Desire for Connection with Others Could Change Apartment Development

June 14, 2018 Posted In

Written by Margaret Jackson, Bisnow Denver

BMC Investments CEO Matt Joblon recognizes that he can’t predict the future, but one thing he knows for sure is that big changes will come to the multifamily housing market in the next 20 years.

Joblon, who will be a panelist at the Bisnow Multifamily Annual Conference 2018: Rocky Mountain Series on Sept. 13, describes the physical multifamily asset as the hardware and the programming and experiences as the software.

“You’re going to see the software evolve quicker than the hardware,” Joblon said. “Co-living is a real possibility where people are sharing kitchens and common areas and just having bedrooms. I think that will evolve. Things will get smaller and tighter, and it will be more about the experience.”

Similar to Facebook, where people seek a digital connection, co-living will provide apartment dwellers with a way to connect with one another. Already, residents in traditional complexes are seeking out ways to interact with their neighbors. With his Steele Creek apartment project, Joblon has found that tenants have formed a tight community through gatherings in the clubroom or at the swimming pool, an experience he hopes to replicate with The St. Paul Collection, a luxury apartment project in Cherry Creek North.

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