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low, a startup founded by Adam Neumann, is expanding its offerings in South Florida with condominium ownership options. The company is launching sales at Flow House, a 40-story development within Miami Worldcenter, which will feature 466 units. Deliveries are expected next year.
Initially, Flow planned to build a second rental tower, but it has now been converted into condos. The firm's properties include the Caoba rental tower and its under-construction second phase. Neumann noted that renters and owners share similar needs for community and connectivity.
Flow is partnering with OneWorld Properties to market the condos, which start at $450,000 for studios and $600,000 for one-bedroom units. Units will feature floor-to-ceiling windows, in-unit washer and dryers, and some will have private balconies. Amenities include coworking spaces, a pool, fitness center, yoga studio, spa, and dog run.
Located at 697 North Miami Avenue, the property is part of Flow's mission to emphasize community among apartment dwellers. The startup has backing from Andreessen Horowitz and plans for 4,000 condo and apartment units in the pipeline. Flow also owns stakes in six buildings and will develop 28,000 square feet of retail at Miami Worldcenter, including a promenade with completed retail space.
Neumann's company recently partnered with local investors to develop three residential properties in Riyadh, Saudi Arabia, which will deliver 920 units.
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