This $16B start-up just launched a communal living endeavor on Wall Street
Open-floor style office spaces with community amenities, like lounges and seating areas, are becoming more and more popular in today's corporate world. People want to feel like their 9 to 5 is less of a job where they're chained to a desk, and more of a place with flexibility and excitement.
WeWork, a start-up company now valued at $16B, is a pioneer in perfecting this model of community-style office spaces. The company operates by charging start-ups and small companies a monthly fee to rent a designated area of a larger, community office space. The result is innovation, motivation and anything but boring.
And now, WeWork co-founders Adam Neumann and Miguel McKelvey are expanding that model to quite an intimate and unexpected place: the home, through a new endeavor called WeLive.
McKelvey spoke to Vanity Fair about his passion for community and creative collaboration to fit seamlessly in to a living model:
"What we're trying to do is link a group of people who share a like-minded spirit. It's less so a club with certain parameters or limits, it's more so trying to bring people together who feel a value in this connection."
WeLive's first building is currently set up at 110 Wall Street in NYC, with the beta-testing period ending April 4, 2016, when the building officially opens for business.
Starting at $1,375 a month for the smallest space with the least privacy (private units begin at $2,000), the price to live in a WeLive isn't cheap, but with good reason.
Rooms come with Bose speakers and Harry's shave kits, Refrigerators are stocked with fully equipped kitchens, and there is a full-bar lounge and game room.
The WeLive model takes the hassle out of moving somewhere new. There's no need to stress about furnishing or decorating; it's already done for you.
The housing will also offer yoga and barre fitness classes, as well as communal meals.
Amenities are new, simple and most importantly, borderline luxurious. In fact, it's the ideal situation for a lazy millennial: Paying less than average to live in an expensive city while not having to furnish or decorate the new place themselves, but still having everything look and feel upscale.
For this reason and many more, McKelvey is confident in this model:
"I don't think we had one investor who wasn't excited about the potential. Every one of them believes in it and every one of them believes it's gonna be big."
We're excited to see if he's right.
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