January 31, 2022by Xabier Reyes

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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