Caton Commercial

Co-Living

$1.14B Investment in Co-Living Facilities with U.S. Expansion Plans

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German property firms, Medici Living and Corestate Capital Holding SA, plan to invest $1.14 billion to develop their co-living facilities across Europe and the United States.

Young professionals that were priced out of major city housing markets are driving the demand for the co-living concept where tiny apartments are grouped around shared facilities such as dining areas, lounges, work spaces, laundry rooms and gyms.

Caton Commercial brokers, Bill Caton, CIPS, Steve Caton, CCIM, and Andy Velkme, CIPS will partner with Medici for site selections as they target U.S. cities for expansion. Medici Living currently operates two sites in New York and one in Chicago under their QUARTERS brand name.

Click here for full article.

European Co-Living Concept, Quarters, Opens In Chicago

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We are pleased to announce that the Medici Co-Living Group has just opened their new QUARTERS location at 171 Aberdeen in Chicago’s Fulton neighborhood. Several Caton Commercial brokers and our business partners attended the grand opening along with the QUARTERS team and many members residing at the property. These co-living apartments offer shorter term leases for as little as three months, a common kitchen, outdoor grills, skyline bar seating and recreation lounges. These accommodations and amenities are particularly appealing to young professionals, entrepreneurs and millennials and provide all-inclusive housing and built-in networking opportunities.

Following the success of QUARTERS in Europe and New York City, Chicago was a prime market to bring the upscale co-living concept. Our partnership with the Medici Co-Living Group is leading to expansion opportunities in several other CBDs. Take a moment to look over this article from rejournals.com, then give us a call if you have any questions about co-living apartments or to let us know how we can assist with your other commercial real estate needs.

Source: rejournals.com | Re-Post Caton Commercial 7/10/2018 –

QUARTERS, a new community way of living, recently celebrated its grand opening in Chicago’s Fulton Market district. Medici Living Group helped to pioneer the new living experience in Germany; Naperville-based Caton Commercial Real Estate Group, representing Medici Living Group, helped bring this concept to Chicago.

The QUARTERS co-living concept is aimed at young professionals, entrepreneurs and millennials and provides all-inclusive housing and built-in networking opportunities. It is a lifestyle built on a community that includes access to a network of like-minded people and modern technology all in the comfort of your own home.

“This new trend in living is not about a single room but about the whole experience,” said Gunther Schmidt, QUARTERS founder and CEO. “We not only offer an easy housing solution but also a community that shares similar ideas and passions. The networking opportunities are endless and QUARTERS has weekly events to help build your social network.”

Read the full article…

CBS 2 News Features QUARTERS Co-Living Location in Chicago’s Fulton Neighborhood

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CBS 2 News Chicago has featured the new QUARTERS co-living building in Chicago’s Fulton Market. Caton Commercial brokers Steve Caton, CCIM, Bill Caton, and Andy Velkme have partnered with The Medici Group to bring QUARTERS to the Midwestern United States. The co-living concept is gaining ground among millennials and others who wish to be in the heart of a CBD with plenty of nearby amenities, without shouldering the city’s rising rents.

To watch the full video, click here.

Medici Co-Living Group Reveals QUARTERS in Chicago

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A sneak peek of the terrace view of Chicago’s skyline from the new Quarters building at Fulton Market District f
Caton Commercial brokers attended a pre-opening event for Berlin-based Medici Co-Living Group  in preparation for the grand opening of their first Midwest-based co-living concept called QUARTERS  in late May 2018. The newest building is located at 171 Aberdeen in Chicago’s Fulton Market district. Caton Commercial‘s Steve Caton, Bill Caton, and Andy Velkme worked to secure the first Midwest location for Quarters and more locations across the nation. Quarters’ co-living concept, a new approach to targeted to young professionals, offers a move-in ready apartment space for 1-5 people overlooking the Chicago skyline.

From L to R: Caton Commercial’s Bill Caton, Christina Caton Kitchel, and Steve Caton, CCIM attended the pre-opening event of Berlin-based Medici Co-Living Group’s first Midwest co-living building.

On Thursday, April 26th, Caton Commercial’s Steve Caton, Bill Caton, Christina Caton Kitchel, and Andy Velkme  attended the special pre-opening event for Quarters, where Medici’s CEO Gunther Schmidt spoke on plans for the new location.

Medici Co-Living Group’s CEO Gunther Schmidt speaking on the pre-opening event last Thursday, April 26th, on the new opening of their first Chicago co-living building.

Click the video link below for your own tour of Quarters Co-Living location in Chicago’s Fulton neighborhood.

Is Chicago Ready For Co-living?

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Co-living, the latest trend in millennial housing, provides shorter-term leases with comprehensive amenities in a community setting; all with the click of a smartphone. We’re pleased to announce that Germany-based Medici Living Group, a leader in providing co-living options, is now partnering with us at Caton Commercial Real Estate Group in Chicago’s Fulton neighborhood. Caton Commercial hopes to identify other potential locations for Medici’s Quarters co-living concept in the Chicagoland area, as well as central business districts elsewhere in the U.S.

Below is an article from  therealdeal.com  that describes the philosophy behind co-living and the advantages it provides. Please enjoy the article and contact us with any questions, or if you or your business have any other commercial real estate needs where we can be of assistance.

Source: therealdeal.com | Re-Post Caton Commercial 4/19/2018 –

Berlin-based Medici Living Group is bringing its first Quarters co-living location to Chicago next week.

The 175-resident location in Fulton Market is the first in what company CEO Gunther Schmidt said will be a broader push into Chicago, according to the Chicago Tribune.

“We’re seeing massive demand, and we’re really reacting to that demand,” he said. “I think you’re going to see this expand in every city.”

The facility will be on the top five floors of MCZ Development’s 10-story project at 171 North Aberdeen Street, Schmidt said.

Apartments accommodate up to five people, with a kitchen, one or more bathrooms and bedrooms ranging from 77 to 198 square feet. Rents start at $1,200 per month and will average $1,600 per month including utilities, wireless internet, and Netflix movies.

Medici is working with Naperville-based Caton Commercial Real Estate Group to identify other potential locations in Chicago, the Tribune reported.

Read the full article…

Caton Commercial Partners with Medici Group for Chicago Co-living Concept

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Caton Commercial Real Estate Group is pleased to announce that brokers Steve Caton, CCIM, Bill Caton, and Andy Velkme are collaborating with German-based co-living company, Medici Living Group  in their Chicago expansion. Medici’s co-living concept Quarters, and its technology platform, allow members to rent furnished spaces including all utilities, through their smartphones, and instantly become plugged into an active community. Further, Quarters gives members the flexibility to move globally from one city to another.

In a recent Chicago Tribune article, Caton Commercial Real Estate Group receives mention, and co-living is further explained.

To read the full article, click here.