The Collective has received planning permission for a 19-storey development in Stratford, east London, from the London Legacy Development Corporation.
The 250-room scheme, which will open by early 2019, will be the co-living group’s second development after its Old Oak property, which was put up for sale earlier this month.
The Stratford plan includes communal kitchens, a gym, sauna, library, cinema room, outdoor hot tub, roof terraces, external gallery space and a ‘Hackney Wick-inspired’ ground floor terrace.
Reza Merchant, chief executive of The Collective, said: “We are excited to expand our pioneering large-scale co-living concept to a second London location. London is at the forefront of the global co-living revolution, a true market leader, with significant demand for this new way of living.
“Co-living offers community-centric experiences and access to an enviable range of spaces and curated events you simply would not get in a standard flatshare.
“Our first site at Old Oak is now fully let, with a waiting list, and Stratford marks the perfect second location for us.”
The scheme was designed by PLP Architecture. The application was scaled down earlier this year from a proposed 33 floors.
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