Natiivo Tower is already Half Reserved; it will break ground this year
January 17, 2020All it’s good at the proposed 50-story Natiivo tower, where within just a few months of sales, half of the building is already reserved. Reservations are now being converted into contracts.
The future owners of Natiivo’s 412 units will be allowed to rent their units for short term periods 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 was submitted to Miami’s Planning & Zoning Department, and groundbreaking is awaited for some time this year. There are also 200 hotel units being planned, in addition to the residences.
Amenities will include a pool with pool-side cabanas, a co-working space, a state-of-the-art fitness center, a Peloton studio, a yoga lounge, private meeting rooms with a terrace, and a street-front restaurant with an outdoor dining terrace.
The project’s conclusion is expected in early 2022.
Natiivo has Arquitectonica as the architect, and Urban Robot is responsible for the interiors. Newgard Development Group and Crescent Heights Co-Founders Russell Galbut and Bruce Menin are the developers.
