Ori, a robotic-furniture company based in New York and Boston, is building expandable apartment units that are designed to save residents space and money amid a growing national affordability crisis, Insider reports. The company is offering four types of expandable apartment designs ranging in price from 5,000 to $11,000: the pocket closet, pocket office, pocket studio, and cloud bed.
Transformable spaces offer a twist on traditional tiny homes with built-in adjustable furniture that can be expanded through the system's smart technology for use or concealed tightly to maximize square footage.
Ori's CEO said expandable apartments are long overdue. "Real estate is one of the oldest industries in the world, and it's hard to change the way things have always been done. Transformable spaces are not new, but they've been outdated and bespoke for far too long," he added.
Related Stories
Smart Home
Smart Homes Enter the New-Home Mainstream
A new survey of home builders reveals a greater proliferation of connected home systems and devices across all price points nationwide
Home Technology
Smart Home Tech Will Take a More 'User-Centric' Route in the Next Five Years
Advancements in smart home technology will create a more holistic experience for users by 2027, according to these industry pros
Home Technology
Voice-Controlled Tech on the Rise With Home Builders and Designers
Voice technology is becoming an essential, not optional, staple of future homes
