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Catalyzing worker co-ops & the solidarity economy

Traverse City Real Estate Co-Op Breaks Several Different Molds

Slated to finish construction and open its doors in early 2022 (there’s even a live webcam feed of the construction site), Commongrounds Cooperative will have space for an independent coffee roaster, a local craft distillery, a food hall with a shared commercial kitchen for hourly rental, a childcare facility, a performing arts space and 24 apartments — 18 of them below-market rate, serving various income levels.

But what really makes Commongrounds Cooperative such an atypical project is who owns it and how it was financed. The co-op is owned by a combination of the commercial tenants that will occupy it once it opens and members of their community — their customers, employees and other supporters as well as the residents once they move in.

Read the rest at Next City

 

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