Construction is continuing at the second phase of Caoba Miami Worldcenter, according to a photo by Ryan RC Rea.
Caoba will have a total of 855 apartments and 888 parking spaces. It is reportedly owned by companies linked to Flow founder Adam Neumann.
The first 43-story Caoba tower with 444 units was completed in 2019, along with the 888-space garage and ground floor retail.
The second tower broke ground this year and will have 411 units in 40 stories.
In addition to Caoba Miami Worldcenter, companies linked to Neumann are said to have recently purchased Yard8 in Midtown Miami (387 apartments) and Society Las Olas in Fort Lauderdale (639 units).
According to the New York Times, Neumann’s new venture called Flow will launch in 2023, and will operate the apartment buildings that have been purchased while also managing others.
The goal is to entirely rethink the apartment market, similar to how Neumann’s WeWork transformed the office market.
(photo: Ryan RC Rea)
