WeWork Nixes Planned Seattle WeLive Location

The We Company has canceled plans for its long-anticipated Seattle co-living location, it announced Monday.

In what would have been its third WeLive and first West Coast co-living location, WeWork had planned  to occupy the entirety of Martin Selig Real Estate`s 36-story tower heading for the city`s Belltown neighborhood.

Now, it has scrapped its coworking and co-living plans for the nearly complete tower — it announced the development agreement in 2017 — in the latest sign of trouble since it began its doomed initial public offering process over the summer...

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RSK: More fallout!

Ken Notes: Too bad really, because alternative living facilities are needed in communities where rents are pricing many out of the market. I am pretty sure affordable is not what WeWork had in mind but "new" housing is clearly needed markets...