You have likely covered co-living, micro-units, and fractional ownership models. What reSpace is launching next in Seattle is the next evolution of that movement. It is a patented, mortgage-based Co-Homeownership framework that turns co-living renters into full equity-building homeowners. Each owner has their own mortgage, individual deeded rights, and independent sale flexibility when they choose.
The Grove by reSpace in Ballard
Building permits have just been approved for The Grove by reSpace in Seattle’s Ballard neighborhood. The property includes three architecturally distinct buildings offering eight private ownership suites anchored by shared designer-level spaces.
- The Heartwood: Main residence with four private suites and curated shared kitchen, living, dining, and multifunctional spaces.
- The Conifer (ADU) and The Evergreen (DADU): Each offers two private suites with access to shared amenities.
Ownership starts at $179,000, making it attainable at about the cost of renting a one-bedroom apartment in Seattle. Unlike renting, this model allows for equity growth, individual mortgages, and flexible exit rights.
Privacy, Community, and Shared Value
This model is uniquely designed to protect privacy while delivering community. Each resident owns their suite and shares luxury communal spaces, outdoor areas, EV-ready parking, and flexible shared amenities.
The legal and financial model is fully scalable and already approved for replication in additional high-demand urban markets. reSpace has identified 60 cities where this ownership structure can be expanded.
This Co-Homeownership model is especially relevant for conversations about housing affordability, climate impact, missing-middle zoning reform, and socially connected living that does not require giving up autonomy or long-term wealth building.
“Homeownership should not be a luxury reserved for the few,” says Katrina Eileen Romatowski, Founder and CEO of reSpace. “Our Co-Homeownership model turns today’s co-living demand into tomorrow’s equity, delivering privacy, community, and price points that make sense in real neighborhoods.”
Media and Interview Requests
If you are interested in an interview with Katrina or would like access to floor plans, ownership models, and an advance media walk-through of The Grove site in Ballard, we would be happy to arrange it.
Press and Booking Inquiries:
📩 media@reSpace.co
📞 206-222-2919
