u2019 tristate coworking network in Westchester County, Connecticut, New Jersey and the NYC Financial District. (Photo Credit: Durst Organization)&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;Jeremy Frechette, 2018&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;Serendipity-Labs-205-E-42nd-Street-Durst-Organization&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"Serendipity-Labs-205-E-42nd-Street-Durst-Organization\" data-image-description=\"&lt;p&gt;205 E 42nd Street, right, near the Chrysler Building. Image courtesy of the Durst Organization via Serendipity Labs&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;205 E 42nd Street, right, near the Chrysler Building. Image courtesy of the Durst Organization via Serendipity Labs&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/Serendipity_Labs_205_E_42nd_Street_Durst_Organization.jpg?w=800\" class=\"wp-image-1004645893 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/Serendipity_Labs_205_E_42nd_Street_Durst_Organization.jpg?w=300\" alt=\"\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/Serendipity_Labs_205_E_42nd_Street_Durst_Organization.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/Serendipity_Labs_205_E_42nd_Street_Durst_Organization.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/Serendipity_Labs_205_E_42nd_Street_Durst_Organization.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004645893\" class=\"wp-caption-text\">205 E. 42nd St., right, near the Chrysler Building. Image courtesy of the Durst Organization via Serendipity Labs<\/p><\/div>\n<p>Coworking space provider <strong>Serendipity Labs<\/strong> is taking up space at one of <strong>The Durst Organization<\/strong>\u2019s New York City office buildings, pursuant to a 10-year operating agreement.<\/p>\n<p>The new office space, known as Serendipity Labs \u2013 Grand Central, will occupy 41,000 square feet comprising the 19th, 20th and 21st floors atop 205 E. 42nd St. The building, situated in the Midtown East neighborhood of Manhattan just one block from namesake Grand Central Terminal, boasts 532,000 square feet of office space.<\/p>\n<p>Slated to open March 1, 2023, the new coworking location will offer event space and access to a rooftop terrace, as well as 91 private offices and team office suites accommodating more than 450 desks.<\/p>\n<hr>\n<p><strong>READ ALSO<\/strong>: <a href=\"https:\/\/www.commercialsearch.com\/news\/whats-ahead-for-the-coworking-sector-in-2023\/\">What\u2019s Ahead for the Coworking Sector in 2023<\/a><\/p>\n<hr>\n<p>Serendipity operates coworking locations in more than 35 urban markets in the U.S. and U.K., including New York\u2019s Financial District in Lower Manhattan, suburban Westchester County, N.Y., and the states of Connecticut and New Jersey.<\/p>\n<p><strong>JLL<\/strong>\u2019s Michael Berman represented Serendipity in the deal, while Durst was represented in-house by Senior Vice President of Business &amp; Strategic Partnerships Robert Becker and Managing Director Lauren Ferrentino.<\/p>\n<h2>A flexible alternative to long-term leases<\/h2>\n<p>Serendipity Chairman &amp; CEO John Arenas called the coworking space \u201ca flexible alternative to long-term office leasing for companies that have decided to downsize their fixed real estate commitments and for those that need to support new, hybrid workplace policies offering employees better access to transportation to shorten commutes.&#8221; In a statement, the company touted the new offices\u2019 proximity to Grand Central, which offers access to the New York City subway, the MTA Metro North and the Long Island Railroad.<\/p>\n<p>The increasing popularity of coworking spaces has allowed Serendipity to <a href=\"https:\/\/www.commercialsearch.com\/news\/serendipity-labs-coworking-to-enter-6-new-markets\/\">open several new offices<\/a> in recent years, <a href=\"https:\/\/www.commercialsearch.com\/news\/serendipity-labs-opens-nashville-coworking-space\/\">most recently<\/a> in Nashville, Tenn.<\/p>\n<p>Constructed in 1929, 205 E. 42nd Street was acquired by Durst in 1944. Its tenants include the City University of New York, real estate firm Douglas Elliman, Fedcap Rehabilitation Services and the United Way of New York City.<\/p>","protected":false},"excerpt":{"rendered":"<p>Situated across three penthouse floors, the new location exceeds 40,000 square feet. <\/p>\n","protected":false},"author":3154,"featured_media":1004645893,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,52118,1600,21742,10,21747,21785],"tags":[42461,33667,33492],"class_list":["post-1004645888","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-coworking","category-new-york","category-latest","category-northeast","category-office","category-property-management","tag-coworking","tag-serendipity-labs-coworking","tag-the-durst-organization"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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