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Construction work on the U,K.’s first purpose-built co-living scheme will begin in Manchester in May 2019 by IQ Student Accommodation at Echo Street, Granby R
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Mission Capital Advisors' Debt and Equity Finance Group arranged the loan for the co-living company for the property at 229 Ellis St. in San Francisco.
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The Bay Area's largest city could see thousands of co-living units coming, starting with the sector's largest project ever if it opened today.
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Deal with bank will be repeated at future schemes.
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Housing experts say the key to meeting the affordable housing crisis is by building microunits and co-living projects and using modular construction.
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Occupancy was down, but not as much as you might have expected
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Despite being first to market and a sluggish start, operators of Uniti Montrose say they are on the leading edge of a shared living trend in the city.
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Birmingham needs a more diverse supply of new homes on different tenures.
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Ditto Residential has completed OSLOadmo, an eight-unit co-living building near Adams Morgan and is planning a similar project in Northeast D.C.
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With eight locations, L.A.-based Upstart is raising more money to expand, highlighting the growth of co-living.
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