Natiivo Miami Breaks Ground, Blazes Trails In Home Sharing
The first Miami, Fla. groundbreaking since the pandemic’s dawn takes place this morning, when construction on Natiivo Miami from developer Sixth Street Miami officially gets underway. The significance of the development doesn’t just rest on it its stature as the first Miami groundbreaking of 2021. Natiivo Miami also stands as the first Miami development purposely designed, built and licensed for home sharing.
The property offers a unique ownership experience that gives buyers hotel-quality services, amenities and luxuries, while also allowing those purchasers the option of listing the residence on any home share platform they choose. Owners can opt to rent their Natiivo Miami condominiums 365 days a year, or long-term to a single renter. The guest stay is facilitated by Natiivo Miami’s MasterHost, who handles the details of the rental, allowing the owner of the residence the luxury of worry-free travel.
A confluence of factors made this the right time and place for this development. According to Natiivo Miami, almost one in four Americans have had experiences with short-term rentals. That 23% figure is up dramatically from the 6% of several years ago. By next year, global short-term rental sales are anticipated to tally $132.5 billion, and the 10 million listings will be almost triple of just nine years ago.
Fueling the surge are families traveling with children, 71% of which report ability to prepare their own meals and save on the daunting cost of dining out proved a prime reason for selecting a vacation rental. When it comes to owning short-term rentals, Miami is fourth most profitable metro in the U.S.
Among the amenities are a pool with pool-side private cabanas, fitness center with yoga lounge and private Peloton studio and 24/7 co-working space for meetings.
Natiivo Miami’s fully-finished and furnished apartments, curated by interior design company Urban Robot, offer panoramic views of both cityscape and waterfront.
The residences available extend from studios of approximately 400 square feet up to three-bedroom, three-bath dwellings measuring almost 1,400 square feet. The community will deliver 448 condominium residences, 140 condominium hotel residences, a 100-room hotel and a private social club branded as Natiivo Social.
The social club will offer 70,000 square feet of amenities, as well as culinary amenities from LDV Hospitality. LDV’s Dolce Mercato will serve up authentic Italian fare in a sophisticated food hall with a sit-down eatery’s warmth and service. Additional branded experiences will include Bodega Taqueria, known for genuine Mexican street food; and Gale Miami Hotel and Residences, South Florida’s third Gale Hotel. Also featured will be Creative HQ, offering 127 for-sale office condos under one roof.
Natiivo Miami came to market two summers ago. Since then, Cervera Real Estate, the exclusive sales team for Natiivo Miami, has sold 220 units, better than half of the residence total. The sales tally is evidence of the belief in home sharing’s future among buyers arriving from the Sunshine State, the rest of the U.S. and abroad.
The success in the face of unforeseen levels of pandemic-related adversity rests on the sales team’s thorough understanding of the international experience and Miami market. But not to be overlooked is the development’s central location, steps from much of what downtown Miami has to offer, which includes an ever-growing array of cultural venues, restaurants, green space, shopping experiences and more. They include the Bayside Marketplace, American Airlines Arena, Maurice A. Ferre Park, the Phillip and Patricia Frost Museum of Science, and Miami Metromover transit stations.
“With the migration to South Florida and the recent announcements of high-profile tech and finance companies relocating to and expressing interest in Miami, the continued growth of Downtown is imminent,” Keith Menin, Natiivo Miami hospitality entrepreneur and developer, says.
“We are confident that Natiivo Miami will play an integral role in this growth and are excited to forge ahead in construction. We’re optimistic for 2021 and hope to set the tone for the Downtown Miami market with the first groundbreaking of the year.”