The campus at 959 Seward Avenue, Serendipity Labs CEO John Arenas (credit: JLL)
No, it’s not WeWork.
Serendipity Labs Coworking, which like its bigger rival is also based in New York, has signed a lease at the Hollywood 959.
It marks the first Los Angeles location for Serendipity Labs, which is taking 36,000 square feet inside the creative office building, at 6555 Barton Avenue, CoStar reported.
The firm will be taking over Broad Green Pictures’ headquarters in the building, following news that the film company would shutter its production division.
Designed by Gensler, the Jerry Snyder-built property in the Hollywood Media District includes two buildings. The 138,000-square-foot West location is where Serendipity Labs will be. Adjacent to it is the 120,500-square-foot East, at 959 Seward Street. Sound company Formosa Group, which has worked on “Game of Thrones,” leases two floors at that location.
Serendipity Labs’ offerings range from $850 per month for a dedicated desk to $9,000 for an eight-person suite, according to the company.. Members also have some short-term options, such as 10-day packages or day rates.
The firm already has locations in Atlanta, Miami, Chicago, Denver, among others. Its latest Hollywood outpost is its 11th location nationwide.
Serendipity Labs isn’t the only co-working company moving into the Hollywood surroundings. Second Home, a London-based co-working firm, already inked a 20-year lease to occupy office space at an East Hollywood conversion project, which is now under construction. In addition to WeWork, other co-working companies that have locations in Hollywood are IgnitedSpaces and Neuehouse. [CoStar] — Natalie Hoberman
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