S.F. co-living startup Starcity sold to N.Y. firm after pandemic struggles
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Starcity, the San Francsico coliving startup that offered tech-centric living spaces, like this one at 1856 McAllister, has been sold to a firm in New York.Santiago Mejia/The ChronicleShow MoreShow Less
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An artist’s rendering of a 270-unit building planned for Minna and Fifth Streets in the SoMa area of San Francisco. The developer, Starcity, will be selling the property.Starcity/Show MoreShow Less
Starcity, the San Francisco startup that helped pioneer a model of tech-centric, urban co-living but struggled to execute its ambitious development plans during the pandemic, is being acquired by Common, a rival New York-based firm.
New York-based co-living firm Common is taking over management at the majority of rival co-living firm Starcity's portfolio for an undisclosed price, further consolidating the industry roughly six months after Starcity announced it was acquiring the co-living firm Ollie.
Common announced…
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Common takes over Starcity’s co-living portfolio
Winners and losers emerge in post-pandemic
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Common’s CEO Brad Hargreaves (right) and Starcity’s co-founder and CEO Jon Dishotsky (Photos via iStock, General Assembly)
Consolidation of the co-living market is accelerating.
Common, among the fastest-growing co-living landlords, has reached an agreement with its former rival Starcity to take over management of the bulk of Starcity’s portfolio about 7,500 units including both operating and pipeline units around the globe, Common confirmed with