Co-living provider Quarters has entered the Washington, D.C., market with a 239-bed community inside The Highline at Union Market, a brand-new mixed-use development in the Union Market District.
Quarters will occupy approximately 67,000 square feet of The Highline at Union Market building, which also will include retail space and market-rate apartments. It will be the sixth and largest Quarters community in the United States and the first phase of approximately 1,800 new Quarters units to come in the U.S. over the next three years.
“Our D.C. location is our largest yet and an incredible addition to our global co-living network,” says Gunther Schmidt, CEO of Quarters, which is based in Berlin, Germany. “With locations now secured in four prime U.S. cities and 10 cities across Europe, we are well on our way to establishing a true global co-living brand that creates value for our growing number of members all over the world.”
The community’s 239 beds will be distributed across a total of 99 two-, three-, and four-bedroom co-living residences, which have been adapted from The Highline at Union Market’s original floor plans. The new location, set to open by the end of the year, will also feature large common spaces and access to the whole building’s shared amenities, including a fitness center, a co-working lounge, indoor and outdoor amenity areas, including an infinity pool, and community events.
Quarters entered the community, originally developed as traditional mixed-use by Level 2 Development, through a long-term lease with the W5 Group investment firm. W5 Group recently acquired a significant majority interest in the $150 million property, buying out Clark Enterprises, the previous investment firm.
The building, designed by Eric Colbert & Associates, utilizes a modern-industrial architectural ethos, with prominent steel columns, warehouse-style windows, and industrial-framed glass cubes in uneven façade placements. Its sustainable features are equivalent to LEED Silver, and include a green roof, a bioretention facility, and 105 bicycle parking spaces.
“This project is a perfect fit for the up-and-coming neighborhood of Union Market,” said Ralph Winter, principal of W5 Group, Quarters’ investment partner. “We are offering something that is quite unique: an opportunity, through your place of residence, to be a part of a community of like-minded individuals and share in the experience of home.”