Caton Commercial

Quarters

$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…

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.