In new York, on the border of Bushwick and Williamsburg, will soon open the city’s largest co-living, writes Forbes. The British development company Collective has already started preparatory work at the site at 32.5 thousand m2.
Market short of rental housing in hostels Gostiny type in new York already being developed by companies such as WeWork and the Common. However, the Collective offers an innovative and affordable alternative to expensive areas. The new hostel at 555 Broadway will operate flexible rates for the rental of studios and individual rooms, public spaces, and utilities.
«People with small income it is necessary to remove substandard and often illegally converted space in which the family lived,» says founder and CEO Reza merchant Collective.
Career 29-year-old founder Collective began in a rather unusual place — in the College library.
«From personal experience I can say how hard it was to find something halfway decent and available [at a price] housing. Me as a young resident of London, it was obvious what we need to do something revolutionary,» continues Reza merchant.
His first coliving for 4-6 people Collective opened In 2011 in London. Today similar projects are in the UK, Germany and the USA. Their total capacity is about 6.5 thousand leased or planned to lease places.
Details of the new York project name, total area and estimated price is not disclosed. Therefore, we present tariffs in force in the London company dormitory — Old Oak, where you can rent as a Studio with a separate kitchen and a Suite with a shared kitchen with a weekly and a monthly fee for use. So, monthly rent for a Studio in Old Oak is $1631 provided that the client will live here for at least a year, to $1827 in the contract quarter. Private room cost, respectively, from $1378 to $1574 per month.
In the new York coliving will operate a restaurant and bar, outdoor retreats, fitness center, exhibition halls, art gallery, and rehearsal and office space.
«It’s very important how people feel in our hostels and how you can create a living space that would help people to become better,» said Reza merchant.
