Via The Collective
London-based communal living company The Collective has purchased a hotel in Long Island City with plans to convert the building into a space for co-living. The Paper Factory Hotel, located at 37-06 36th Street near the Astoria border, will be transformed into a space for “short-stay” co-living, which the company says will give members more flexibility in the length of their stay. The first phase of the conversion adds cultural and educational space to the building’s ground floor; the second phase adds 100 more bedrooms to the hotel’s existing 125 rooms. More this way
Rendering courtesy of Think! Architecture and Design
Hoping to create affordable housing more quickly and at a lower cost, New York City is turning to cutting-edge construction methods. The city’s Department of Housing Preservation and Development announced on Monday plans to develop 167 affordable housing units in the Brooklyn neighborhood of East New York using modular construction. The $70 million project would become the first under Mayor Bill de Blasio’s Housing New York 2.0 program to use this method of building on property owned by the city. As first reported by the Wall Street Journal, officials think modular construction could reduce the project’s timeline by 25 to 30 percent.
Images courtesy of The We Company; Photography by Dave Burk.
Recently re-branded as the We Company, the juggernaut formerly known as WeWork has introduced Made By We, an “on-demand workspace,” event space, retail shop and cafe at 902 Broadway in the Flatiron district. Manhattan’s largest private office tenant adds the new retail and no-membership-required co-working concept to a growing list of conquests that includes the landmarked Lord & Taylor building which they’ve tapped starchitect Bjarke Ingels to restore and co-living (WeLive) and childhood education (WeGrow) ventures as well as their better-known co-working brand.
More We this way
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.”
The Collective Old Oak in West London
On the heels of London-based housing brand The Collective’s announcement to bring a huge, co-living community to Brooklyn, the city of New York announced on Thursday plans to get involved with the growing housing trend. The city’s Department of Housing Preservation and Development said it will launch a pilot program that lets developers seek public financing in exchange for creating affordable, shared-housing developments, the New York Times reported.
Image: The Metropolis
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The Collective Old Oak in West London.
6sqft has checked in periodically to track the progress of co-living brands like Common and a foray into what some call “adult dorms” by co-working giant WeWork. Now, lifestyle and housing brand The Collective, the London-based creator of the world’s biggest co-living community, has announced plans for a New York City flagship in Brooklyn at the border between Williamsburg and Bushwick at 555 Broadway.
When can we move in?
Images (L to R): Atelier Apartments, The Drake, 223 Fourth Avenue and 125 Borinquen Place
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Photo of WeWork CEO Adam Neumann and Bjarke Ingels, by Alexei Hay for WeWork
WeWork, the $20 billion provider of co-working and temporary office spaces, just announced that rockstarchitect Bjarke Ingels will be their Chief Architect, a role in which he’ll advise the company on all their projects, as well as offer his insights and ideas. With Bjarke at the helm, WeWork hopes to impact buildings, neighborhoods, and even broader, the cities in which they’re located by working with city planners and politicians to change the future for the better. In a press release written by CEO and co-founder Adam Neumann, WeWork boasts Bjarke’s creativity and practicality: “Bjarke caught my attention because he’s changing the way we think about architecture. His designs inspire as much as they surprise.”
Images (L to R): ALTA LIC, JACKSON PARK, OSKAR and 1N4TH
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