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[[File:Commongrounds.jpg|600px|thumb| | [[File:Commongrounds.jpg|600px|thumb|left|Commongrounds rendering]]Commongrounds is a new 4-story, 50,000 s.f. $16 million development in Traverse City, Michigan cooperatively owned by nearly 600 members. It will feature a food incubator, coffeeshop, distillery, childcare center, cowering space for impact organizations and businesses, performing arts and events space, artist-in-residence space, and 24 workforce rental units. Construction began in Fall 2020, with tenants scheduled to move in by 2022. | ||
'''Mission''' - To support, develop, and occupy cooperative real estate that meets community needs and increases quality of life in its region. | '''Mission''' - To support, develop, and occupy cooperative real estate that meets community needs and increases quality of life in its region. | ||
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'''Vision''' - Commongrounds serves as a backbone for the community's people and organizations to be healthy, connected, creative, and inclusive; increase their [https://www.wired.com/insights/2014/12/the-adjacent-possible-of-big-data/ adjacent possible] and achieve [https://en.wikipedia.org/wiki/Collective_impact collective impact] on the [https://www.rollins.edu/wellness-center/nine-dimensions-of-wellness/ nine dimensions of individual and community well-being]. Commongrounds will provide shared value and triple-bottom-line (environmental, social, economic) returns on investment by tenants, partner organizations, and people working, living, learning, and playing in the region. | '''Vision''' - Commongrounds serves as a backbone for the community's people and organizations to be healthy, connected, creative, and inclusive; increase their [https://www.wired.com/insights/2014/12/the-adjacent-possible-of-big-data/ adjacent possible] and achieve [https://en.wikipedia.org/wiki/Collective_impact collective impact] on the [https://www.rollins.edu/wellness-center/nine-dimensions-of-wellness/ nine dimensions of individual and community well-being]. Commongrounds will provide shared value and triple-bottom-line (environmental, social, economic) returns on investment by tenants, partner organizations, and people working, living, learning, and playing in the region. | ||
'''Governance''' - Commongrounds is a real estate cooperative with two classes of ownership: Real estate tenant-owners (businesses and nonprofits), and members of the community. Financing and governance are completely disconnected, no tenant has more say than any other, no community members has any more say than any other regardless of financial contribution, which consists of ownership shares ($50) and what is effectively a collective/solidarity loan. | |||
Commongrounds is a real estate cooperative with two classes of ownership: | |||
'''Tenants''' | |||
* Food Hall: A five-stall food hall modeled after the Flint Social Club, focused on equitable business development and incubation. It will have a community kitchen with revenue sharing, and backbone support with mentorship) with central bar: Higher Grounds by day, Iron Fish Distillery by night. | * Food Hall: A five-stall food hall modeled after the Flint Social Club, focused on equitable business development and incubation. It will have a community kitchen with revenue sharing, and backbone support with mentorship) with central bar: Higher Grounds by day, Iron Fish Distillery by night. | ||
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* Artist retreat space: 1 bedroom with hotel room attached for curated guests. | * Artist retreat space: 1 bedroom with hotel room attached for curated guests. | ||
* [http://commongrounds.coop Website] | * [http://commongrounds.coop Website] | ||
* [https://localstake.com/businesses/commongrounds-cooperative/preview Accredited crowd-lending campaign] | |||
* [https://localstake.com/businesses/commongrounds-cooperative-cf/preview Non-accredited crowd-lending campaign] | |||
[[File:Commongrounds.jpg]] |