Airbnb to open condo tower ‘Natiivo’ in Miami
Miami’s first Airbnb building is downtown. The 48-story tower, named Natiivo, will have 604 residential units – 412 condominiums and 192 hotel rooms – all of which can be rented and managed by the short-term rental giant.
The Legacy Hotel & Residences – with a 1 acre pool deck – is helping buyers rent out their digs.Royal Palm Companies
Better still, the right of condo owners to list their homes for extra money is grandfathered with the city. “The way people visit and experience Miami is changing, and Natiivo’s partnership with Airbnb underscores that,” says Newgard Development Group developer Harvey Hernandez, who works on similar projects in Orlando. Austin, Texas; and Nashville, Tenn. “We wanted to partner with a well-known hotel brand to improve our guest experience.” The famous architecture firm Arquitectonica from Miami is designing the tower, which includes a large pool deck and is due to open in spring 2022. More than 50 percent of the units, starting at $ 300,000, have already been sold. But Natiivo isn’t the only new development in Miami that offers residents the option of renting out their apartments.
In November, Royal Palm Companies (the developer of Paramount) started sales for Legacy Hotel & Residences, a condominium hotel with 278 residences, 255 hotel rooms and a 1-acre pool deck attached to the Miami Worldcenter. The building, also slated to open in 2022, will give owners access to more than 20 digital rental brands such as Airbnb and Vrbo. Units also start at $ 300,000.