Housed inside the 27-story WeWork (2016 CNBC Disruptor No. 34) building at 110 Wall Street in lower Manhattan is the latest iteration of the company's take on the "we" way of life: WeLive. Opened for about six months, the residential apartments pick up where WeWork leaves off, quite literally.
On floors 2 through 6 of the building are WeWork shared office spaces. Right above, on floors 7 through 18, you'll find the WeLive apartments (floors 19 through 27 are scheduled to be complete by Aug. 1).
A second WeWork/WeLive mixed-use building is located in Crystal City, Virginia, with the 260 residential units having opened May 1. Though WeWork claims to be testing its co-living concept with these two inaugural buildings, the company is hardly standing still. Deals for new locations in New York City, London, San Francisco and Los Angeles are reportedly already being negotiated.
In fact, WeWork co-founder and chief creative officer Miguel McKelvey says the market for its shared-living residences is potentially bigger than that for its co-working spaces, which currently number 75 locations in 22 cities around the world and 55,000 members.