WeWork Accused of Abandoning San Francisco Development Project

5/29/2020

(Bloomberg) -- WeWork was accused in a lawsuit of reneging on a pledge to invest $450 million in a San Francisco development project that was supposed to showcase the WeLive communal living initiative.

Parkmerced Investors LLC sued the troubled co-working startup Thursday in New York state court, saying it abandoned a promise to help build WeWork-designed apartments and communal living space with media rooms, hot tubs and activities such as happy hours and yoga classes. Parkmerced Investors is seeking at least $100 million in damages.

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WeWork Accused of Abandoning San Francisco Development Project

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