Common Named Co-living Operator at LIC’s ALTA
Simon Baron Development has named Common the co-living operator at ALTA in Long Island City. The developer bought the site in 2015; it’s now one of the largest co-living buildings in the country.
“We’re excited to partner with Common, an operator who has built a strong track record in New York and is well-positioned to capture renters returning to the city,” said Matt Baron, president of Simon Baron Development.
“Co-living requires specialized operations and Common has built up the reputation to successfully manage on behalf of institutional owners.”
Added Brian Lee, managing director of real estate at Common, “As the industry landscape changes, Common has clearly emerged as the leader in operating co-living units across the US, particularly in NYC, the city where we were founded. Being selected to operate at ALTA, a residential building well known for being a national co-living pioneer, is an honor.”