17 John, Rodrigo Nino's proposed extended stay hotel in Manhattan, will ask individual investors to provide $100,000 to fund the structure's interior.
Crowdsourcing has worked for Nino before, both in the Prodigy Group and in the Ideal City Project, which he founded. The latter is a crowdsourcing platform for solving urban issues. AKA Wall Street, a $90 million extended stay hotel, is Ideal City's latest project.
The Prodigy Group is responsible for the BD Bacata project, a 66-story, 1.2 million-sf tower with 3,500 investors. The building will open in Bogota, Colombia, in 2015. It includes office and retail space, as well as a 364-room hotel.
Architect Winka Dubbeldam of Archi-Tectonics NL designed the 23-story 17 John project.
“We have learned that crowdfunding not only democratizes investments, it also makes projects viable that otherwise would not be possible,” Nino told Dwell. “With 17 John, we are providing real estate investment opportunities to accredited investors.
Here are Dubbeldam's latest renderings of 17 John:
Related Stories
| Jun 8, 2012
Chestnut Hill College dedicates Jack and Rosemary Murphy Gulati complex
Casaccio Yu Architects designed the 11,300-sf fitness and social complex.
| Jun 7, 2012
Waterline exhibition displays visions for re-thinking the Chicago River
The designs of Waterline showcase why the Chicago River should once again be considered the city’s most important asset and sets the stage for increased awareness, education and reinvention of the River.
| Jun 7, 2012
WDMA and FMA to affiliate and integrate operations
Over the coming months both organizations will begin the process of formalizing the details of the agreement for final approval by both organizations, with the formal change expected to take effect in January 2015.
| Jun 7, 2012
Craig joins Cannon Design as associate principal
Craig will work closely with the firm's Corporate/Commercial Interiors leadership to help facilitate initiatives that strengthen awareness around workplace innovation and offer counsel on strategic workplace decisions.
| Jun 7, 2012
Stantec publishes 2011 corporate Sustainability Report
Stantec's fifth annual Sustainability Report was prepared in accordance with the internationally recognized G3.1 Sustainability Reporting Guidelines, developed by the Global Reporting Initiative.
| Jun 6, 2012
KPF designs tower for Yongsan IBD
The master plan, created by Studio Daniel Libeskind, is a dynamic urban environment containing contributions from 19 different architects practicing in diverse locations around the globe.
| Jun 6, 2012
SOM urges Chicago tenants to partner with landlords to cut energy use
Tenants can exceed building energy challenge targets recently announced by Mayor Emanuel.
| Jun 6, 2012
KLMK Group awarded contract with Parkland Health & Hospital System in Texas
KLMK will also provide planning guidance in all aspects of the project related to facility activation.
| Jun 5, 2012
Cannon Design joins forces with Peter Ellis New Cities
Peter Ellis will now lead Cannon Design's urban planning and city design practice in collaboration with the firm's executive leadership.
| Jun 5, 2012
Walker Parking opens office in Abu Dhabi
Walker has been in Abu Dhabi since May 2011 but in a temporary office suite.
