The concept of an apartment complex built for Airbnb appears to have won over investors: West Eleventh’s 659 units are nearly sold out, at an average price of about $800,000, says Ryan Shear, managing partner with Property Markets Group, the tower’s developer. Buyers can choose to live there full-time, but their condo fees pay for a concierge who handles the logistics of renting their units out for short-term stays on Airbnb , from check-in to cleaning.
Scattered throughout downtown Miami and neighborhoods around it are other plans for developments, including the Elser Hotel and Residences, NoMad, Smart Brickell, Domus Brickell Park, and The Crosby. There’s also District 225, another project Airbnb has partnered with that has also sold out, which offers a resort-style pool, a bar, and coworking space.
Infrastructure Airbnb Urban Planning Housing Sharing Economy Miami
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