An Airbnb-backed developer is building condos made for home sharing by samsharf
Share to twitterA rendering of Natiivo's Downtown Miami condo building, which will be 48 stories, with 400 units for sale and 200 hotel units.Miami-based real estate developer Newgard Development Group announced Tuesday that it will open condominium towers purpose-built for home sharing. Operated under the brand Natiivo, the properties in Miami and Austin will be part of Powered by Airbnb, the home-sharing platform's consulting business for new buildings.
List prices in Austin will range from $300,000 to $1.2 million. Local real estate firm Pearlstone Partners is co-developing the property. Newgard founder Harvey Hernandez are also behind Niido, which provides the same home-sharing services to renters that Natiivo will offer to owners. "We really wanted to have Niidos in every major city in the U.S., but there are a ton of regulatory challenges in cities where we want to have a presence," Hernandez says."So we came up with a brand that provides an opportunity for us to have that presence and also comply with every major city's regulations and restrictions."
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