Treehouse Co-Living
| Company type | Private |
|---|---|
| Industry | Real estate Co-living |
| Founded | 2016 |
| Founders | Prophet Walker Brent Gaisford Joe Green |
| Headquarters | , United States |
Key people | Prophet Walker (CEO) |
| Services | Co-living communities |
| Website | treehouse |
Treehouse Co-Living is an American co-living real estate developer based in Los Angeles, California.[1][2][3] It develops co-living communities and is recognized as having built the first ground-up co-living development in the United States.[4]
History
[edit]Treehouse Co-Living was founded in 2016 by Prophet Walker, Brent Gaisford and Joe Green.[5][6] Walker became its chief executive officer, Gaisford its chief financial officer, and Green its chairman.[7]
Treehouse received $5 million in seed funding, with investors including Blake Mycoskie, Alexis Ohanian and Justin Kan.[2][8] It also received a grant from the Hilton Foundation for piloting mixed-income shared housing.[9]
Developments
[edit]Treehouse Hollywood
[edit]Treehouse's first project, Treehouse Hollywood, is located at 5842 Carlton Way in Hollywood, one block south of Hollywood Boulevard.[10][1] Construction began in late 2017 on the $15 million development, which opened in 2019.[10][1] The five-story building sits on an 8,500-square-foot lot that contains 60 bedrooms in 18 units and six studio apartments.[11][12] It was designed by Soler Architecture + Design and Knibb Design.[11][13]
Two units containing six bedrooms were designated as highly affordable housing for low-income tenants, with Treehouse partnering with My Friend's Place, a drop-in social-services center for homeless youth.[11]
Koreatown Project
[edit]Treehouse's second major project was in Koreatown, Los Angeles, and was announced in 2019. In late 2022, Treehouse began construction of the building at 920 S. Gramercy Pl in Koreatown. It was financed through racial-equity bonds and state transit-oriented-development incentives.[14] The five-story building with 13 units opened in spring 2023 and was later converted into homeless housing.[15][16]
Park Mesa Heights Project
[edit]In September 2021, Treehouse filed plans for a 101-unit complex at 4421 S. Crenshaw Boulevard in the Park Mesa Heights neighborhood of Los Angeles after acquiring the site in 2020 for $5.75 million.[8] The project includes 15 units, with 12 designated for extremely low-income residents, and 10,000 square feet of commercial area.[8]
Treehouse Leimert Park
[edit]In 2021, Treehouse acquired a block on Crenshaw Boulevard to develop as Treehouse Leimert Park.[2][17] Treehouse has submitted plans for an eight-story, 101-unit mixed-use building at 4421–4437 Crenshaw Blvd, across from the Leimert Park transit station.[18]
References
[edit]- ^ a b c "This capitalist commune is trying to cure L.A.'s loneliness. Plus there's free coffee". Los Angeles Times. December 17, 2020.
- ^ a b c Heller, Nathan (June 28, 2021). "In a Divided Country, Communal Living Redefines Togetherness" – via www.newyorker.com.
- ^ Pardes, Arielle. "1 House, 40 Roommates? During Covid, Co-Living Adds Up" – via www.wired.com.
- ^ "Better Together: First Ground-Up Co-Living Project In Los Angeles Underway". Bisnow.
- ^ "L.A. Branches Out To Co-Living with the Treehouse". October 31, 2019.
- ^ Kiefer, Peter (June 2, 2018). "Meet the Activist Who's Bringing the Co-Living Trend to Hollywood".
- ^ Gaisford, Brent (February 12, 2018). "Opinion: How can L.A. build dense new housing without displacing working families? With a 'Right to Remain'". Los Angeles Times.
- ^ a b c Farr, Isabella (September 17, 2021). "Co-living startup Treehouse plans second complex in Los Angeles". The Real Deal.
- ^ "Treehouse Co-living, LLC". Hilton Foundation.
- ^ a b Sharp, Steven (January 18, 2018). "Co-Living Development Now Under Construction in Hollywood | Urbanize LA". la.urbanize.city.
- ^ a b c "Reimagining Community at Treehouse Co-Living in Hollywood".
- ^ "In an age of loneliness, Treehouse offers community that's carefully curated and designed". KCRW. September 22, 2020.
- ^ Lennon, Christine (June 27, 2022). "This 'Treehouse' Is an Experiment in Communal Living—and a Glimpse at the Future of Housing in L.A." Sunset Magazine.
- ^ "The $62 Million Affordable Housing Initiative". United Way L.A. July 13, 2022.
- ^ "Purchasing power: Leimert Park merchants come together to buy their building". Los Angeles Standard. November 7, 2022.
- ^ "Koreatown building's transformation into homeless housing is a win for LA4LA program". Los Angeles Times. July 23, 2024.
- ^ "Column: Can these Black business owners save the heart of Leimert Park from gentrification?". Los Angeles Times. February 17, 2022.
- ^ Sharp, Steven (September 21, 2021). "More mixed-use planned near Leimert Park Station | Urbanize LA". la.urbanize.city.