“In October, Common opened its first flagship home on Pacific Street in Crown Heights, Brooklyn. Since then, the nineteen members living there hosted almost ten potluck dinners, attended a few Daybreakers, started a book club, arranged movie nights, and helped Common craft a better experience for rental living in NYC and beyond,” the company said in a Jan. 12 announcement of the new location.
The Albany Avenue house will have fewer bedrooms, 10, and cost less, $1,500 a month, than Common’s first location, which has 18 bedrooms that go for $1,800 a month.
— Brad Hargreaves (@bhargreaves) January 12, 2016
Coworking titan WeWork opened its first coliving space on Wall Street last week, in that company’s first foray into coliving, Fast Company reported. The WeLive facility has 45 units housing 80 people, and hopes to expand to 600 people over 20 floors.
“One of the challenges is that these cities have a big mismatch between supply and demand for housing. I saw the New York problem first-hand,” Common founder Brad Hargreaves told us when the company launched. “Our students [at General Assembly] would come and typically wouldn’t qualify for a lease and would end up going to Craigslist and would rent a space from a stranger. Some of those are great and some were really, really bad.”
*Style note: Coliving, which previously appeared here as “co-living,” will henceforth exist without the hyphen, a la “coworking.”-30-
Inside the Brooklyn factory building stackable homes
Will this Brooklyn startup allow everyone to make professional-quality #content?
Nooklyn wants to find your next apartment
You can win up to $360,000 at the WeWork Creator Awards
Publicly traded company AECOM takes space in Industry City
Planning org: If the rent is too high, repeal housing caps
Coliving gets real with Common raising $40M Series C
Explore how diverse teams build dynamic products with Dev Bootcamp
Sign-up for daily news updates from Technical.ly