Starcity
Starcity is an American company that builds cohousing microapartments in which tenants pay for a private room with shared kitchens, bathrooms and other shared spaces, a "model reminiscent of college dorms and single-room-occupancy hotels.[1] It is creating "communal housing for middle-income people who don't qualify for government subsidies but still can't afford San Francisco's sky-high prices.[2]
The company was founded as a startup in 2016. [3] It plans to build apartments in San Francisco and San Jose. Starcity purchases old hotels, retail facilities, and parking garages and converts them into housing.[4] Starcity renters pay $1,500 to $2,000 per month for a furnished bedroom that measures from 180 to 220 square feet, with from 10 to 20 tenants sharing a kitchen and living room. An additional $300 fee is paid to use furnished communal spaces and for cleaning.
The Mission building has weekly potlucks and wine meetups, a small lounge area outside, and in-unit washers and dryers for tenants. [5] The Mission location was a converted residential hotel named The Yug; three remaining residents from the old hotel are staying in the renovated building at their old rental rates.[6] The rent at the Mission building is $2,000 per month; in comparison, a typical one-bedroom apartment in this area rents for $3,200 per month.[7]
The CEO of Starcity is Jon Dishotsky. The company raised $20.3 million from venture capital firms. [8] Other co-living companies include Common and Wework's Welive.
References[edit]
- ↑ Li, Roland (17 October 2018). "Co-living startup Starcity plans over 1,000 tiny apartments in SF, San Jose". www.sfchronicle.com. San Francisco Chronicle. Retrieved 28 December 2018.
- ↑ Cakebread, Caroline (1 December 2017). "A startup is turning old hotels into dorm-like housing for San Francisco's forgotten middle class — here's what it's like inside". www.businessinsider.com. Business Insider. Retrieved 28 December 2018.
- ↑ Li, Roland (17 October 2018). "Co-living startup Starcity plans over 1,000 tiny apartments in SF, San Jose". www.sfchronicle.com. San Francisco Chronicle. Retrieved 28 December 2018.
- ↑ Cakebread, Caroline (1 December 2017). "A startup is turning old hotels into dorm-like housing for San Francisco's forgotten middle class — here's what it's like inside". www.businessinsider.com. Business Insider. Retrieved 28 December 2018.
- ↑ Cakebread, Caroline (1 December 2017). "A startup is turning old hotels into dorm-like housing for San Francisco's forgotten middle class — here's what it's like inside". www.businessinsider.com. Business Insider. Retrieved 28 December 2018.
- ↑ Cakebread, Caroline (1 December 2017). "A startup is turning old hotels into dorm-like housing for San Francisco's forgotten middle class — here's what it's like inside". www.businessinsider.com. Business Insider. Retrieved 28 December 2018.
- ↑ Cakebread, Caroline (1 December 2017). "A startup is turning old hotels into dorm-like housing for San Francisco's forgotten middle class — here's what it's like inside". www.businessinsider.com. Business Insider. Retrieved 28 December 2018.
- ↑ Li, Roland (17 October 2018). "Co-living startup Starcity plans over 1,000 tiny apartments in SF, San Jose". www.sfchronicle.com. San Francisco Chronicle. Retrieved 28 December 2018.
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