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Prominent co-living developer enters Atlanta market, plans to bring 600 beds

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Rents would likely be in the ballpark of $1,000 or less

A sleek, white painted studio space with small kitchenette.
A studio space with kitchenette at Auburn Avenue’s Awethu House, a rare example of existing Atlanta co-living.
The Guild ATL

Hundreds of affordable co-living units could be bound for Atlanta.

Co-living communities, sometimes referred to as communes, tend to feature small residential dwellings married with extensive shared amenities, such as communal kitchens and hangouts.

In Atlanta, the co-living stock is limited, but Auburn Avenue’s Awethu House comes to mind, offering rents of $1,200 and lower.

Now, if nationally recognized co-living developer Common has its way, 600 beds marketed toward millennials are headed for Atlanta.

Common on Tuesday announced it would be expanding to four U.S. cities by way of a $300 million investment.

Another view of an Awethu unit.
The Guild ATL

Details for the $75 million Atlanta component remain scant. Unlike, say, Philadelphia’s 1,000-unit Common plans, which are expected to partially materialize in 2020 at the Common Franklord, where rents will be less than $1,000.

Common representatives told Curbed Atlanta that the 600 beds would be spread out across “multiple large developments” in neighborhoods such as West End, West Midtown, Reynoldstown, Grant Park, and Chosewood Park.

Asked what Common is looking for in a project site, a spokesperson said “multifamily developments in areas where the Atlanta workforce is being priced out of rental options and Common can provide an affordable alternative.”

“For generations, Atlanta’s growth has been focused on sprawl, but more and more as companies open headquarters here and job growth increases, people want to live in our vibrant city center,” said Derrick Barker, principal of Domos, a joint venture between Civitas Communities and Real Estate Asset Partners formed to create mid-rise co-living communities in urban areas, according to a press release.

“Common’s approach to co-living will reinvigorate our housing stock, bringing beautiful new homes and the all-inclusive approach to living that Atlanta’s growing population needs,” he continued.

Specific Atlanta projects are scheduled to be announced later this year.

This story was updated on April 3, 2019 at 11:15 a.m. to include Common’s responses to Curbed’s questions.