WeWork has announced the location of another new co-working office location in Metro Vancouver — the company’s second location in Burnaby.
A 1,200-desk workspace is set to occupy four floors of Brentwood Tower 3 within The Amazing Brentwood at 4635 Lougheed Highway, but the opening of this space is further down the pipeline in early 2021 as the tower is part of an upcoming phase of the comprehensive redevelopment project.
The multinational co-working giant has already announced plans to open two new locations in the region this year. An 800-desk location will open at Westbank’s new Main Alley tech campus at 2015 Main Street in Vancouver’s Mount Pleasant district later this spring, while a 1,200-desk location will open at Anthem Properties and Beedie Living’s Station Square redevelopment at 6060 Silver Avenue — near Metropolis at Metrotown shopping mall and SkyTrain’s Metrotown Station — in September of this year.
Since entering the region’s market in the fall of 2017 with its first location at Three Bentall Centre in downtown Vancouver, WeWork’s presence in Vancouver has grown rapidly and exponentially.
The company has a second location in another tower within Bentall Centre, a nearby location at Grant Thornton Place at 333 Seymour Street (across from Waterfront Station), and a 1000-desk location within the Marine Gateway office tower in South Vancouver.
Throughout 2018, WeWork grew by over 180% in Vancouver, with 2,600 desks added — increasing the total number of desks in the region to 4,040 desks as of the start of this year.
WeWork projects it will have 18,000 members within the Pacific Northwest by the start of April 2019, with 3,500 members in Vancouver, 12,249 members in Seattle-Bellevue, and 2,197 members in Portland.
Globally, the company now has 425 locations in 100 cities within 27 countries. In March 2019 alone, it opened 19 new locations and expanded 19 existing locations, totalling an expansion of 18,200 desks and 968,000-sq-ft of floor area.
When fully complete, The Amazing Brentwood’s 28-acre redevelopment will entail 10,500 homes over about a dozen towers, 1.1 million-sq-ft of indoor and outdoor retail and restaurant space (more than double the existing shopping mall) including a 64,700-sq-ft Cineplex with five VIP cinema auditoriums and a Rec Room, 600,000-sq-ft of office space, and expansive public spaces for events.
The first phase of the redevelopment is slated for completion later this year.