By Terry Trucco
Last year at this time it looked like New York City would have the honor, such as it is, of being home to the world’s first hotel boasting interiors designed with input from you and me — crowdsourcing, in other words.
Prodigy Network, a real estate development firm known as crowdfunding pioneers, launched an online competition seeking designs for 17John, an extended stay Financial District property dubbed a “cotel,” short for collaborative hotel — get it? With $50,000 in prizes up for grabs, 70 firms from 20 countries submitted designs for private and public spaces with the winners chosen by a riff on the American Idol model — a mash-up of public voting and jury selection. (more…)