All photos courtesy of Common
Jersey City was recently ranked the 17th-best city in the nation for young professionals, which isn’t surprising considering it’s a 10-minute PATH ride to lower Manhattan and has seen a true artistic renaissance unfold over the last decade. But that doesn’t mean it’s an affordable place for young professionals to live, which is where the new 122-unit micro-apartment property Nest comes in.
Located at 190 Academy Street in Journal Square, the property is overseen by innovative multifamily property manager Common and was developed by KSNY and Strategic Properties. The fully-furnished studio apartments start at just $1,277/month and, in the creative spirit of Jersey City, are showing that affordability doesn’t mean you have to sacrifice good design. (And just wait ’til you see the amenities.)
Photos by Seth Caplan for Common
Co-living startup Common has opened its third Harlem location in the St. Nicholas Historic District, better known as Strivers’ Row for the long list of African American luminaries who lived along the two-block stretch. Common brings its modern approach to the area, with a handful of private bedrooms now available at 267 West 139th Street from $1,600 to $2,200 a month.
Take a look around
Rendering courtesy of Common and L+M Development Partners
A year ago, the city’s Department of Housing Preservation and Development announced plans for an affordable co-living pilot program. Known as ShareNYC, the initiative “lets developers seek public financing in exchange for creating affordable, shared-housing developments,” as 6sqft previously reported. The city has now selected three proposals that will create or preserve accommodations for roughly 300 residents. Two of the projects, including one by co-living giant Common, will be located in East Harlem, while the third will be in East New York.
Learn about all the projects
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.”
What if your home was more than just a place to live? What if it took care of the tedious parts of everyday life (like cleaning, paying utility bills, and shopping for the basics) and there were always a bunch of interesting and like-minded people hanging out in your living room? Brad Hargreaves, CEO of Common, has structured his co-living housing company to be just that.
While we’ve reported on Common before (as well as WeWork’s similar new shared housing setup in FiDi), today we’re going behind the scenes at Common’s first outpost located in Crown Heights. We asked three residents why they chose to live at Common, if this catered style of co-living beats the standard New York roommate setup, and, of course, what we all really want to know—with 10 different personalities under one roof, just how “Real World” do things get?
Meet residents Jason, Kamilah and Adam here
The perpetual waves of recent graduates and other young professional hopefuls streaming into New York City seem to be finding themselves stuck when it comes to finding a place to bunk between cubicle and pub. So it’s no surprise that a growing field of enterprising entrepreneurs–after observing the moderate success of the co-working model and the mind-melting success of Airbnb–have stepped in with a hybrid of all of the above.
6sqft previously noted the Wall Street launch of co-working startup WeWork’s communal living concept. Now, another co-living player, Common, who recently brought upscale shared housing to Crown Heights, will be opening the doors on a communal residence in prosaically trendy Williamsburg at the corner of South 3rd Street and Havemeyer. Common CEO Brad Hargreaves with partner Henry Development is building a 12-suite, 51-bedroom, 20,000-square-foot residence, the company’s first ground-up effort here. The most buzz-worthy bit about this new addition is that members will pay $1,800 to $2,700 a month for a bedroom in one of 12 duplex suites, with one, two or three other roommates. The higher-end numbers represent rooms with a private bath–essentially a studio with friends with benefits.
What’s the story here