Home Real Estate Real estate ‘unicorn’ Orchard Technologies moving downtown

Real estate ‘unicorn’ Orchard Technologies moving downtown

0

Orchard Technologies, a newly minted “unicorn”  that aims to simplify the home-selling-and-buying process, had its own odyssey finding a new home for its fast-growing business. The outcome: a welcome, 107,000 square-foot boost for the downtown office market.

The four-year-old firm was working out of a 25,000-square-foot Knotel flex-space until Knotel went bankrupt early this year.

Orchard relocated temporarily to a WeWork location on West 14th Street, but needed much more elbow room for its growing staff.

Now, it’s signed a lease on three floors at L&L Holding Company’s 195 Broadway, the landmarked “wedding-cake” tower between Fulton and Dey streets.

Ironically, part of Orchard’s new space was originally built out for Knotel, which never took possession.

Orchard achieved unicorn status earlier this month when it announced that it had raised  $100 million in Series D funding, lifting its…

Click here for full article…nypost.com