Wednesday, June 26, 2019 / by Suyapa Sauceda
Just revealed by developers, Natiivo, a 50-story tower is planned in downtown Miami.
It is the first project in Miami to be “powered by Airbnb,” with units designed for short term rentals in partnership with Airbnb. 25 percent of income will be charged by Natiivo for management, plus another 3% Airbnb listing fee.
Featuring 604 total units, with just above 400 privately owned condos to be sold and the remaining 200 units retained by the developer to rent as hotel rooms.
Prices will range from $300,000 to $1.2 million dollars.
Units that are developer owned will include robes, slippers, in-room laundry, and kitchens that can be stocked with local meal kits upon request. Fresh cut flowers and a dog walking service are also mentioned as features to guests and residents.
Check-in for patrons through Airbnb will be keyless through an app, making the process simple and also transparent for unit-owners to overview.
Newgard Devel ...
Wednesday, December 19, 2018 / by Cyd Marseille Yardeny
The development team behind The Estates at Acqualina has closed on a $558 million construction loan on September 28, 2018 that will fund the vertical construction and completion of both residential towers at The Estates at Acqualina. The loan enables affiliates of the Trump Group led by Eddie, Jules and Stephanie Trump to complete the residential project where sales and construction of the South tower is already underway. The Trump Group’s ability to secure a loan of this size underscores the project’s appeal and the firm’s track record of development over the past four decades. Bilzin Sumberg partner Alexandra Lehson and Real Estate Department Chair Jim Shindell represented The Trump Group in the transaction. Gary Saul and Meredith Singer of Greenberg Traurig served as condominium counsel. The project broke ground in May 2018 and the South Tower is expected to top-off by December 2019 with expected delivery in 2020. The 154-unit south tower is over 65% sold, with s ...