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
| Sep 29, 2011
CEU series examines environmental footprint and performance properties of wood, concrete, and steel
Each course qualifies for one AIA/CES HSW/SD Learning Unit or One GBCI CE Hour.
| Sep 29, 2011
Kohler supports 2011 Solar Decathlon competition teams
Modular Architecture > In a quest to create the ultimate ‘green’ house, 20 collegiate teams compete in Washington D.C. Mall.
| Sep 29, 2011
AIA Dallas names new executive director
AIA Dallas one of only a few chapters in the U.S. to be led by an accomplished architect.
| Sep 29, 2011
Potter honored with SMSP honor
The Society for Marketing Professional Services (SMPS) recognized Alfred K. Potter II, FSMPS, senior vice president with Gilbane Building Co., with the 2011 Weld Coxe Marketing Achievement Award (MAA).
| Sep 28, 2011
Look who's coming to BD+C's Under-40 Leadership Summit
AEC industry "under-40 superstars" from top design and construction firms have signed up for BD+C's "Under-40 Leadership Summit."
| Sep 28, 2011
GBCI announces LEED fellow class of 2011
LEED Fellows represent green building industry's most accomplished professionals.
| Sep 28, 2011
Bradley sponsors design studio on intelligent buildings for UWM SARUP
The studio is taught by Gregory D. Thomson, assistant professor and co-director of the Institute for Ecological Design at UWM.