WeWork launches mysterious “Area 51” incubator in Tribeca
Co-working giant WeWork is keeping its new incubator project tightly under wraps; refusing to comment to multiple outlets. Yet one’s curiosity can’t help but be piqued, as the project, operating out of WeWork’s Tribeca location, is exclusively invite only. If someone gets the coveted invite, let us know. [Business Insider]
Squarespace receives $200M investment; hints it will remain private
Though analysts predicted Squarespace would have gone public at some point in its 15 years, the company seems content as-is. A recent investment of $200 million from General Atlantic will go towards buying back previous investments and employee equity. Private or public, the company is doing very well for itself, boasting a $1.7 billion valuation. [Built In NYC]
New York lawmakers push back on vote to eliminate net neutrality
Last Thursday, the FCC eliminated Title II net neutrality regulations in a hotly contested vote. Almost immediately, lawmakers, including Senate Minority Leader Chuck Schumer (D-N.Y.), began working to ensure these relaxed regulations will not come to pass. Presently, representatives are working to force a vote that would allow Congress to overturn the FCC ruling. [Futurism]
Common raises $40M to fund co-living spaces
On Tuesday, housing startup Common announced a $40 million Series C funding round, led by Norwest Venture Partners. The company plans to use its funds to expand its series of shared living spaces, where an individual has a private bedroom, but shares all other amenities. [Technical.y]
Complex moves into 80,000-square-foot office in same building as Yahoo
Media conglomerate Complex is headed downtown — well, sort of. The digital and print brand is set to relocate several blocks from its current, 64,000-square-foot location to an 80,000-square-foot space at 229 W. 43rd Street, the current home of Yahoo and former home of The New York Times. This upgrade comes as other media companies are batting back against declining revenue and large rounds of layoffs. [Crain’s New York]
NYU’s Tandon School of Engineering doubles campus size with new building
New York University is increasing its footprint on the Brooklyn tech scene with the opening of its new 500,000-square-foot building, which remains in its final stages of construction. Upon completion, the 370 Jay Street address will double the size of Tandon’s total campus space. [Technical.y]
Knotel sets sights on Gowanus for first real-estate development
Co-working space developer Knotel has made its name by transforming pre-existing buildings into sleek and modern workspaces. Now, they are building their next project from the ground up, literally. Knotel announced the purchase of a property in the Gowanus neighborhood of Brooklyn as the site of their first full-fledged development, set to open in 2019. [The Real Deal]
