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.