A new ritzy coworking space is betting that New York City's ultra-rich don't like working from home.
Colette, a private club and coworking space, is set to open in midtown Manhattan in March and will cost $125,000 to join, plus $36,000 in yearly dues.
Bloomberg, which first reported the details about Colette, dubbed the space a "WeWork for the .01%."
The space boasts views of Central Park and the Plaza Hotel and will include 23 private offices with individual temperature and light controls, conference rooms, and a "members lounge," according to Bloomberg.
The project is being developed by Juan Santa Cruz, a designer and restaurateur whose London restaurants count Madonna, Elton John, and Prince Harry as customers, according to the New York Post.
Colette comes at a time when working from home has become the norm for many workers in major cities, and some experts predict it will take years for New York City to reach pre-pandemic levels of in-person work.
"The world has been evolving for quite some time, and the pandemic has made it more evident that people do not use their offices as much as they think they do or wish they did," Santa Cruz told Bloomberg.
Santa Cruz said he wants to open Colette for people who "are used to having an amazing office." Check out photos of the ultra-luxury working space before it opens to members.