Crowdfunding platform set up to design world’s first ‘cotel’

Thursday, February 27th, 2014. Filed under: Destinations Entertainment Home & Garden Online Photos
17John is a "Cotel" created with the new World Trade Center in mind ©Courtesy of The Prodigy Network

17John is a “Cotel” created with the new World Trade Center in mind
©Courtesy of The Prodigy Network

(Relaxnews) – The Prodigy Design Lab, being billed as the first crowdsourcing platform dedicated to architecture, interiors, and urban planning, launched in New York this week with a competition to design the world’s first ‘cotel’.

17 John's roof deck with views of lower Manhattan ©Courtesy of The Prodigy Network

17 John’s roof deck with views of lower Manhattan
©Courtesy of The Prodigy Network

Coined by The Prodigy Network, the term refers to a ‘collaborative hotel’, where the modern business traveler can network and share ideas. The group’s first project is 17 John, located one block away from the new World Trade Center in Manhattan.

The competition will see entrants design the interior spaces of the hotel, for the categories of public spaces, guest suites and digital services. The finalist for each category will be determined through online voting that will last for two weeks and the eventual winners selected by a jury of experts.

“We have learned that crowdfunding not only democratizes investments, it also makes projects viable that otherwise would not be possible,” said Prodigy Network’s CEO and founder Rodrigo Nino.

“The next step is to create a way in which the crowd can design our crowdfunded projects and this platform is the international stage to showcase the creativity and ingenuity of the community.”

17John will combine two architectural styles with the addition of the glass tower ©Courtesy of The Prodigy Network

17John will combine two architectural styles with the addition of the glass tower
©Courtesy of The Prodigy Network

17 John is an extended stay ‘cotel’ which, once completed, will stand 23 stories high and have 191 furnished units. Architects will combine the building’s existing classic architecture with the modernism of a glass tower to showcase its extensive views of Manhattan.

Founded in 2003, Prodigy Network is the leader of the world’s largest crowdfunded skyscraper, BD Bacata, and has led six international and US-based crowdfunded projects.

Individual investors can purchase real estate participations of 17 John for $50,000 each. To visit the Prodigy Design Lab and for more information on how to participate see prodigydesignlab.com

sm/kc

Share Button

Related posts

Observation deck of One World Trade Center named top new attraction 2015How department stores are dressing up their windows this ChristmasWorld Architecture Festival kicks off in SingaporeDesign destination: LondonWantedDesign New York: the highlightsTimes Square transformed into a giant stage with New York vintage chair exhibitionSingapore heats up for second Maison&Objet AsiaMoMA PS1 unveils the winner of its Young Architects Program 2015One World Trade Center is the most expensive skyscraper in the worldLargest European Frank Gehry retrospective to go on show in ParisNew York opens buildings for “Archtober”‘Baa’ stools are the latest in spring interiorsGufram designs by Marcel Wanders and Karim Rashid set to go on show at ICFF New YorkMoustache to set up breathing installation ‘Half Decade Beast’ at Milan Design WeekDubai’s metro stations set to be transformed into art museumsGlobal landmarks switch off the lights for Earth Hour 2014Installations and live performances announced for Design Days DubaiElon Musk: a man on a missionMoto G to get Sao Paulo launch partyThree devices for mixing work with relaxation