Phoebe Gates’ fast-growing AI procuring startup has discovered a brand new residence within the Flatiron District.
Phia, the AI-powered value comparability platform based by Microsoft co-founder Invoice Gates’ youngest daughter and her Stanford classmate Sophia Kianni, signed a lease for the 8,900-square-foot penthouse at 37 East 18th Avenue, The Actual Deal has discovered.
The size of the lease and asking hire on the newly redeveloped workplace constructing owned by Zar Property NY weren’t identified. Zar was represented in-house and JLL represented Phia. Zar declined to remark and JLL didn’t instantly reply to a request for remark.
The lease comes days after Phia introduced it had raised $35.5 million in recent funding, bringing the corporate’s complete haul to $43.5 million, in keeping with People journal. The most recent spherical attracted a roster of celeb traders, together with Khloé Kardashian, Alix Earle, Paris Hilton and Jessica Alba.
Launched in April 2025, Phia helps customers examine costs throughout retailers, estimate resale values, monitor value drops and establish lower-cost alternate options. The corporate now boasts greater than 1.5 million customers and has partnerships with greater than 9,600 retail manufacturers, Folks reported.
The Zar household acquired the 67,000-square-foot workplace property for $27 million in 2024 and not too long ago accomplished a full-scale renovation that included a brand new foyer and rooftop designed by BKSK Architects. The undertaking repositioned the century-old constructing as a boutique Class A workplace property a block from Union Sq..
Phia joins a wave of AI firms snapping up office space in New York. AI tenants accounted for greater than a 3rd of the tech sector’s demand within the first quarter of 2026 with 670,000 sq. toes leased, in keeping with Colliers, a pointy bounce from its 12 % share in 2025.
Phia didn’t instantly reply to an e-mail request for remark.
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