flexiblefullpage -
billboard - default
interstitial1 - interstitial
catfish1 - bottom
Currently Reading

The Collective Paper Factory is the co-living company’s first U.S. location

Multifamily Housing

The Collective Paper Factory is the co-living company’s first U.S. location

The building offers a stay model ranging from one night to 29 days.


By David Malone, Associate Editor | November 5, 2019

All photos courtesy The collective

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.

 

Paper Factory interior

 

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

Multifamily Housing | Mar 4, 2024

Single-family rentals continue to grow in BTR communities

Single-family rentals are continuing to grow in built-to-rent communities. Both rent and occupancy growth have been strong in recent months while remaining a financially viable option for renters.

MFPRO+ News | Mar 2, 2024

Job gains boost Yardi Matrix National Rent Forecast for 2024

Multifamily asking rents broke the five-month streak of sequential average declines in January, rising 0.07 percent, shows a new special report from Yardi Matrix.

MFPRO+ News | Mar 1, 2024

Housing affordability, speed of construction are top of mind for multifamily architecture and construction firms

The 2023 Multifamily Giants get creative to solve the affordability crisis, while helping their developer clients build faster and more economically. 

Multifamily Housing | Feb 29, 2024

Manny Gonzalez, FAIA, inducted into Best in American Living Awards Hall of Fame

Manny Gonzalez, FAIA, has been inducted into the BALA Hall of Fame.

MFPRO+ Research | Feb 28, 2024

New download: BD+C's 2023 Multifamily Amenities report

New research from Building Design+Construction and Multifamily Pro+ highlights the 127 top amenities that developers, property owners, architects, contractors, and builders are providing in today’s apartment, condominium, student housing, and senior living communities.

MFPRO+ Research | Feb 27, 2024

Most competitive rental markets of early 2024

The U.S. rental market in early 2024 is moderately competitive, with apartments taking an average of 41 days to find tenants, according to the latest RentCafe Market Competitivity Report.

Designers | Feb 23, 2024

Coverings releases top 2024 tile trends

In celebration of National Tile Day, Coverings, North America's leading tile and stone exhibition, has announced the top 10 tile trends for 2024.

MFPRO+ Special Reports | Feb 22, 2024

Crystal Lagoons: A deep dive into real estate's most extreme guest amenity

These year-round, manmade, crystal clear blue lagoons offer a groundbreaking technology with immense potential to redefine the concept of water amenities. However, navigating regulatory challenges and ensuring long-term sustainability are crucial to success with Crystal Lagoons.

Building Tech | Feb 20, 2024

Construction method featuring LEGO-like bricks wins global innovation award

A new construction method featuring LEGO-like bricks made from a renewable composite material took first place for building innovations at the 2024 JEC Composites Innovation Awards in Paris, France.

Student Housing | Feb 19, 2024

UC Law San Francisco’s newest building provides student housing at below-market rental rates

Located in San Francisco’s Tenderloin and Civic Center neighborhoods, UC Law SF’s newest building helps address the city’s housing crisis by providing student housing at below-market rental rates. The $282 million, 365,000-sf facility at 198 McAllister Street enables students to live on campus while also helping to regenerate the neighborhood.

boombox1 - default
boombox2 -
native1 -

More In Category




halfpage1 -

Most Popular Content

  1. 2021 Giants 400 Report
  2. Top 150 Architecture Firms for 2019
  3. 13 projects that represent the future of affordable housing
  4. Sagrada Familia completion date pushed back due to coronavirus
  5. Top 160 Architecture Firms 2021