W5 Group Taps Common to Operate 239 Co-Living Units in D.C.
W5 Group, the single-family investment office of real estate entrepreneur Ralph Winter, has tapped residential brand Common as the operator of i5 Union Market’s 239 co-living units in D.C.
i5 Union Market, the newly constructed flagship residential building located at 320 Florida NE in Washington, D.C.’s Union Market neighborhood, comprises a mix of conventional and co-living residential units that together form a highly-amenitized environment. Offerings at the property include an infinity pool with views of the U.S. Capitol, a penthouse lounge including a chef’s kitchen and indoor/outdoor space, grilling stations, a modern fitness center, co-working lounge with private offices, a dog walk area and pet spa and onsite covered parking and storage.
Co-living rents at i5 Union Market by Common are starting at $1,100 per month and include fully furnished apartments, household supplies, weekly cleanings, community events, discounts to local and national brands, utility-inclusive rent and access to all of the building’s amenities.
“We are very excited to welcome Common as i5 Union Market’s co-living operator,” said Raphael Sidelsky, CIO at W5 Group. “i5 Union Market offers residents the ultimate renter experience, while Common’s strong management team and deep knowledge of the D.C. market will elevate the building’s community-oriented approach to the next level.”
David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector.
Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA.
David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.
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