NEW YORK--(BUSINESS WIRE)--Please replace the release dated July 9, 2018, with the following corrected version due to multiple revisions.
The corrected release reads:
COMMON OPENS IN SEATTLE, EXPANDING NATIONAL FOOTPRINT
Continuing Rapid Growth, Common to Bring its Signature Coliving Community to Fifth National Market with Anew Apartments
Common, the nationwide leader in coliving dedicated to managing homes offering convenience and community, today announced its expansion into Seattle with two new homes in partnership with developer Anew Apartments. 112-room Common Terry in First Hill and 49-room Common Summit in Capitol Hill will mark the company’s fifth market expansion in the US, in addition to New York, the San Francisco Bay Area, Chicago and Washington D.C.
Located in two Seattle neighborhoods known for great local retail, dining, walkability, and transit, each home features private rooms each with their own bathroom and kitchenette situated around fully-furnished shared lounges and large, shared kitchens on each floor where members will come together for events and entertaining. Both homes also include bike storage, laundry facilities on each floor, and a digital doorman, while Terry features an outdoor barbeque area and Summit offers balconies with some units. Terry is a National Green Building Standard (NGBS) Silver-level building, meeting the organization’s high standards for sustainability through features including high efficiency LED lighting. Summit includes a photovoltaic solar power array on the building’s rooftop.
“Seattle has long been on our radar for expansion,” said Brad Hargreaves, founder and CEO of Common. “We’ve found the perfect developing partners in the Anew team. Lauren Padden, Brad Padden, Sara Sharkey, and Dave Sharkey all share our commitment to creating quality housing that fosters a true community. These two buildings were already well-designed for coliving, and we look forward to bringing our unique offering to the city.”
Common is applying its signature brand of coliving to existing projects developed by Anew, which combine the character of heritage apartment buildings with the needs of modern, in-city housing. Common will assume property management of the already-open Common Summit, and has begun leasing Common Terry.
“Our renovation and adaptive reuse projects have been extremely well-received by the Seattle rental market, and each one moves the needle toward a more equitable and resilient city. We have been extremely careful in selecting a management team that can deliver the high-touch and high-quality that we expect for our residents,” said Brad Padden, co-founder of Anew Apartments. “We have found that partner in Common. We know that Common shares our vision and this shared vision will be reflected in the communities that call our buildings home. Working together will allow Anew to expand its footprint in developing additional transformative projects as we continue to create positive change in our great city of Seattle.”
Members of the Seattle homes will enjoy the same quality and engagement they’ve come to expect from living at Common, while opting for a setting with more private space and greater flexibility. Amenities at both homes include weekly cleanings of shared spaces, high-speed wifi, Common-led community events and the ability to transfer between Common homes. Prices for both homes begin in the $1200s for a 12-month stay. For more information on Common’s Seattle homes, please visit www.common.com/seattle.
Common designs, creates, and operates coliving homes, bringing community, convenience and flexibility to housing. Common members know their neighbors, have more free time and the opportunity to transfer to any Common home across the country. Since launching in October 2015, Common receives more than 1,000 applications per week for membership and has opened nearly 20 homes across New York, San Francisco, Chicago and Washington D.C. Common partners with real estate owners as a flag and operator. By doing this, Common is addressing the fundamental supply and demand issues that underlie housing in major cities today. For more information, please visit www.common.com and follow us on Instagram at @hi.common.