This new Crown Heights building, developed by American housing company Common, offers a fresh new take on the age-old concept of shared accommodation. This buildings aims to offer highly convenient, affordable and modern housing for the dynamic 21st century urban dweller.
The building includes shared dining spaces and community rooms as well as communal social spaces. Residents have to share the kitchens, but all kitchenware is provided.
One of the most noteworthy aspects of the Crown Heights building is the inclusion of various high-tech amenities. A SmartThings hub allows residents to control home automation appliances, while Nest thermostats are used to learn residents' lifestyle rhythms and adjust temperature accordingly.
Ultimately, the Crown Heights development aims to make flexible housing solutions available at a time when most big cities are suffering from housing crises.
Key Themes Behind This Trend
- Shared Accommodation
- The trend of sharing living spaces is disrupting the traditional rental market by offering convenient and affordable housing options for urban dwellers.
- Smart Home Technology
- The integration of smart home devices and automation systems in housing developments presents disruptive innovation opportunities to enhance residents' living experiences.
- Flexible Housing Solutions
- The demand for flexible housing solutions is driving innovation in the real estate industry, providing alternative options to address housing crises in big cities.
Where This Applies
- Real Estate
- The real estate industry can capitalize on the shared accommodation trend and develop innovative housing solutions that meet the needs of urban dwellers.
- Home Automation
- The home automation industry can leverage the increasing demand for smart home technology in housing developments to create advanced and integrated systems.
- Proptech
- The PropTech industry has the opportunity to disrupt the traditional rental market by providing flexible housing solutions that cater to the changing needs and preferences of urban residents.
