Prodigy Network’s crowdsourced competition to design a community focused destination will award entrants up to $50k.
PSFK has partnered with real-estate crowdfunding company Prodigy Network to crowdsource the designs for their most recent project 17John, an innovative hotel in the heart of New York City’s Financial District. This series of articles provides inspiration for readers wishing to be a part of the project and join the crowd in designing the first Cotel.
PSFK and real-estate crowdfunding company Prodigy Network are pleased to invite our readers to participate in a crowdsourced design competition to design the interior of the world’s first ‘Cotel,’ 17John. The term Cotel was coined by PSFK and Prodigy Network as an extended stay hotel that services the specific needs of the modern business traveler. 17John, is located in the heart of Manhattan’s Financial District, and will feature both physical and virtual components which will be defined by the innovation and collaboration amongst anyone interested in participating.
The competition will run through April 21th and offer $50k of prizes.
More details and sign-up can be found here.
Key Design Challenges:
Collaborative/Public Space – This contest area looks at how a hotel’s public spaces can evolve their design and offerings to become collaborative environments that bring travelers together to work, play and socialize. [Inspiration]
Private Space – This contest area looks at how guest rooms can evolve to integrate health and wellness and adaptivity into their design, creating fulfilling and customizable spaces for guests during their extended stay scenarios. [Inspiration]
Digital Services – This contest area looks at the transactional, social and curation tools that are seamlessly connecting guests with all of a hotel’s services and amenities, helping people network, discover and share and putting the best of the local city at their fingertips. [Inspiration]
The goal of 17John is to create a space where the interaction of the traditional hotel meeting or gathering will be transformed into an interactive and engaging experience. As NYC retains its prominence as a central hub for business, commerce, and networking, 17John will offer an extended stay that prioritizes the needs of today’s business traveler.
How To Enter:
Visit Prodigy’s site to read the full brief and join the competition. Teams or individuals entering the competition are eligible to enter one, two or all three competition categories. The contest runs from February 20th and will run through April 21th and offer $50k of total prizes.
Prodigy Network is known as a pioneer in crowdfunding for real estate. In 2009—after more than 29 projects—Prodigy Network developed an innovative investment model for crowdfunding in real estate, becoming the world’s leading platform in the field. By doing so, Prodigy introduced a way of democratizing investment opportunities for large-scale projects. Prodigy Network believes that community and transparency are essential to success in real estate.