Natiivo Miami Reaches Major Sales Milestone
Sixth Street Miami Partners LLC, owned by GFO Investments, and Cervera Real Estate are thrilled to announce a major sales milestone for Natiivo™ Miami. The first development purposefully designed, built and licensed for homesharing has reached over 300 sales and is now over 70 percent sold. This major sales milestone comes on the heels of commencing construction and breaking ground last month in Downtown Miami. Spearheaded by hospitality entrepreneurs Keith Menin and Marisa Galbut, Natiivo™ Miami, the master-planned development, is slated for completion in summer 2023.
Cervera Real Estate, led by Managing Partner Alicia Cervera Lamadrid, has seen a surge of interest since the groundbreaking and have sold 50 units at Natiivo™ Miami in the 45 days since the event. The development has also witnessed domestic interest from out of state buyers, including New York, Washington D.C., Texas, New Jersey, Wisconsin, California, Washington State and Illinois. In 2021 alone, Cervera Real Estate has completed 60 sales and has noted an uptick in millennial-aged buyers.
“As the Miami real estate market continues to thrive, I believe our sales success is a testament to the need for this kind of short-term rental product in the market, not only in Miami but also nationally and internationally,” said Alicia Cervera Lamadrid, Managing Partner of Cervera Real Estate. “Natiivo™ Miami is incredibly unique in that fact that every aspect of the short-term rental management process is streamlined with turnkey solutions, resulting in real estate that truly works for today’s buyer. Now more than ever, buyers want flexibility to live and stay however they please, and at Natiivo™ Miami, that is what we can deliver.”
Natiivo™ Miami is a vertically-integrated community that incorporates 448 condominium residences, a 240 unit hotel, a private social club called Natiivo™ Social, with 70,000 plus square feet of amenities, with a culinary experience curated by LDV Hospitality, and office space for lease, all under one roof. The development recently announced the addition of three coveted Miami brands, Dolce Mercato, also from LDV Hospitality, offering authentic Italian cuisine with the feel of a sophisticated food hall and the charm and service of a sit-down restaurant; Bodega Taqueria, South Florida’s iconic spot known for its authentic Mexican street food; and Gale Miami, the third Gale Hotel property in South Florida.
“It was a thrill to celebrate the groundbreaking of this one-of-a-kind development last month, and we are beyond excited after achieving this incredible sales milestone,” said Keith Menin, developer of Natiivo™ Miami. “We are poised for continued success as we forge ahead with construction and move closer to delivering residents with an exceptional Natiivo™ Miami experience.”
About Natiivo™ Miami
Developed by Sixth Street Miami Partners LLC, Natiivo™ Miami will stand 51 stories high with 448 condominium residences and a 240 room hotel called Gale Miami, operated by Menin Hospitality. Natiivo™ Miami will feature bespoke, luxury amenities with a South Florida flair, including the private social club Natiivo™ Social, curated by LDV Hospitality, featuring a resort style pool with pool-side cabanas, specialty restaurant, bar and speakeasy, working space, private meeting rooms with a terrace, state-of-the-art fitness center with a boxing ring, and a Pilates and yoga lounge; Creative HQ, Miami’s first-ever creative office space; restaurants Dolce Mercato by LDV Hospitality, a street-front restaurant with an outdoor dining terrace, and Bodega Taqueria, by Menin Hospitality, a new spin-off concept of the iconic Bodega Taqueria y Tequila. Natiivo™ Miami is designed by award-winning firm Arquitectonica, with interiors by Urban Robot Associates. Cervera Real Estate is the exclusive sales team for the project and is slated to open in Summer 2023.