In Dallas, a high-rise built for homesharing hints at hospitality?s future
1899 McKinney, a proposed Dallas high-rise being built by Rastegar Property and Sonder, would be the latest in an emerging trend of ground-up properties designed and built with the express purpose of serving homesharing sites. | Courtesy Sonder and Rastegar Property
Sonder, a homesharing startup, plans a ground-up, 270-unit building in the city?s Arts District Sonder, a hospitality company that offers a hybrid hotel-Airbnb experience in 30 cities around the world, announced the proposed construction of a new 270-unit building in Dallas?s Arts District, its largest property yet and a sign of larger shifts within the hospitality industry.
The proposed building, to be called 1899 McKinney and constructed in partnership with Austin-based Rastegar Property, would be the latest in an emerging trend of ground-up properties designed and built with the express purpose of serving homesharing sites. Airbnb has already partnered with developers in cities including Austin and Miami, providing design guidance to independent developers seeking to create condo buildings where owners can buy into room-sharing as an investment. The vision of 1899 McKinney, according to Ari Rastegar, CEO of Rastegar Property, is to ?institutionalize rentals by creating a high standard that fills the gap between five-star hotels and renting a home, especially with respect to Sonder?s service standards.?
Valued at more than $1 billion, Sonder is a San Francisco-based startup that has signed more than 9,...
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