British Co-Living Company Launching First U.S. Location In Long Island City

After introducing itself to New York City with a major $450M co-living facility in Brooklyn, The Collective's first U.S. location will actually be in Queens.

The Collective has paid $58M to acquire The Paper Factory Hotel in Long Island City, and will spend the next few months and millions of dollars converting it into a "short-stay co-living" facility, where guests will be able to stay up to 29 days and take advantage of the shared spaces and community programming that a co-living project entails.