Airbnb Is Building An Apartment Complex–And More May Be Coming

airbnb create bespoke apartment complex

Harvey Hernandez has built condos and apartments all up and down South Florida, but sometime in 2015 he started noticing something new. His office sits in one of the condos his firm worked on; every day in the lobby, he noticed that almost everyone coming and going seemed to have a suitcase in tow. “I could see the opportunity for [apartment sharing] happening right in front of my face,” Hernandez recalls. “But there was no support for it, and no community.”

So, Hernandez thought, why not create a building that was bespoke for the sharing economy–one that made it more fun for travelers and easier for residents? Soon, he made the pitch to Airbnb cofounder Joe Gebbia. Over the coming months, Airbnb and Hernandez’s company, the Newgard Development Group, will complete “Niido powered by Airbnb,” a 324-unit building in Kissimmee, Florida, that is slated to be the first in a series of apartment buildings around the country. Rentals in those buildings will carry the added promise of easy extra income via Airbnb, administered by the building itself.

Read more at Fast Company.

Be first to comment