In 2005, third-grade teacher Eric Schneider bought a small 450-square-foot Manhattan apartment and started down a journey in design, architecture, and big thinking (by thinking small) that resulted in an apartment that is more transformer than it is traditional apartment space. He invested $70,000 (on top of the $235,000 he originally paid for the apartment) in creating a space that can be quickly and easily modified to meet the needs of Eric and his guests. A few clicks here, a fold or unfold there, and Eric can create a bedroom. A few more clicks and swings there and the same space is perfect for entertaining people. Or it can be turned into a productive workspace for work or computer time at home.
Check out the video showing how it all works.
It cost Eric $70,000 for a custom unit (designed by Michel Chen and Kari Anderson at Normal Projects), it follows the rules of economy of scale that a commercial version of his apartment could be sold for as low as $50,000. I hope to see something like this hitting the market soon, it makes too much sense in a time where small apartments in popular cities can still cost millions of dollars, even in the face of the global downturn in the real estate market.
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