Common Opens 10th Brooklyn Location in Landmarked Clinton Hill Brownstone
The grand 1909 Colonial Revival brick and limestone building designed by noted Brooklyn architect John J. Petit was the site of a drug raid in 2014.
Tour the 19-Bed Crown Heights House That’s Trying to Disrupt Brooklyn’s Rental Market
Would you pay $1,950 a month to co-live in this Crown Heights townhouse?
Crown Heights Co-living Space Receives 150-Plus Applications in First Week
Brooklyn co-living is in demand. Common, the new pseudo-commune-with-a-capitalist-twist, received more than 150 applications for 19 spots in its future Crown Heights building, it tweeted Tuesday.
That’s more than 150 people eager to pay $1,000 to 2,000 for their own bedroom, shared common areas, utilities, management fees, WiFi, cleaning service, and an unending supply of coffee, tea and toilet paper.
Would you want to co-live in Crown Heights?
Co-living Startup Moving Into Brooklyn Brownstones After Raising $7.35 Million
Co-living is having a moment. Common, the co-living startup founded by General Assembly cofounder Brad Hargreaves announced this morning that they raised $7,350,000 in Series A funding for operating costs and business growth.
While shared living arrangements are not new, a successful business model hasn’t yet emerged. Campus, a once-burgeoning co-living company with 30 locations across the country (including one in Park Slope), announced in June that it would close its doors. “[W]e were unable to make Campus into an economically viable business,” says a statement on their website.
But Common’s model is different. The company will cleverly use investor assets — Brooklyn brownstones — through a sharing model.