Developer Location Ventures is moving forward with its URBIN concept, with plans to use $56 million to build a coworking and coliving development in Miami.
The developer purchased the site for $20 million for the coworking and coliving concept that includes two buildings totaling 33,488 square feet.
Location Ventures has 16 to 18 months to complete construction, which is expected to be part of the transformation Washington Avenue is experiencing.
The site’s three-story office building will add a 5,000 square foot wellness center, as well as 21,000 square feet of flexible office space across various floors. Both short and long-term leases will be available.
The adjacent retail building will be demolished and replaced with a six-story building featuring a food market, 60 residential units with 120 bedrooms and a roof deck that will have a pool and bar.
