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

Cinema

REUTERS SHOWCASE

Movie Review

Movie Review

Farah Khan brings back SRK, self-deprecating jokes, six-pack abs and lots of bling.  Full Article 

La Renta's Funeral

La Renta's Funeral

Designer Oscar de la Renta's funeral to be private New York affair.  Full Article 

Stratospheric Career

Stratospheric Career

Matthew McConaughey enjoying his 'Interstellar' career heights.  Full Article 

Horror Role

Horror Role

From 'Bates Motel' to 'Ouija,' Olivia Cooke finds breakout in horror.  Full Article 

Debut Tweet

Debut Tweet

Britain's Queen Elizabeth sends her first tweet.  Full Article 

Job Hunting

Job Hunting

Rebekah Brooks in New York 'explores' job opportunities.  Full Article 

"John Wick"

"John Wick"

Actor Keanu Reeves returns to the dark side in 'John Wick'.  Full Article 

For A Cause

For A Cause

Elton John joins with U.S. agencies on new AIDS programme.  Full Article 

Reuters India Mobile

Reuters India Mobile

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