flexiblefullpage
billboard
interstitial1
catfish1
Currently Reading

Developer plans to 'crowdfund' extended stay hotel in Manhattan

Developer plans to 'crowdfund' extended stay hotel in Manhattan

Rodrigo Nino is inviting individual investors to put up $100,000 each for his latest project, 17 John. 


By BD+C Staff | February 17, 2014
17 John was designed by Winka Dubbeldam.
17 John was designed by Winka Dubbeldam.

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

| Mar 7, 2012

Firestone iPad app offers touch technology

Free app provides a preview of Firestone’s Roots to Rooftop Building Envelope Solution with an overview of all the products from ground and stormwater management solutions, to complete wall panel and commercial roofing system applications.

| Mar 7, 2012

LEO A DALY opens new office in Riyadh, Saudi Arabia

Jay N. Kline, Regional Manager – Saudi Arabia, to lead new office.

| Mar 7, 2012

Turner appointed Batson-Cook CFO and treasurer

Cecil G. Hood to continue in advisory role.

| Mar 7, 2012

Thornton Tomasetti names Dowdall VP of Kansas City office

Dowdall will be responsible for supporting the Property Loss Consulting, Building Performance and Building Sustainability practices nationally.

| Mar 7, 2012

LEO A DALY selected to design Minnesota Fallen Firefighters Memorial

The bronze, figurative sculpture of a firefighter rescuing a child, which is currently on display at the Minneapolis/St. Paul International Airport, is lit by natural light through a circular void in the monolith.

| Mar 7, 2012

Houlihan Lokey adds Steffen to Industrials Group

Steffen bolsters group with experience in the building materials and rorest product sectors.

| Mar 6, 2012

Country’s first Green House home for veterans completed

Residences at VA Danville to provide community-centered housing for military veterans.

| Mar 6, 2012

EwingCole completes first design-build project for the USMA

The second phase of the project, which includes the academic buildings and the lacrosse and football fields, was completed in January 2012.

| Mar 6, 2012

Gensler and Skender complete new corporate headquarters for JMC Steel in Chicago

Construction was completed by Skender in just 12 weeks.

| Mar 6, 2012

BLT Architects promotes two to associate

Architect Nicole Dress and interior designer Jessica Moser acknowledged for excellence.

boombox1
boombox2
native1

More In Category




halfpage1

Most Popular Content

  1. 2021 Giants 400 Report
  2. Top 150 Architecture Firms for 2019
  3. 13 projects that represent the future of affordable housing
  4. Sagrada Familia completion date pushed back due to coronavirus
  5. Top 160 Architecture Firms 2021