Quarters and The Collective continue to put down stakes in Brooklyn, the hotbed of co-living developments in New York City.
The two co-living brands are developing properties across from each other on Fulton Street in the Bedford Stuyvesant neighborhood of Brooklyn.
The Brownstoner reported that the German co-living company Quarters leased the residential space at 1190 Fulton Street. Once completed, the building will have two floors of retail space and six floors of residences, about 30 apartments.
Directly across the street at 1215 Fulton Street, London co-living company The Collective is developing a combination hotel-apartments-restaurant-community space. Building permit filing shows “a 10-story, 161,348-square-foot building with 136 apartments and 222 hotel rooms. There will also be attended underground parking, bike storage, a restaurant, public courtyard, spa, lounges, and a variety of other “amenity” spaces inside and out.”
Elsewhere in Brooklyn, The Collective is developing its New York City co-living flagship in Williamsburg. It is also renovating the Paper Factory Hotel in Long Island City, its first co-living space in the U.S.
The Collective is blending the hotel/co-living model. The company’s website describes the Paper Factory as “the best of both worlds. It offers all the benefits and hospitality of a hotel, with the shared programs and experiences our co-living communities are known for.” Hospitality properties, such as hotels and co-living spaces, are quickly adopting the multiple-use model to meet the changing lifestyle needs of guests.
The Collective’s Brooklyn properties are slated to open in 2022.
photo credit: The Collective