- WeWork, the $20 billion co-working startup, recently expanded into co-living with its dorm-like WeLive apartments that offer communal facilities and daily activities.
- Reviews have been mixed, so we decide to test out WeLive Wall Street for ourselves.
- We had a mostly pleasant experience but felt the rent was high. Many WeLivers said the price was a good "value" when you factor in amenities, activities, and the community.
The sharing economy keeps getting cozier.
Co-working powerhouse WeWork — which grew into a $20 billion startup by leasing chic, millennial-friendly office space to start-ups and Fortune 500 companies alike — is betting that you'll be willing to share more than just your workspace with strangers.
Last year, WeWork expanded its co-working concept into co-living with WeLive. The dorm-like apartments are supplemented by communal facilities like a grand kitchen, media room, and terrace complete with a hot tub and activities like daily happy hours, comedy nights, and yoga classes.
Some have raved about the building's amenities and sense of community, while others described the building to Bloomberg as a poorly-run "dorm for adults."
Leaked investor presentations indicated the company planned to open 14 WeLives by the end of 2016, with the buildings projected to generate 21% of the company's revenue by 2018. But, as of the end of 2017, locations in Wall Street and Crystal City, Washington D.C. are the only ones open.
We recently spent a couple nights at WeLive Wall Street to see what it's like to live in the building.
WeLive Wall Street is located near the East River. If it looks like a big office building, that's because it once was.
After flooding from Hurricane Sandy badly damaged the building, WeWork took over and converted the first six floors to office space, and the other 21 floors to apartments.
At the front desk, WeWork's Nathan de Paz checked us in. De Paz said he had moved to WeLive Wall Street from Houston in May.
He said he had been worried about moving to New York by himself, but that being involved in the WeLive community had made the transition easier.
If you've ever been to a Wall Street office building, this will be familiar. Still, it feels odd to be swiping in to use an elevator in an apartment building.
See the rest of the story at Business Insider
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