10.08.2017 Views

The sharing economy

New opportunities, new questions Global Investor, 02/2015 Credit Suisse

New opportunities, new questions
Global Investor, 02/2015
Credit Suisse

SHOW MORE
SHOW LESS

Create successful ePaper yourself

Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.

GLOBAL INVESTOR 2.15 — 37<br />

2<br />

1 Architect and founder<br />

of the pop-up service<br />

miLES, Eric Ho.<br />

2 Listings of pop-up<br />

storefronts available on<br />

madeinles.org<br />

3 Minimalist design<br />

makes optimal use of the<br />

limited space at this<br />

Lower East Side pop-up.<br />

4 Fashion and accessories<br />

are among the<br />

wide range of miLES<br />

shopping options.<br />

5 Looking for a bite to<br />

eat? Pop-up restaurants<br />

abound in the now<br />

revitalized Lower East<br />

Side of New York City.<br />

Pop-ups<br />

transform NYC!<br />

madeinles.org<br />

1<br />

4<br />

A walk along a street filled with vacant storefronts<br />

in an otherwise thriving New York neighborhood<br />

prompted architect Eric Ho to start the civic-minded<br />

pop-up service miLES in 2012. <strong>The</strong> idea was<br />

simple: connect the organizations and people who<br />

want to use the space on a temporary basis with<br />

the owners who need to rent it. Through miLES,<br />

organizations can book a pop-up storefront and work<br />

with the team to develop the space in New York’s<br />

Lower East Side and beyond. <strong>The</strong> pop-up storefronts<br />

have been used to sell designer purses, serve up<br />

gelato and Thai cuisine, watch films, host art shows<br />

and hold classes on salary negotiations and energy<br />

management.<br />

3<br />

5<br />

Global Investor: How has miLES changed the Lower<br />

East Side for the better?<br />

ERIC HO: We cultivate diversity within the neighborhood.<br />

miLES has enabled more than 100 pop-up uses, including<br />

for emerging brands, small businesses and the<br />

creative community who do not have access to commercial<br />

spaces. We are starting a movement where the<br />

neighborhood does not always have to be filled with bars,<br />

cafes, restaurants and retail chains, but independent<br />

activations that anyone who has an idea can start.<br />

How popular are these pop-ups?<br />

ERIC HO: We have received over a thousand requests<br />

over the two years since we started to operate. <strong>The</strong><br />

most inspired use we had was a project called the<br />

“Strangers Project.” <strong>The</strong> founder of the project has collected<br />

anonymous stories of strangers on the streets<br />

of New York and other places. <strong>The</strong>y filled our space with<br />

over 600 of these stories where people talked about<br />

the deepest aspects of humanity and their lives. This<br />

exhibit attracted the most diverse audience.<br />

miLES worked earlier this year with ETH Zurich for<br />

the Ideas Festival. How was that collaboration?<br />

ERIC HO: <strong>The</strong> experience with ETH Zurich was great!<br />

<strong>The</strong>y had a storefront right across from their paper<br />

pavilion for their assembly process, instead of a warehouse<br />

space far away in a different neighborhood.<br />

What are your views on the <strong>sharing</strong> <strong>economy</strong>?<br />

ERIC HO: <strong>The</strong> <strong>sharing</strong> <strong>economy</strong> is simply providing shared<br />

access to resources, which is something that humans<br />

have done for many centuries. It is just that now it is<br />

enabled by technology and access becomes much<br />

easier, and it has added a component of creating trust<br />

between strangers.

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!