Node Kitchener (65-79 Madison Ave S) | 4 fl | Proposed

[panamaniac]

$1600 for 1BR is definitely not inexpensive. I think their idea is that the "co-housing" has nice facilities/amenities and increases the attractiveness of the apartments. The concept hasn't been tested here yet, though, so it's hard to know whether people will accept it.

Yes, but the trade off would be smaller apartments and, one would hope, lower rent.  Otherwise there's not much point, unless it's to create a social life.