The Yard continues its growth with two new locations opening in Manhattan.
The luxury office suite and co-working space will open its fifth location at 246 Fifth Avenue this fall, with plans to open another location in the Financial District by the end of this year.
“People choose The Yard because we provide the most sophisticated space for New York startups and small businesses,” said The Yard co-founder Richard Beyda.
“Our members are experienced entrepreneurs and successful businesspeople who value a professional space conducive to growth and connections. Our new central Midtown location will give them the best possible access for doing business in Midtown and Flatiron’s Silicon Alley.” Award-winning architect David Bers has designed The Yard’s space to include event space accommodating 150 people; a rooftop garden; full service Gentlemen’s Grooming Club; high tech conference rooms; private offices, suites and co-working space for over 450 people.
The new Midtown location is one block from The Yard Flatiron at 234 Fifth Avenue (at 27th Street), which opened in September 2014.
Demand has been so high for the Flatiron location that Beyda and co-founder Morris Levy quickly secured the 33,000 s/f space to expand its Midtown presence. The Yard Midtown joins member all-access locations at Flatiron, Lincoln Square, Lower East Side, and Williamsburg.
Savills Studley senior managing director Evan Margolin and managing director Lance Leighton represented The Yard to secure the 246 Fifth Avenue location and previously secured the company’s other Flatiron location at 234 Fifth Avenue and their Herald Square/Times Square South location at 883 Avenue of the Americas.
“The Yard is continually seeking strategic growth opportunities that allow them to provide clients unparalleled value, amenities and engaging spaces. The company prioritizes innovation and ensures that their offices fully support their client’s needs from infrastructure to design.” Margolin said.
Leighton added, “The Yard has really been a pioneer in the co-working industry. Understanding that there has been a dramatic shift in office space wants and needs for creative users, many entrepreneurs and start-up companies are preferring flexibility and amenities, such as outdoor spaces and access to more conference and break-out rooms, as well as loft-like finishes over more traditional office spaces.”