343-Unit Downtown Miami Tower Planned Without Parking Now 100% Sold, Groundbreaking Set

Developers say they have seen an “overwhelming response” at the District 225 tower planned in downtown Miami, with 100% of units now sold.

The 37-story tower is planned to be built without a parking garage.

The project is also unique in that it has a first-of-its-kind agreement with Airbnb allowing direct listing on the platform.

“We launched District 225 as an experiment of sorts. And while we knew this unique product would resonate with buyers, the demand has surpassed even our most optimistic projections,” said Jon Paul Pérez, President of developer Related. “Related has long been at the forefront of trends, and we are proud to once again be at the cutting-edge of the market.”

In a press release, the developers said that groundbreaking is now expected to take place in the third quarter of 2022.

Related Group is developing the project with partners ROVR Development and BH Group.

The developers said the buyer group was diverse, with young professionals, domestic transplants and remote workers who value flexibility among them. Latin American buyers also make up a significant portion of sales, with upwards of 50% of buyers hailing from Colombia, Mexico and Argentina.

Units are being deliver fully finished and furnished.

Atlantic & Pacific will professionally manage the building, with staff trained to handle all aspects of Airbnb hosting, including listing, marketing, maintenance and cleaning.

 

 

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Anonymous
1 month ago

You mean not every buyer wants or needs parking? Well I’ll be damned!

Melo is sigma and chad
1 month ago

Its going to be majority air bnb and short term apartments.

Anonymous
1 month ago

So is Club at Brickell Bay and yet they have parking.

Zz01
1 month ago

@anon i think the point they were trying to make is that NOT having parking and having a sell out doesn’t prove that the broader market doesn’t want parking because it’s a project oriented towards non-residents. Not saying I agree with the implication that “no parking” buildings for normal residents won’t sell out. Just clarifying.

Anonymous
1 month ago

Thanks but “Melo is sigma and chad” basically lives on here. He can clarify for himself. 🙂

Anonymous
1 month ago

Because buyers are the people that work in Brickell or from home. The loop is free and the Fresh market us clse by. Life like in NYC. Nothing new. For everything else, you uber. Saves parkibg fees, car insurance and gas.

Julio
1 month ago

The Crosby sold out in 3 months and has no parking

Anonymous
1 month ago

Don’t tell Joe Carollo! He’ll insist that the first 12 floors are parking deck.

Not Anonymous
1 month ago

Carollo’s last brain cells are startled by the news

Says Me
1 month ago

Airbnbs are fun to visit. Not to live in.

Aurélien
1 month ago

Without a parking garage ? 😱

Bandit
1 month ago

“bUT EveRyOnE WaNts to DrIVe EveRYWheRe!”

Anonymous
1 month ago

So walk everywhere you want to go, nobody is stopping you.

A Nonymous
1 month ago

“staff trained to handle all aspects of Airbnb hosting …”
They left out noise complaints, police calls, and damage to public areas.

Anonymous
1 month ago

well I think the Miami Dade Police Department is around the corner…. that makes it a great location for this project filled with “activity”.

Anonymous
1 month ago

the building will have its equivalent of “campus police” various colleges have. They’ll have their own special police division jsut for the building lol

Anonymous
1 month ago

opera tower 2.0. I would never buy a unit in an Airbnb building

Anonymous
1 month ago

Great! Then don’t.

Anonymous
1 month ago

He felt it very important to tell us that.

Anonymous
1 month ago

It will be great for meeting lots of different people and have lots of sex!

Anonymous
1 month ago

Go to Flamingo South Beach or Vizcayne instead.

Anonymous
1 month ago

Opera Tower was built years before Airbnb and went through a market crash and absentee landlords renting out the condo units.

Alpha Melo
1 month ago

It’s hard to believe that miami was struggling to fill vacancies. Oh how the times have changed.

IHateBrokerBabble
1 month ago

and the developer kept a shotLOAD of unsold units and rented them.. = Sh*tShow

HeyItsMe
1 month ago

The new filiming location for the next 5 seasons of Bangbros and Blacked.

Anonymous
1 month ago

Melo’s Downtown 5th would be a better accommodation because they want balconies for that s**t.

Anonymous
1 month ago

Units without a garage and aimed at short rental, via AIRBNB. Miami’s real estate market is so hot that there’s room for all kinds of products.

Just Saying.
1 month ago

except the kind for non-millionaire residents

Anonymous
1 month ago

But all thte armchair developers said that you *must* build parking or else you will not receive bank funding nor will people purchase.

Just here
1 month ago

I can smell the weed and hear the fights in the hallways already.A Beautiful building adorned with empty hennessy bottles in the lobby. Used condoms thrown off the balconies, float like butterflies as you take in the miami skyline. Lovely Escorts will be walking around in bikinis awaiting your arrival. Make sure you wear your rolex so you too can be their next victim. Cant wait!

Anonymous
1 month ago

Gee, you must stay in Airbnb places a lot and that’s how you know all that?

Antennae
1 month ago

This concept is very appealing to anyone wanting a 2nd, third or pied a terre property. No worries and basically, it can pay itself with the rentals. I’m sure with the success of this one, we’ll see more coming. It’s also great they provide no parking.

Anonymous
1 month ago

Yep! Looking to buy my second property in one of these Airbnb buildings soon actually. Considering this one, Nativo or the new Lofty in Brickell. I love that I can rent it out when I want and still have a place to crash in Miami when I want to visit.

Ciparoo
1 month ago

I wonder tho, do most tourists visiting (assuming that will be majority of users) have rental cars?

Anonymous
1 month ago

I thought it was because they can get around faster?

Mattjam2
1 month ago

There’s a thing called Uber that can help with that itch . No prescription needed.

Anonymous
1 month ago

Awesome! now let’s build an amazing public transportation system or these people will have to walk everywhere…

Anonymous
1 month ago

Yeah.. they’ll just ignore the Metrorail and Mover and walk everywhere…

Oh brother…

Melo is sigma and chad
1 month ago

Will provide much needed infill and foot traffic to downtown. Eventually from the brightline station to paramount tower will be apartments on every block.

Anonymous
1 month ago

Carollo can suck it

Anonymous
1 month ago

Another Airbnb tower proposal: building tomorrow’s flophouses today.

Anonymous
1 month ago

those parking podiums make buildings more expensive and it takes longer to build

Anonymous
1 month ago

More expensive and uglier.

Name
1 month ago

Just another long stay hotel.

Mr. G
1 month ago

Will definitely make that my new Uber base!!!

Anonymous
1 month ago

NO MORE AIRBNB BLDGS

Tony Torre
1 month ago

Uber drivers will love this building

Gib
1 month ago

Working remotely. Uber. Door Dash. Instacart. Etc. No car needed.

Anonymous
1 month ago

We doan need no stinkin parking garages!

Anonymous
1 month ago

Manolo reyes please read this article

Cryptbrohanson
1 month ago

Ball soup walks to look forward to.

Omerta
1 month ago

Valet deal with it.

Pickles
1 month ago

Not too bad for Related group.

Jesantoni
1 month ago

Probably the idea to build such a tower without parking lot is to encourage the tenants to use little boats to move around even using the Miami River to travel to the Miami Airport.
Long time ago I did use to travel from coconut Grove to downtown of Miami in a 16 footers boat mostly at daily basis.

SURFBOARD
1 month ago

They can exit the bldg and feed the meter for street level municipal parking every 8 hrs