Monday, October 29, 2018

750 unit "co-living" project proposed Downtown

You may have heard of co-working, which is multiple companies and entrepreneurs sharing a collective space... but how about co-living? It is exactly what you think it is, dorm rooms for adults.

With rents hitting astronomical levels, we need to start providing some creative options so that more people can afford to live in San Jose. Co-living can triple the number of people that can live in an acre, while proving far more affordable rents.

Starcity wants to build a 750-unit building near Diridon at 199 Bassett Street. The 0.77 acre site would feature a building as tall as 18-stories with private rooms and shared spaces such as living rooms and kitchens. Residents do typically have their own micro-kitchen and restroom.

It's an innovative approach that could help us ramp up supply quickly and drive housing prices and rents down, or at least maintain them where they are today.

Source: SVBJ

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