For Halcyon, the much-hyped live-work-play enclave in South Forsyth set to make its debut next week, much of the attraction has been focused on the influx of new restaurants and retail businesses it aims to bring to the area. But just as crucial to the success of the $370 million-project is the developer’s ability to fill more than 350,000 square feet of office space.
The development just pulled its biggest name yet. WeWork, a leading shared workspace provider, has signed on to lease 58,000 square feet of office space, according to Halcyon developers RocaPoint Partners.
WeWork will lease the top two floors of Halcyon’s four-story 1200 Building, which is located above street-level retail.
“From day one, WeWork’s model for modern coworking and the vision for Halcon have both been rooted in a common denominator: community,” said Phil Mays, principal at RocaPoint, in a statement. “We believe the creativity and entrepreneurial energy of WeWork’s diverse member base will be a symbiotic addition to the village.”
WeWork was founded in 2010 by Adam Neumann and Miguel McKelvey and has since come to be valued at $47 billion, although it has recently encountered struggles with a proposed initial public offering.
That hasn’t stopped WeWork from expanding its Atlanta footprint. The company’s Halcyon location would be its 12th in metro Atlanta and bring WeWork’s square footage to nearly 1 million, according to developers.
The addition of WeWork completes the first phase of Halcyon’s office space, according to developers. Newmark Knight Frank, the Atlanta-based commercial real estate firm managing Halcyon’s office leasing, recently signed agreements with RSM, a middle-market audit tax and consulting firm, and CMAC Inc., a supply chain consulting and systems integration firm based in Alpharetta, to occupy 5,300 and 6,200 square feet, respectively, in the 1200 Building.
The announcement comes in advance of Halcyon making its much-awaited debut to the public since the project’s groundbreaking in 2016. Officials recently announced eight businesses in the mixed-use “village” will be open starting on Wednesday, Sept. 18.