Lord And Taylor Building - Wework Buys

Lord & Taylor, the oldest department store chain in the U.S., was struggling with the rise of e-commerce.

Hudson’s Bay Company (HBC), the parent company of Lord & Taylor, announced it would sell the iconic Fifth Avenue building to WeWork for $850 million . wework buys lord and taylor building

The purchase was widely viewed as a symbolic "passing of the torch" from traditional brick-and-mortar retail to the modern, tech-driven coworking economy. Lord & Taylor, the oldest department store chain in the U

Renowned architect Bjarke Ingels was hired to oversee a massive renovation that aimed to preserve the building’s Italian Renaissance-style facade while modernizing the interior. The Downfall and Resale Lord & Taylor