URBIN was recently featured in the South Florida Business Journal article titled “Renter Nation” detailing the rapid rise in cost of living burdening South Florida’s workforce – and soon its employers.
From the article:
One way to make apartments more affordable is to live with roommates, a trend Miami-based Location Ventures aims to tap into with its URBIN brand. The developer has co-living and coworking projects under development in Coral Gables, Miami Beach and Coconut Grove, with another planned in Fort Lauderdale. The company will rent by the bed for just over $1,000 a month and sell other on-site services, such as wellness plans.
“Our thesis is to put people in the heart of the most in-demand submarkets, right in the urban center,” CEO Rishi Kapoor said. “The trade-off is a smaller footprint for personal space, but they have the amenity that is the community.”
However, not all cities allow co-living. Kapoor said cities should embrace creativity in housing design to enhance affordability and allow more of the workforce to live here.
Each URBIN is an oasis, a layered community of thoughtfully-designed spaces that blend everyday necessities and luxuries to create a destination for residents to live comfortably and provide guests a welcome experience. To live work well at URBIN, residents have access to a wellness center, a market, and a full program of workspace with private and shared offices.
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