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Coliving Isn’t Just For Startups: A Giant Developer Is Building Upscale Dorms For Adults

  Developer PMG is building 3,500 units in Chicago, Brooklyn, and Miami, featuring smaller living spaces and more shared space.

If you live in a new apartment building in Chicago, you might be more likely to spend a typical night downstairs at a mixology or bike repair class–or sitting with neighbors by a fire pit, watching your dogs run around the building’s dog park–than in your apartment watching Netflix.

“I would say it’s the most social building I’ve ever seen,” Daniel Ellch, a tenant, tells Fast Company. That’s by design: The developer, Property Markets Group or PMG, is entering the coliving market, offering slightly smaller private spaces and prioritizing common areas built to foster interaction. It’s the path followed by WeLive, Ollie, Common, and other startups, but, as a large developer, PMG is going bigger, with 3,500 units planned in the next five years, built and operated by a new branch of the company called PMGx.

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