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.
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