Co-living company Quarters announces location in Brooklyn

January 15, 2020

European co-living company, Quarters, is opening a space in Brooklyn to join its other US locations.

Founded in Germany in 2012 by a pair of serial entrepreneurs, who famously got their start in business by selling sausages online, the brand, geared toward traveling professionals, will soon have 3,000 beds across the United States and Europe.

Quarters already established itself in New York City, with 111 beds in sites at 324 Grand St. in Manhattan’s Lower East Side and 629 E. Fifth St. in the East Village, and 84 being built at 1190 Fulton St. in Bedford-Stuyvesant, Brooklyn. Recently, however, it announced another 160 beds for a 50,000-square-foot site comprising two buildings at 186 N. Sixth and 165 N. Fifth streets in North Williamsburg, and 46 at 251 Dekalb Ave. in Fort Greene.

“We’re thrilled to continue growing our U.S. footprint in New York City,” Quarters CEO Gunther Schmidt said in a statement. “New York, particularly Brooklyn, draws young tech and creative entrepreneurs with its vibrant community culture. At Quarters, we provide that same culture through a mix of amenities and programming in deluxe living accommodations at a more affordable price than market rate.” 

The North Williamsburg location, being developed by David Dweck of Duke Equities, will feature an array of amenities, including a 5,000-square-foot landscaped roof deck with views of Manhattan and Brooklyn, a lower-level recreational room and entertainment area, office and social spaces, a library and a gym. The Fort Greene building will be outfitted with an outdoor patio and courtyard.

Read more here

Property Portal Watch Bangkok Conference 2020, Feb 26-27

January 15, 2020

Subscribe to our mailing list to get the famous, free Friday newsletter!

News and analysis to help build better online marketplace businesses, in your inbox, every Friday

Related News

idealista apartments barcelona
Idealista Acquires Certificate Management Specialist Certicalia

Real estate marketplace Idealista has acquired 100% of Certicalia, a Spanish platform for real estate-related certifications and administrative documentation. The...

Read More
costar domain 1
Supreme Court Approves Shareholder Vote for CoStar Group's Domain Acquisition Bid

New South Wales' Supreme Court has approved a shareholder vote for Domain to decide on CoStar's proposed acquisition of the...

Read More
Product Update June27 2
Product Roundup: Redfin, LeBonCoin, CaixaBank, Coralytics, Yandex, Zoopla

This week's roundup is very Europe-heavy, but we'll start in the United States with Redfin...   United States: Redfin integrates Thumbtack...

Read More
olx app op 1 3
OLX Signals Shift of Strategy Towards B2C at Capital Markets Day

OLX Group is pushing forward with a significant pivot from its traditional C2C classifieds model to a more scalable, B2C-led...

Read More

Editor's Pick