2017-08-16wsj.com

... his one-bedroom at WeLive, a co-living residence on Wall Street, is in the same 26-story building as his office at WeWork, a co-working space. Mr. Nguyen takes many of his meals at Westville, Fuku or Milk Bar--the trendy eateries on the building's ground floor. He does his laundry in the building. He goes to parties in the building. He attends movie nights in the building. "I'm literally here probably 23 hours of the day," he says.

...

With its wide-plank pine flooring and industrial feel, WeLive looks just like WeWork--right down to the lounges where people can spin Nirvana LPs on old-school turntables. Like his office, the apartment came furnished--and equipped with pots, pans, books, and prints, even a flashlight. Mr. Nguyen enjoys fresh sheets, towels and maid service. There is free cappuccino in the lobby and free arcade games in the laundry room. The building even provides a social life, with activities ranging from Pilates to community dinners.

...

The rush is on to serve folks like Mr. Nguyen, who wish to dispense with their commute. Facebook, for example, is building on-campus housing for employees. Here in New York, developers looking to lure freelancers and entrepreneurs are adding shared office spaces to new condo and rental projects. A 714-unit luxury rental in Boerum Hill, Brooklyn--named 33 Bond Street--for example, promises to "redefine the notion of work-life balance" with HomeWork, an in-house co-working space with its own coffee bar.

WeWork, meanwhile, says only a "handful" of residents at its Wall Street location also work in the building. But roughly 15% work at one of the 41 other WeWork locations in the city, including five within walking distance of the WeLive.



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