Sharing Co transforms the Juanse Pharmacy in Malasaña into a coliving with 18 rooms and five tourist apartments.
New transformation in the capital’s alternative living. In a decision that has surprised many Malasaña residents, the emblematic building that housed the historic Farmacia Juanse will be transformed into a coliving space. The news has generated uproar in the local community, as the building, with its unique architecture and long history, has been a landmark in the neighborhood for decades, according to El Confidencial.
The project to convert the Juanse Pharmacy into a coliving has been presented by Sharing Co, a local real estate company that seeks to adapt the property to new trends in shared housing. It is hoped that this initiative will not only revitalize the building, but also attract a new generation of residents interested in this type of modern, collaborative space.
The building will house 18 rooms for coliving and five tourist apartments for temporary rentals. In addition, three premises of great cultural and historical value will be preserved on the first floor, with the intention that they will be occupied by a single group dedicated to catering.
The Juanse Pharmacy, founded in 1920, has been an iconic place in Malasaña, known for its art deco façade and its long tradition in the neighborhood. Many neighbors have expressed their nostalgia at the news of its transformation, highlighting the cultural and sentimental importance this building has had for the community over the years.
On the other hand, some residents have expressed concern about the impact this conversion could have on the traditional character of the neighborhood. They fear that the arrival of a coliving could change the social and cultural dynamics of Malasaña, affecting the unique identity that characterizes it.
The company responsible for the project has assured that the original architectural elements of the building will be respected and that it will seek to integrate the new coliving concept harmoniously with the surroundings. The adaptation works are expected to begin in the coming months and the new space will be ready for its inauguration by the end of next year.
