Downtown Miami Airbnb-branded hotel-condo project launches sales

Cervera was tapped to handle sales of the 400 Natiivo-branded units

TRD MIAMI /
Jun.June 18, 2019 02:30 PM
From left: Russell Galbut, Harvey Hernandez and a rendering of Natiivo

From left: Russell Galbut, Harvey Hernandez and a rendering of Natiivo

Developers Harvey Hernandez, Russell Galbut and Bruce Menin launched plans for their first Airbnb hotel-condo project in South Florida.

Hernandez’s Newgard Development Group and Crescent Heights senior principals Galbut and Menin are partnering on Natiivo at 190 Northeast Sixth Street in downtown Miami. Natiivo is a new brand from Hernandez’s company, NGD Homesharing.

The 48-story tower, with roughly 600 units, will have about 400 condos and 200 Natiivo hotel units, according to a release. Cervera Real Estate was hired to handle sales and marketing of the condo units. The project, designed by Arquitectonica, is expected to open in the spring of 2022. Urban Robot is handling interior design.

Prices start at $300,000.

With Natiivo, Airbnb provides design consultation for the common areas and interiors. Unit owners will be able to put individual rooms or entire units on the Airbnb platform. If the unit owners join Airbnb’s Friendly Buildings Program, hosts and NGD Homesharing would share the revenues generated from renting the units out on Airbnb.

While the project is the first to use the Airbnb brand in South Florida, it’s not the first to allow for short-term rentals. Aria Development Group and AQARAT are building YotelPad Miami, a 31-story tower with 231 condos and 222 Yotel “cabins,” or small hotel rooms, at 227 Northeast Second Street in downtown Miami. Unit owners will be free to use the hotel rental program or rent their units out without restrictions.

In a profile of Galbut in The Real Deal’s summer issue, the Crescent Heights developer said that he’s working with Hernandez on a second Niido project in Edgewater. The firm is also working with Hernandez on an apartment tower at Miami Worldcenter.

The developers also announced plans to build a 33-story Natiivo project in downtown Austin’s Rainey Street District, according to the release.


Related Articles

arrow_forward_ios
The Julia hotel, Jesper Arnoldsso

SMS Lodging lists Miami Beach hotel after selling another for $21M

Ross Dress for Less

Ross Dress for Less signs lease at historic former Burdines building in downtown Miami

From left: Stambul’s Daniel Peña, Hotusa Group's Amancio López Seijas and Langford Hotel at 121 SE 1st Street (Credit: Google Maps and Hotusa)

Hotusa Hotels buys the redeveloped Langford for $37M

Miami Beach Mayor Dan Gelber and Natalie Nichols home at 1531 Stillwater Drive (Credit: Getty Images)

Miami-Dade judge strikes down Miami Beach short-term rental ban

Jeffrey Soffer and the Diplomat Beach Resort (Credit: Getty Images)

Jeffrey Soffer in talks to buy 1,000-room Diplomat Beach Resort for under $1B: report

Proposed Galbut residence at 4260 Pine Tree Drive and Russell Galbut

Russell Galbut wants to build a modern mansion on Pine Tree Drive

Matis Cohen and Marisa Galbut with the 72nd and Park rendering

Matis Cohen and Galbut family score board approval for North Beach project, to include apartments and micro-units

Cavalier and Henrosa hotels with Susan Gale of One Sotheby’s International Realty

Two South Beach hotels hit the market for $42M

arrow_forward_ios