US startup eyes luxury niche in co-living communities

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Spotted: US startup Ollie is banking on luxury as it expands its co-living communities. Ollie targets young professionals in expensive housing markets in the United States. The company is investing in high-end amenities at its micro-unit properties in Pittsburgh and New York. The concept veers more towards hotel than traditional one-bedroom apartment. Become an Ollie member and you receive “all-inclusive co-living”, the company says. This means Italian-made furniture, free wi-fi, maid service and fancy soap. There are also social events arranged by Ollie for building residents. Ollie’s 302-square-feet micro apartment in New York runs $2775 a month, which is slightly less…

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