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
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?
Slate Property Group filed permits fully demolish a five-story walk-up building at 203 East 33rd Street in Murray Hill. No details of their plans have been made public, but the team has the ability to transfer development rights from the string of adjacent properties they own to construct a mid-size building.
Built in the early 1900’s, the structure is one of seven adjacent tenement buildings between Second and Third Avenues that the development group purchased in 2013 that are altogether called The Collective. In all, the buildings comprise 146 rental apartments and eight retail spaces. A $10 million renovation and rebranding reconfigured the units into smaller apartments with high-end appliances aimed at young college students and post-graduates. All seven buildings are linked with an underground tunnel, which features a screening room and a game room. Other amenities include a part-time doorman, dishwashers, and a huge shared rooftop terrace with outdoor seating.
More details here