New York (November 16, 2022) – Convene, a hospitality company that designs, builds, and manages premium meeting, event, and flexible office spaces, today announced its expansion into San Francisco, CA. Through a partnership with landlord Blatteis & Schnur, Inc., Convene will occupy 65,000 square-feet of retail space on the fourth and fifth floors at the newly redeveloped 100 Stockton Street.
“Convene has witnessed strong demand for premium meeting spaces in San Francisco; the city is consistently among the top requested expansion markets by our existing clientele,” said Brian Holland, vice president of real estate at Convene. “With the Bay Area being the leading work-from-home region in the country, the market is ripe for an offering that allows teams to gather in-person, while also being able to support the inclusion of a distributed workforce through hybrid capabilities. The redevelopment of 100 Stockton Street is going to be the ultimate work-play destination in the heart of Union Square and we look forward to calling it home to the first Convene location in the Bay Area.”
Convene is a single-solution meetings provider that offers in-house culinary, award-winning design, and AV and production services – delivering a turnkey experience for in-person and hybrid events. Convene at 100 Stockton will have its own dedicated lobby on the ground floor with exclusive elevators to its premium event space on floors four and five; it will also have exterior building signage on the corner of Stockton Street and O’Farrell Street. The location will comprise six unique meeting rooms that can be configured to accommodate various event types – from town halls to classroom-style learning, corporate social events, and more. It is expected to open for business by the end of 2023.
“We are thrilled to have Convene be a part of 100 Stockton. As a true major destination tenancy that will generate substantial, consistent daily foot traffic, Convene represents an exceptional and prestigious value-add for the development, as well as Union Square and the City,” stated Daniel Blatteis, Co-Chairman of Blatteis & Schnur.
100 Stockton Street is a visionary asset repositioning by Blatteis & Schnur. Formerly the site of the Macy’s Men’s department store, the mixed-use development, set to open in 2023, spans 265,000 square-feet on eight levels to support the growing retail market on the South side of Union Square. Other notable tenants signed to the development include internationally acclaimed restaurant Chotto Matte, set to open second quarter of 2023, serving Japanese-Peruvian inspired Nikkei cuisine in a 15,000 square-foot space on the building’s rooftop.
Cushman & Wakefield brokered both sides of the transaction, with the firm serving as representation for Convene and Kazuko Morgan serving as representation for Ownership in partnership with Ashley Brown of Blatteis & Schnur.
“We are very excited for Convene to open their first San Francisco location at 100 Stockton; it will be a great complement to the other tenants within the building and surrounding area,” said Morgan, executive vice chairman of Cushman & Wakefield. “The demand and relevancy for the type of first-class meeting and event space that Convene provides is more important today than ever before and we are pleased to see this deal come to fruition.”
Executive Managing Director J.D. Lumpkin of Cushman & Wakefield, who is now leading a broker team assisting Convene with identifying additional locations, added, “Convene will fill a serious void for premium meeting and event spaces in the San Francisco marketplace, the need for which extensive consulting studies have confirmed. The company’s arrival will be a great boost to the city’s business community and we look forward to working with Convene in their strategic future expansion into other key markets.”
Since its founding in 2009, Convene has served the meetings and events needs of more than 4,000 organizations around the world. Convene currently has a network of 26 premium meetings, events, and flexible office locations across the U.S. and UK.
Convene is a hospitality company that designs and operates meeting, event, flexible office, and membership spaces. With a network of 26 locations across six cities in the U.S. and UK, Convene thoughtfully combines beautiful yet intuitive design, fully-integrated technology services, and a warm and welcoming environment to create a turnkey solution for extraordinary meeting and work experiences. Founded in 2009 with the goal of bringing hospitality and lifestyle into traditional commercial real estate assets, Convene partners with the industry’s top landlords to deliver increased value to their assets and premium experiences to their tenants. The company counts Hudson’s Bay Company, Ares, Brookfield, and RXR Realty among its investors and has been named one of America’s 100 Most Promising Companies by Forbes and a Best Workplace by both Inc. and Fortune magazines.
About 100 Stockton
Located in San Francisco’s historic Union Square, 100 Stockton features flagship retail, creative office space, expansive event areas, and a dramatic rooftop dining venue. Extending nearly half a city block, 100 Stockton includes 265,000 square feet of mixed-use space on eight levels. Upscale multi-purpose destinations like 100 Stockton are the future, creating new experiences that engage, educate, and facilitate community.
About Blatteis & Schnur
Blatteis & Schnur traces its roots back to 1922 when the company was co-founded by Samuel Blatteis as what is believed to be the first real estate firm in the Western United States to make a specialty of retail leasing and brokerage. Blatteis introduced to the West Coast what is now commonly known as the percentage lease, thus enabling retail rental values to be determined equitably during times when retail merchants were unable to reasonably project their ability to meet fixed rental obligations. Percentage leases continue as the accepted standard in the retail industry today, allowing landlords to share in the financial success of tenants.
Blatteis & Schnur’s principal business today specializes in the acquisition, leasing and management of 100% High Street properties in the top 20 urban retail market in the United States. The firm has consummated over 60 transactions of premier properties over the past 20 years in such diverse markets as Beverly Drive in Beverly Hills, Abbot Kinney Boulevard in Venice, N. Michigan Avenue and Lincoln Park in Chicago, Newbury and Boylston Streets in Boston, Walnut Stret in City Center Philadelphia, King Street in Charleston, South Carolina, Maui, Hawaii, as well as Union Square in San Francisco.
About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with approximately 50,000 employees in over 400 offices and approximately 60 countries. In 2021, the firm had revenue of $9.4 billion across core services of property, facilities and project management, leasing, capital markets, and valuation and other services.