Sharing community resources will not only strengthen the relationship between residents in the neighborhood, but it will also contribute to accessibility and sustainability.
The project is headed by IKEA's Innovation Lab — Space10, and architecture studio EFFEKT. It will make it possible for residents to buy "shares" of community real estate on a month-to-month basis. As their ownership is "progressively increasing," individuals will have "the potential to cash [...] in at a later date."
The Space10 and EFFEKT work together to diversify the 'Urban Village Project' by making the space useable for multiple generations and the dynamic more tightly knit through policies that encourage individuals to have the mentality for sharing community resources. What this entails is that there will be a degree of social cohesion when it comes to "daycare and transport, local water harvesting, communal dining, and urban farming initiatives."
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