Working with Turner Construction Company, Gensler found that small co-living apartments could be developed for $123,300 to $238,700 each, including acquisition, design, construction, furnishing, and, where needed, seismic retrofitting. In all but one cityβHoustonβcosts ranged from one-third to half the price of developing new traditional studio apartments, which often run $400,000 each in large, high-cost cities.