London - based co - living company The Collective CEO Reza Merchant While no one will be able to live in The Collective in Long Island City long-term, Merchant said it will still be co-living because of the way the space is designed and the culture imprinted there. The Collective has acquired The Paper Factory Hotel in Long Island City , which will be transformed into short - stay co - living accommodation featuring shared areas and community based around food , drink , art and music . The facility will be available for stays of up to 29 days . The Collective Old Oak in London is the largest co - living site in the world , while In New York , the company has spent $ 150 m on properties in Queens and Brooklyn , and is building a $ 450 m site at 555 Broadway and is developing the former Slave Theater .
London - based co - living company The Collective has acquired The Paper Factory Hotel in Long Island City , which will be transformed into short - stay co - living accommodation featuring shared areas and community based around food , drink , art and music . The facility will be available for stays of up to 29 days . The Collective Old Oak in London is the largest co - living site in the world , while In New York , the company has spent $ 150 m on properties in Queens and Brooklyn , and is building a $ 450 m site at 555 Broadway and is developing the former Slave Theater .