Office condos planned at Russell Galbut and Harvey Hernandez’s Natiivo

Airbnb is no longer branding the project amid litigation between the developers

Mar.March 09, 2020 08:45 AM
Russell Galbut and Harvey Hernandez, with Natiivo

Russell Galbut and Harvey Hernandez, with Natiivo

UPDATED, March 9, 1:15 p.m.: The commercial arm of One Sotheby’s International Realty is launching sales of office condos at Harvey Hernandez and Russell Galbut’s mixed-use Natiivo project in downtown Miami.

One Commercial Real Estate will be starting sales this month for 104 office condos at the project planned for 159 Northeast Sixth Street. The office component, called Creative HQ, will be on floors five through eight of the 51-story building. The office condos, which total 130,000 square feet, start in the $290,000s.

They’ll range in size from 431 square feet to 2,499 square feet. Amenities will include open floor plans and 13-foot ceilings.

The project, designed by Arquitectonica with interiors by Urban Robot, also includes 412 residential condos and 192 hotel rooms. It was previously planned to be an Airbnb-branded hotel project, where unit owners would be able to put individual rooms or entire units on the Airbnb platform. A spokesperson said Natiivo is no longer an Airbnb-branded project. It’s now open to all home sharing companies.

That announcement comes a month after Airbnb sued a company tied to Hernandez over a partnership between the two to offer Airbnb-branded apartments at Niido projects. Airbnb alleges Hernandez siphoned off $1 million in the form of a loan from the partnership into the Natiivo project. Hernandez has filed a counter suit and disputes that the loan was illegal.

Natiivo is expected to break ground in the summer and open in late 2022, according to the spokesperson. The project is about 50 percent sold.

Other examples of office condos in South Florida include TSG Group and BF Group’s 54-unit, nearly 100,000-square-foot office condo building in Coral Gables, in addition to projects in the Aventura area.

Correction: A previous version of the story incorrectly reported the square footage of the office component. 

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