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Trend Coliving: a new type of luxury hostel

The generation of “millenniums” or people born at the turn of the millennium, all their lives, or most of them, have to live in rented accommodation – this discovery was made for themselves by European and American architects. Unable to acquire housing ownership at prices skyrocketing, young people are literally “squeezed out” from large cities or are forced to live in semi-marginal conditions. Especially when it comes to metropolitan areas such as London or New York. Moreover, as developers have found out, the needs of such young people are rather unassuming, and the level of income cannot be called low. Most of these people are fully solvent and dream of only a small clean living room, a kitchen, as well as access to high-speed Internet via Wi-Fi.

In May 2016, a huge residential complex, operating on the principle of a modern hostel called Old Oak, opened in London. Despite the name, which translates as “Old Oak”, the target audience of the project of The Collective, it was just the generation of “millennium” age from 21 to 35 years. The 11-storey building was equipped with 930 sq. M. meters of living space, including 550 furnished bedrooms. The average area of ​​the rooms was 18 squares. Kitchen, it was decided to make public – they opened a few on each floor.

What is the “Old Oak” is different from the usual hostel? First, its creators paid tribute to the lifestyle of modern youth. In particular, a co-working space with 400 places was created in the complex. In addition, the hostel has fitness rooms, a spa, roof terraces and cinema halls. The creators of Old Oak decided to relieve the tenants of a headache with receipts for utilities, taxes, and more. All this, as well as the work of the concierge, security, room cleaning, linen change and Wi-Fi use are included in the rent.

The cost of living in Old Oak varies from £ 225 to £ 401 per week. That is, the monthly rent is more than £ 1.4 thousand. Another feature is, of course, the atmosphere of the hostel itself. Unlike the past projects of The Collective, “Old Oak” was not repaired, but created from scratch and according to the highest standard.

The trend of “coliving” or living together on a rented area today is gaining increasing popularity. For example, such luxury hostels no longer surprise the residents of New York. In early 2016, something similar opened in one of the office buildings on Wall Street. The hostel with furnished bedrooms, kitchens and lounges is called WeLive. The rent for living in it was $ 1.3 thousand per month. The second complex WeLive is scheduled to open at the end of 2016 in the US capital Washington. Another New York hostel is located in Brooklyn – here the rent is much higher – from $ 1.6 thousand to $ 4 thousand per month.

Examples of new generation hostels can also be found in Finland, in one of the cities of the country called Kuopio. Unlike the examples described, students living there may not care about utilities and electricity bills. The house independently produces energy through geothermal heating systems and solar panels. Of course, the Finnish hostel is equipped with a steam and infrared sauna and a gym.

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