The Collective, a company focused on creating co-living spaces, has recently opened its first U.S. location in New York: The Collective Paper Factory. The 100-year-old building that was once a paper good manufactory and before that a radio factory, will now house the company’s 125-room co-living location that will offer a stay model ranging from one night to 29 days. The goal is to combine private space with shared amenities to create unique experiences among renters.
Located in Long Island City in Queens, N.Y., The Collective Paper Factory is the company’s third purpose-designed space. It will include cultural programming designed to educate and engage members and the community alike about the future of co-living. A local artist residency program will also be launched in the spring.
The location will also feature ama, a restaurant set to open on the building’s ground floor in December. Open for breakfast, lunch, dinner, and brunch, the restaurant will serve comfort foods with global influences. The dining space retains the building’s original industrial aesthetics such as a spiral staircase and connects to The Courtyard, a seasonal outdoor space with a signature beverage program. In 2021, The Collective plans to expand Paper Factory with another 100+ purpose-designed co-living units built on top of the existing structure.
See Also: Co-living: The next real estate disruptor or niche market?
Nightly rates at Paper Factory start from $135, two week stays from $1,250, and 29-day stays from $2,300. These prices include WiFi, professional cleaning, linen change, and utilities. Paper Factory joins The Collective’s portfolio of offerings, which includes Old Oak and Canary Wharf, both in London, and is the first location for short-stay only.
Related Stories
Sponsored | MFPRO+ Blog | Oct 26, 2023
Unlock New Potential—Can Multifamily Pop-Up Hotel Concepts Transform Lease-Ups?
Dive into the new trend of multifamily pop-up hotels! Learn how they're changing the game in lease-ups, creating vibrant communities, and offering property managers a lucrative new revenue stream. Join the conversation on the future of multifamily living spaces.
Giants 400 | Oct 23, 2023
Top 115 Multifamily Construction Firms for 2023
Clark Group, Suffolk Construction, Summit Contracting Group, Whiting-Turner Contracting, and McShane Companies top the ranking of the nation's largest multifamily housing sector contractors and construction management (CM) firms for 2023, as reported in Building Design+Construction's 2023 Giants 400 Report. Note: This ranking factors revenue for all multifamily buildings work, including apartments, condominiums, student housing facilities, and senior living facilities.
Giants 400 | Oct 23, 2023
Top 75 Multifamily Engineering Firms for 2023
Kimley-Horn, WSP, Tetra Tech, Olsson, and Langan head the ranking of the nation's largest multifamily housing sector engineering and engineering/architecture (EA) firms for 2023, as reported in Building Design+Construction's 2023 Giants 400 Report. Note: This ranking factors revenue for all multifamily buildings work, including apartments, condominiums, student housing facilities, and senior living facilities.
Giants 400 | Oct 23, 2023
Top 190 Multifamily Architecture Firms for 2023
Humphreys and Partners, Gensler, Solomon Cordwell Buenz, Niles Bolton Associates, and AO top the ranking of the nation's largest multifamily housing sector architecture and architecture/engineering (AE) firms for 2023, as reported in Building Design+Construction's 2023 Giants 400 Report. Note: This ranking factors revenue for all multifamily buildings work, including apartments, condominiums, student housing facilities, and senior living facilities.
Senior Living Design | Oct 19, 2023
Senior living construction poised for steady recovery
Senior housing demand, as measured by the change in occupied units, continued to outpace new supply in the third quarter, according to NIC MAP Vision. It was the ninth consecutive quarter of growth with a net absorption gain. On the supply side, construction starts continued to be limited compared with pre-pandemic levels.
MFPRO+ News | Oct 6, 2023
Announcing MultifamilyPro+
BD+C has served the multifamily design and construction sector for more than 60 years, and now we're introducing a central hub within BDCnetwork.com for all things multifamily.
Sponsored | Multifamily Housing | Sep 29, 2023
Win-Win Scenarios for Residents and Property Managers
Discover how proptech is opening open new paths to revenue for owners and property managers, while bringing desirable amenities and conveniences for renters. Check out my thoughts on profitable, resident-centric proptech.
Products and Materials | Sep 29, 2023
Top building products for September 2023
BD+C Editors break down 15 of the top building products this month, from smart light switches to glass wall systems.
Multifamily Housing | Sep 26, 2023
Midwest metros see greatest rent increase in September 2023
While the median monthly price of rent has increased by 0.71% in August, the year-over-year estimates show a national change of -0.06 percent.
Affordable Housing | Sep 25, 2023
3 affordable housing projects that serve as social catalysts
Trish Donnally, Associate Principal, Perkins Eastman, shares insights from three transformative affordable housing projects.