PropertyProf Blog

Editor: Stephen Clowney
Univ. of Arkansas, Fayetteville

Monday, April 8, 2013

The First Co-op

The New York Times takes a look at the history of the Rembrandt, the first co-op building in the US:

Although an 1882 pamphlet issued by the developers renounced “any socialistic union, even of the most plausible and conservative character,” there was talk of buying coal and ice in bulk and retaining a common staff for cooking and laundry.

The developers said that they were looking for “people of means and good social standing”; the advent of the resident-owned building, and hence the co-op board, allowed control over one’s neighbors, which was something no other apartment house could provide.

Steve Clowney

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