Oaktree Development-Owned Building To Be Site Of DC's First Common Co-living Space
After NY-based co-living provider Common last month announced it would open its first DC location in Shaw, but did not give an exact address, it appears the location is technically in Truxton Circle.
The co-living space is going in an Oaktree Development-owned building on Richardson Place NW, above, a small dead end street off 4th Street NW just south of the Florida Ave/Rhode Island Ave intersection, Washington City Paper reports.
The location, dubbed Richardson, is just a short walk from the Millennial-filled Shaw neighborhood. It is, however, on a quieter street with older residents who expressed concerns to the paper about the 24-unit multifamily building with short-term leases opening next door.
Oaktree is converting the existing structure into a 10,700 SF building with 24 bedrooms between 120 and 140 SF. Common sells 12 month memberships starting at $1,700 a month but also offers three- and six-month options. The first tenants are expected to move in next month. [WCP]
