{"id":1004065046,"date":"2013-01-25T07:11:16","date_gmt":"2013-01-25T15:11:16","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=97580"},"modified":"2020-05-14T03:58:57","modified_gmt":"2020-05-14T11:58:57","slug":"micro-housing-to-solve-apartment-crisis-in-nyc-2","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/micro-housing-to-solve-apartment-crisis-in-nyc-2\/","title":{"rendered":"Micro-Housing to Solve Apartment Crisis in NYC?"},"content":{"rendered":"

By Veronica Grecu, Associate Editor<\/em><\/p>\n

The lack of inventory and skyrocketing rent prices have forced many New Yorkers to reconsider their housing options or look for solutions to transform their notoriously tiny apartments into multifunctional homes.<\/p>\n

\"\"<\/a>Following the relatively new \u201cmicro-housing\u201d concept, which has been gaining more and more followers in several major U.S. cities such as San Francisco or Boston, Mayor Michael Bloomberg recently announced the winner of the adaptNYC Competition\u2014a city-sponsored pilot program launched in July 2012 to develop innovative micro-apartments that would respond to New York City\u2019s housing problems.<\/p>\n

The development team composed of Monadnock Development LLC, Actors Fund Housing Development Corporation and nARCHITECTS, the latter of whom was chosen to design, construct and operate the city\u2019s first standalone micro-unit apartment building. Named \u201cMy Micro NY,\u201d the project will occupy a vacant, city-owned parcel at 335 East 27th<\/sup> St. in Manhattan.<\/p>\n

The $15 million pilot investment will include 55 prefabricated rental micro-apartments measuring between 250 and 370 square feet, with 40 percent of the units already designated as affordable. City officials estimate that the building will accommodate 70 to 100 residents, who are expected to move in by September 2015.<\/p>\n

Each unit at My Micro NY will consist of two distinct zones\u2014one including a kitchen, bathroom and storage room, and the other one designed as a canvas area providing flexible space and serving as the primary living and sleeping area. The micro-housing building will also feature a rooftop garden, a community room on each floor, a lounge area, a laundry room and storage room.<\/p>\n

Meanwhile, local entrepreneur and trained architect Graham Hill seems to have found an ideal solution to living (and working) in super-tiny apartments. According to Yahoo! News<\/em> back in 2009, Hill acquired two studios in a 100-year-old building in Manhattan\u2019s SoHo neighborhood and, after launching an international design competition, chose two Romanian architecture students\u2014C\u0103t\u0103lin Sandu and Adrian Iancu\u2014to renovate a 420-square-foot apartment into a chameleonic housing unit that can be quickly converted from one room to two and from main living area to office, dining and kitchen space.<\/p>\n