Photo of another location, via Common
As of April 2018, co-living startup Common had raised $40 million in Series C venture funding, far more than the $15 and $11.5 million raised by its competitors Ollie and HubHaus. Since opening its first NYC location in 2015 in Crown Heights, Common has expanded with 10 locations in Brooklyn and Queens, but they’ve now decided to turn their attention to Manhattan. The company announced today that they will open a 32-bed building at 47th Street between Ninth and Tenth Avenues in Hell’s Kitchen–“a short subway ride on the C or 7 trains into Long Island City and Amazon’s HQ2.”
Common’s Manhattan location, dubbed Common Clinton, is being built through a partnership with YD Development, and construction officially commenced today with a projected 2019 completion date. The building will rise five stories and encompass 11,000 square feet. According to the team, it will be the “most eco-friendly and efficient home in their portfolio,” thanks to a custom solar canopy from Brooklyn SolarWorks, motion sensor lights, low flow plumbing fixtures, and smart thermostats. In addition to its 32 beds, it will offer a multi-functional common room and a green roof designed by Shigeo Kawasaki. Rent (prices for which have yet to be announced) will include wi-fi, weekly cleanings of common spaces, shared supplies, and “hospitality-grade amenities.”
Sam Adler, Director of Real Estate at Common, said in a statement, “Common’s expansion into Manhattan offers a new opportunity for us to enhance the quality of living on the thriving West Side, where mega developments are bringing more businesses, restaurants and arts and culture spaces.”
Common’s NYC footprint so far offers 300 beds across Brooklyn and Queens, but they’re optimistic that they’ll be able to double this over the next two years with 20 homes. In addition to locations in San Francisco, Washington DC, and Seattle, the company recently announced a 233-bed co-living building in Chicago, the largest in the entire Midwest.
In other news, London-based company The Collective, creator of the world’s biggest co-living community, recently announced plans for a New York City flagship in Brooklyn at the border between Williamsburg and Bushwick, which will be the largest co-living location in NYC. And earlier this month, the city said it will launch a pilot program that lets developers seek public financing in exchange for creating affordable, shared-housing developments.
- Three People Share What It’s Like to Live in Common’s Co-Living Concept in Brooklyn
- Common’s Shared Living Concept Brings $3,000 Bedrooms to Williamsburg
- New York City to launch affordable co-living pilot program
- London housing pioneer will bring NYC’s largest co-living location to Brooklyn
Neighborhoods : Hell's Kitchen