We’re making progress on the Michigan Coliving project, which brings to life a concept that’s been near and dear to us since we first met the team from OpenDoor several years ago: creating communal spaces and shared resources in order to lower the per-unit cost and create a better living experience for everyone involved.
The Michigan project incorporates an existing home into a brand-new coliving development in the Boise neighborhood of Portland. Overall, we believe this kind of offering is a great alternative to traditional studios and one-bedroom apartments for the neighborhood and the city as a whole, as it will offer attractive units at below-market rent rates while providing those who live there with a community space that is utilized and activated to the fullest degree possible.
We’ll be showing the progress we’re making on the Michigan project – from laying the groundwork to the finished project – on Instagram, so take a look there to see how it’s coming along.
Interested in co-living in the Michigan property? Learn more here.