Caton Commercial

German Co-Living Brand

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…

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.

German Co-Living Brand Readies Major U.S. Expansion

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Caton Commercial Real Estate Group is proud to represent the Co-Living Company, Medici Living Group, in their Chicago and Midwest expansion. Medici operates 70 locations across Europe and due to the positive response, Medici is beginning to expand in other major cities in the United States. The first location was in New York City and filled up within 30 days after opening in April.

Below is an article from bisnow.com that describes the Quarters brand provided by Medici Living and their plans for future expansion. After reading the article, give us a call to discuss the commercial real estate needs at your company and create a strategy to meet those needs.

Source: bisnow.com | Re-Post Caton Commercial 11/30/2017 –

After opening its first U.S. co-living location in Manhattan earlier this year, Medici Living Group is gearing up for a major expansion in 2018 as the niche housing type grows in prominence.

Medici plans to open one of the country’s largest co-living spaces in one of the country’s biggest cities in 2018. It is just one of many Quarters locations coming to market in the coming years. The Quarters brand is fashioned for the U.S. compared to the sparser Medici Living flat-sharing locations it has operated for years in its native Germany and across Europe.

Medici co-founder and Managing Director Evan Kasper said Quarters’ first location, on Grand Street in Manhattan’s Lower East Side, filled up within 30 days after opening in April, and the experience running that facility has primed it for major growth next year: in addition to a 180-bed development being built ground-up in an undisclosed U.S. location, Medici plans to open a handful of new Quarters in New York City in 2018. “Quarters is supposed to be a globally connected product where if you live in one building, you are connected to the community all across the world,” Kasper said. “To do that, you need a critical mass. The vision, that model, works at scale, and it’s something that needs to be created almost all at once to really work well.”

Read the full article…