Pre-sales are strong at downtown Miami’s proposed 50-story Natiivo tower.
In just a few months since sales launched, there are already reservations for 50 percent of Natiivo’s 412 units, and reservations are now being converted into contracts.
Buyers will be able to rent out their units short term on any home sharing network.
“Natiivo Miami is outperforming the market, and sales are ahead of construction. We are going to contract, with 50 percent of the units presold” said Alicia Cervera Lamadrid, Managing Partner of Cervera Real Estate. “The pace at which this project is selling speaks volumes to how strongly the flexibility of home sharing resonates with buyers.”
The project has already been submitted to Miami’s Planning & Zoning Department, and groundbreaking is expected this year. There will also be 200 hotel units, in addition to the condos.
Amenities will include an exotic resort pool with pool-side cabanas, co-working space, private meeting rooms with a terrace, a state-of-the-art fitness center, a Peloton studio, a yoga lounge and a street-front restaurant with an outdoor dining terrace.
Completion is scheduled for early 2022.
Arquitectonica is the architect, with interiors by Urban Robot. Newgard Development Group and Crescent Heights Co-Founders Russell Galbut and Bruce Menin are the developers.
