Twitter co-founders move Obvious Corp into spacious new digs

SAN FRANCISCO Sat Jan 19, 2013 7:11am IST

Biz Stone, co-founder of Twitter, speaks at the Charles Schwab IMPACT 2010 conference in Boston, Massachusetts October 28, 2010. REUTERS/Adam Hunger/Files

Biz Stone, co-founder of Twitter, speaks at the Charles Schwab IMPACT 2010 conference in Boston, Massachusetts October 28, 2010.

Credit: Reuters/Adam Hunger/Files

Related Topics

SAN FRANCISCO (Reuters) - Evan Williams and Biz Stone, the co-founders of Twitter, have leased three sprawling floors in a historic downtown San Francisco tower for their low-profile start-up incubator, The Obvious Corporation.

Obvious said Friday it leased 75,000 square feet at the busy 760 Market Street location - known as the Phelan Building - in one of the city's larger commercial real estate deals in recent months.

The downtown space will be able to hold roughly 500 employees and signals ambitions at Obvious, which was re-constituted when Williams and Stone both left Twitter in 2011.

The incubator, with no more than two dozen employees, has mostly stayed out of the press except when it unveiled two new blogging platforms called Medium and Branch last September.

Although still thinly staffed, Obvious's new space is larger than start-up Pinterest's recently inked lease in the city.

"We need the right space from which to grow the Medium team and position Obvious to focus on bringing our new ideas to life," Obvious CEO Williams said in a statement Friday about the new lease.

The company will occupy the seventh, eighth and ninth floors of the triangular building, which wraps around a central courtyard, said Jenny Haeg, a real estate agent who has brokered leases for Square Inc, Dropbox, Airbnb and other large tech startups. (Reporting by Gerry Shih; Editing by Bob Burgdorfer)

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

Making Big Moolah

REUTERS SHOWCASE

Jagger on James

Jagger on James

Mick Jagger talks about his friendship with the late James Brown.  Video 

Amy On Paper

Amy On Paper

Late singer Amy Winehouse has her life detailed in a new bio comic book.   Video 

Gershwin  for Joel

Gershwin for Joel

Singer Billy Joel to be honored with U.S. Gershwin Prize   Full Article 

Improving Selfies

Improving Selfies

Beauty apps show 'before and after,' glamorize selfies.  Full Article 

McCrory in 'Medea'

McCrory in 'Medea'

Modern 'Medea' in London stars Potter film's Helen McCrory  Full Article 

Goodbye Hermes

Goodbye Hermes

Top designer Christophe Lemaire quits Hermes to develop his own brand.  Full Article 

Lovebox Festival

Lovebox Festival

U.S. rapper Nas has London crowd spellbound with "Illmatic".  Full Article 

On the Top

On the Top

Ed Sheeran tops British album chart, sets 2014 record.  Full Article 

Photo

World Chefs

Michelin-starred Hungarian chef inspired by "two moms"  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage