Cohabs Opens First DC Co-Living Space Amidst Industry Resurgence

  • 📰 washingtonian
  • ⏱ Reading Time:
  • 73 sec. here
  • 10 min. at publisher
  • 📊 Quality Score:
  • News: 56%
  • Publisher: 68%

Real Estate समाचार

Business,Technology,Co-Living

Cohabs, a Belgian co-living company, has launched its first DC location, showcasing a unique communal living experience in a historic rowhouse. This move comes as the co-living industry rebounds after setbacks experienced by previous ventures like WeLive and Common. Cohabs, founded in 2016, boasts a strong European presence and is now expanding its footprint in the US with a targeted investment in the DC market.

On a recent afternoon in late November, the thrum of power tools echoed from two adjoining rowhouses near U Street and Meridian Hill Park. From the street, the brick buildings, both constructed by Harry Wardman more than a century ago, appeared to be in the midst of a condo conversion—a flip by a local developer, maybe. Inside, however, Lucy D’Alençon and Dan Clark of Cohabs, a Belgian company, told a different story.

As workers tackled a punch list of final details—trim, outlets, decking—D’Alençon and Clark gave a tour of the unconventional layout: the shared kitchens, the pods of bedrooms, the co-working space, the two-tiered communal sofa lined with throw pillows. “The idea is really a home away from home,” said D’Alençon about the project: Not a condo conversion, but the first co-living space in DC by Cohabs. Co-living has a long—and occasionally checkered—history in the District. Nearly a decade ago, starts-ups such as Common and WeLive, an offshoot of WeWork, entered the market with an intriguing sales pitch: For young professionals, co-living could be a natural extension of collegiate-style living, with private bedrooms and shared amenities. No need to furnish your own apartment or live alone: Co-living promised instant community—a chance to network with a like-minded and upwardly mobile crowd. WeLive, of course, folded in 2021, and Common declared bankruptcy earlier this year. But Cohabs, founded in 2016, is doubling down. The company, which owns dozens of properties in Europe—including London, Madrid, Brussels, Paris, and Milan—and more recently expanded into New York City, has now embarked on a buying spree in DC, closing on six properties in Columbia Heights, Capitol Hill, Bloomingdale, LeDroit Park, Logan Circle, and Mount Vernon Square. The total outlay: about $12 million, with another $12 million slated for renovation

हमने इस समाचार को संक्षेप में प्रस्तुत किया है ताकि आप इसे तुरंत पढ़ सकें। यदि आप समाचार में रुचि रखते हैं, तो आप पूरा पाठ यहां पढ़ सकते हैं। और पढो:

 /  🏆 74. in İN
 

आपकी टिप्पणी के लिए धन्यवाद। आपकी टिप्पणी समीक्षा के बाद प्रकाशित की जाएगी।

इंडिया ताज़ा खबर, इंडिया मुख्य बातें

Similar News:आप इससे मिलती-जुलती खबरें भी पढ़ सकते हैं जिन्हें हमने अन्य समाचार स्रोतों से एकत्र किया है।

Cohabs Brings Co-Living to DC, Doubling Down Despite Industry ChallengesCohabs, a Belgian co-living company, opens its first DC location in a renovated rowhouse near U Street, highlighting the growing trend of shared living spaces. This move comes despite past failures of similar ventures like WeLive and Common, demonstrating Cohabs' confidence in the market. The company plans to invest heavily in DC, acquiring six properties and investing $12 million in renovations.
स्रोत: washingtonian - 🏆 74. / 68 और पढो »