National developer PMG and LNDMRK Development have broken ground on Twenty Sixth & 2nd Wynwood Residences after securing $126 million in construction financing for the eight-story boutique condominium rising at 2600 NW 2nd Avenue in Miami’s Wynwood neighborhood.
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Yupix Meta-Realty Virtual Tour of West Eleventh Residences
PMG, Lion Development Group And Marc Roberts Companies Launch West Eleventh Residences In Lavish District 11 Fashion
On Tuesday, March 14th, national developer PMG along with partners Lion Development Group and Marc Roberts Companies celebrated the official launch of West Eleventh Residences. The event took place at the lavish sales gallery for West Eleventh Residences, debuting the newly revealed scale model of the tower and complete with a Yupix meta-realty virtual reality experience as well as a whale ice sculpture at the champagne bar.
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PMG, Lion Development Group and Marc Roberts Companies Launch West Eleventh Residences In Collaboration With AirBNB
PMG, Michael Simkins’ Miami-based Lion Development Group, and Marc Roberts Companies have launched sales for West Eleventh Residences, their third luxury short-term rental tower in Downtown Miami’s hot Park West neighborhood now dubbed District 11. Located at 18 NW 11th Street, West Eleventh Residences will offer short-term rental flexibility and a first-time opportunity for owners to enjoy fully centralized management with the ability to host guests 365 days a year on Airbnb.
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RELATED, ROVR AND BH GROUP BEGIN VERTICAL CONSTRUCTION ON SOLD OUT DISTRICT 225 CONDOMINIUM
Real estate industry leaders Related Group, ROVR Development and BH Group have officially broken ground on the sold-out District 225. Located at 225 North Miami Avenue in Downtown Miami, the 343-unit property is a new luxury condominium tower offering residents the ability to host their condos on Airbnb for any stay length (subject to applicable laws and restrictions). Completion is slated for 2024.
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AirBNB Announces Global Party Ban And Occupancy Cap
One of the leading homesharing platforms, AirBNB, has announced a global ban on all parties and events at Airbnb listings, including a cap on occupancy at 16. This party ban applies to all future bookings on Airbnb and it will remain in effect indefinitely until further notice.
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The Arquitectonica-Designed Short Term Rental Project Natiivo In Downtown Miami Reveals New Renderings
Harvey Hernandez’s Newgard Development’s NGD Homesharing and Russell Galbut’s Crescent Heights have revealed new renderings of the Arquitectonica-designed Natiivo, a 50-story tower planned in Downtown Miami next to Miami WorldCenter.
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Newgard Development & Crescent Heights Propose Natiivo Tower In Downtown Miami "Powered By AirBNB"
Harvey Hernandez’s Newgard Development’s NGD Homesharing and Russell Galbut’s Crescent Heights have proposed Natiivo, a 48-story tower planned in Downtown Miami next to Miami WorldCenter. The project, which is designed by Arquitectonica with interiors by Urban Robot, will be “powered by AirBNB” and will feature units specially designed to operate short term rentals.
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AirBNB Reports $204 Million Of Host Income In Miami-Dade In 2018, Up 52% Year-Over-Year
AirBNB has reported that hosts in Miami-Dade took in a whopping $204 million in 2018, up 52% from the $134.6 million in 2017. The county led all of Florida, followed by Osceola County and Broward County at $82.6 million and $80.3 million respectively. AirBNB hosts in Florida took in $810 million in 2018.
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Demetri Demascus of PROFILEmiami & Ben Breit of AirBNB
Inside PROFILEmiami Presents An In-Depth Exploration Into Short Term Rentals In Miami & South Florida
PROFILEmiami, Miami's leading real estate news platform, presented an in-depth exploration into the controversial topic of short term rentals in Miami and South Florida. The sold-out event was attended by local leaders, luminaries, real estate investors, real estate professionals and many who have encountered Miami Beach's infamous short term rental fines.
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Airbnb and Illegal Rentals in Miami
In the dense tourist neighborhoods of South Beach, Miami lie a variety of different hotels, however, some tourists opt to - intentionally or unintentionally - illegally rent places to stay Airbnb or other properties available through home-sharing platforms like Vacayo, Booking.com or Expedia’s HomeAway.
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