"Brownstone Shared Housing, a Bay-Area based sleeping pod startup, recently bought a six-level building in downtown San Francisco with the intention of housing up to 400 pods. The deal, first reported by the San Francisco Chronicle, represents a huge expansion for the company, which is currently operating about two dozen sleeping pods at a much smaller location in the city. The company, which transforms commercial office space into residential space, charges $700 a month for the pods."
"Each pod contains a twin-size bed and can be stacked on top of one another, in a similar vein to Japan's sleep capsule hotels. Tenants of Brownstone buildings also have access to a shared kitchen, bathroom and workspace. The pod's price tag is in stark contrast to the $3,065 median rent for an apartment in San Francisco, and has become appealing to those seeking cheap accommodation."
Brownstone Shared Housing purchased a six-level downtown San Francisco building to house up to 400 sleeping pods while continuing operations at its smaller 12 Mint Plaza site. Each pod contains a twin-size bed and can be stacked, and tenants have access to a shared kitchen, bathroom and workspace. The company charges $700 a month per pod, offering a low-cost alternative to the $3,065 median apartment rent in San Francisco. The company previously faced and settled an eviction lawsuit over unpaid rent attributed to mailed-notice miscommunication. The expansion response included hundreds of rental applications and strong demand for temporary, inexpensive housing.
Read at www.theguardian.com
Unable to calculate read time
Collection
[
|
...
]