The West Eleventh Residences is a new development comprising 44 stories and 659 units that begun sales this week. The project is a short-term rental friendly project and the units will be priced from the mid-$300,000s to $1.2 million. Buyers will receive furnished studios or one-bedroom condos.
What sets this development apart is that buyers can rent their units out daily through a centralized Airbnb management platform. With no restrictions on the number of days they can rent this is an incredible opportunity.
West Eleventh Residences is expected to include 30,000 square feet of amenities across three floors, with a resort-style pool, an onsite restaurant, and a ground floor with entertainment and a food hall.
Sieger Suarez is the architect and Cotofana Designs is designing the residential interiors. Also, all units will have smart home technology.
PMG opened The Elser Hotel & Residences, a short-term rental condo building last year and is also developing the Waldorf Astoria Hotel & Residences in downtown Miami. The 1,049-foot-supertall could be the tallest residential building south of New York City once it’s completed, as early as 2027.
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