Fortune Magazine’s website reported this morning that Brooklyn’s king of coliving, Common, received $16 million in funding and has plans to expand to San Francisco and Washington, D.C.

Common, though not the first coliving experiment, may be the first to be making it work. In February the companylaunched its huge third space, on Havemayer Street, bringing the total number of beds to more than 100.

Coliving, for the uninitiated, is akin to coworking. Rather than each individual having their own apartment, each person has their own bedroom, and shares common spaces and amenities with everyone else in the house. Rents for the bedrooms in the Havemayer house run from $1,800 to $2,700, which is not exactly cheaper than what you would find in the area, but given that many household expenses and all utilities are included, is maybe not quite as eye-popping as it would first seem.

READ FULL ARTICLE HERE