Natiivo Co-Developer Has Been Sued By Airbnb, Which Wants Out Of Contract

Just two weeks ago, brokers for downtown Miami’s planned 50-story Natiivo tower issued a press release saying the tower was 50% reserved.

Now, there is a report by the FT that a co-developer of the project has been sued by Airbnb.

In the lawsuit, Newgard Development Group and founder Harvey Hernandez are accused by Airbnb of stealing funds and fraudulent documents.

Natiivo was planned to be built with Newgard as a co-developer with another Miami developer. The project was marketed as being powered by Airbnb, although other home sharing options would also be allowed.

Newgard was also said to be planning another similar tower in Edgewater in partnership with Airbnb, either under the Natiivo or Niido brand.

The Newgard-Airbnb partnership has progressed much slower than the partners first announced, with only two buildings completed. Airbnb wants out of the Newgard contract, but still plans to pursue the concept.

 

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Anonymous

This article is so inaccurate I don’t even know where to begin, first of all, If you look at the actual lawsuit filings, neither “Natiivo” or “Newgard Development” are part of the lawsuit. The accusations are against NGD Homesharing which is another entity created to build rental communities in partnership with Airbnb.
Also, Airbnb is not funding this project, nor do they have any say so in anything that goes on at Natiivo. The developer was using them for marketing purposes, this project is not an “Airbnb“ project, this is a condo hotel that allows short term rentals in any and all peer to peer booking platforms. Also project is definitely getting built, they have pre-sold over 50% in record time and the concept is very unique.
Shame on TheNextMiami for writing such an inaccurate article. You need to find out what is the truth before you publish it! It’s not just about publishing some news.

Anonymous

Forbes and the SFBJ ran similar stories to this one. I hope your right, but TNM is not the only source reporting this.

Anonymous

Perform a litigation search on Harvey Hernandez and if you like what you see buy units from him.

Anonymous

The Next Miami Linked to the Finacial Times article that broke thr story.
It’s tough to spin this if the allegations are true.

When similar projects are up and open, one wonders why this is so slow if not mismanagement of the project.

Anonymous

Keyword being “spin”

Anonymous

This is for sure some dumb Cervera agent justifying the project. Its going to be canceled!

Anonymous

Niido used Airbnb to help sell their concept and get funding. Now Airbnb no longer wants to be attached to this failure hybrid residential + STR concept so they don’t have this crap shoot when they go IPO

Anonymous

Never been fan of this concept, it gives a good excuse to the developper to sell very low end units at a very very high $/SQFT, because it can be rented daily. what if rules change in the futur ? you end up with a studio, paid for $800 / Foot.

Anonymous

Not gonna happen, because the building will have a hotel license, even if laws change against short term rentals (as is the case today in Miami Beach) If you are an owner in a condo hotel you can still rent short term, that’s what the hotel license is for.
Also even without the hotel license, If it’s approved by the condo docs and the land allows for transient use, even if laws change the condo will get grandfathered in, as is typically the case in Miami.

Anonymous

Great way to ruin a project before it even starts

Anonymous

Ugh….everything related to Cervera is shady….

Anonymous

Shady Harvey…Just look at prior projects…Parking Robots, etc. SHADY!

Anonymous

Harvey Hernandez/Newgard getting sued for some shady shit? What’s next, the sun setting in the west?

Anonymous

Forget this nice project getting built this decade. Shame.

Anonymous

Now the people who gave down payments might sue because this project was marketed for airbnbs. Lets see if its going to now stay an empty lot for a decade 🙁

Anonymous

They can do spot hero

Anonymous

That would make sense for both of them. Spot hero could get more name recognition.

Anonymous

If this project goes belly-up, I hope the next plans for that lot comes with a better architectural building design.

Anonymous

The architecture is the most appealing thing about this project

Anonymous

Please.. I like Melo’s designs better.

Anonymous

The is base ninety-nine percent better than most recent buildings, and even as a box, it’s better orderly and neat than Melo’s schizophrenic barcode towers.

Anonymous

Com’on… this thing looks like 50 stories of ho-hum.

Shawn Kouri

So what now?

Anonymous

When airbnb has that much pull … i don’t think its a good thing. Even if they eliminate other developer will airbnb stay on?

Anonymous

There is no tax revenue from Airbnb, people.

Anonymous

?

Anonymous

Actually, Airbnb automatically collects and remits sales tax, Miami-Dade tourist tax, and Miami Beach’s resort tax.

Anonymous

Oh really, after years of claiming the inability and lack of responsibility to do so?

Anonymous

Everyone needs to get out of the old 1990s era and move into the 2025 Airbnb homesharing of today. We need to embrace this concept in our local laws and our condo docs or get left out in this new fasting moving world.

Anonymous

Yea. Let’s have a neighbor on Tuesday that is drunk. On Wednesday someone that parties till 3am. On Thursday a drug dealer. Great future.

Anonymous

Yep. Just ask the folks that actually live at one of the NIIDO properties

Anonymous

Room sharing has been around for as long as Farmer’s Daughter jokes and the room for rent over the horse carrige house or pub.

Anonymous

Yes, but with no phone apps.

Anonymous

When Airbnb and other OTA bring their headquarters in Miami and create high payable jobs,local authorities will let free short term rentals.