Common Frankford rendering/ Image courtesy: CANNOdesign
NEW YORK CITY—The shared economy wants to come to your living room. The New York City-based co-living company Common is expanding to Philadelphia, Atlanta, San Diego and Pittsburg in the next three years. Common is planning to spend more than $300 million in building ground-up developments in those four cities. Co-living offers a bit more privacy but shares some of the same concepts of dormitory living. It's focused on adults interested in creating a residential community with affordable rents.
Residents are members who rent furnished rooms. The housing provides cleaning services for shared spaces, community events, shared supplies and focuses on online technology in operations.
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Betsy Kim
Betsy Kim was the bureau chief, East Coast, and New York City reporter for Real Estate Forum and GlobeSt.com. As a lawyer and journalist, Betsy has worked as the director of editorial and content for LexisNexis Lawyers.com, a TV/multi-media journalist for NBC and CBS affiliated TV stations in the Midwest, and an associate producer at Court TV.
