Adam Neumann’s Flow Secures $51M Loan for Major Development Site in Miami
Adam Neumann’s residential real estate venture, Flow House Miami, has taken a significant step forward in its South Florida expansion. The firm secured a $51 million loan from Ladder Capital to help finance the acquisition of a massive 16-acre site at 8500 Biscayne Boulevard, located in the quaint Miami village of El Portal.
The loan was issued to 8500 Biscayne Owner LLC, a Delaware-based entity linked to Flow, according to public records. Neumann’s company acquired the site for $70.5 million in a court-ordered sale conducted by Avison Young earlier this year.
Once the site of the Little Farm Trailer Park, this stretch of land is now positioned to become one of Miami’s most transformative new developments. Bordered by the Florida East Coast Railway and nestled along the Biscayne Boulevard corridor, the site lies just five miles north of Downtown Miami and close to Flow’s existing projects at Miami Worldcenter.
According to marketing materials from Avison Young, the property is among the last large-scale development sites remaining in the Miami area. It is zoned for a mix of uses, including:
Residential
Retail
Office
Hospitality
Specialty real estate
The site has the potential to accommodate more than 2,000 multifamily units and nearly 3 million square feet of rentable space, making it one of the most ambitious projects in the pipeline for the region.
Flow is partnering with Canada Global, an Israeli real estate firm led by Assaf Tuchmair and Barak Rosen, to bring this mixed-use vision to life. The two firms previously teamed up to acquire the Aventura Corporate Center for $116 million last November, a deal also backed by Ladder Capital.
While Flow has not released formal plans for the Biscayne site, the acquisition marks a clear sign of Neumann’s ongoing commitment to building a new kind of community-focused housing model—one that blends residential living with flexible space, hospitality, and services.
The former WeWork CEO has steadily been planting roots across South Florida with projects including:
Flow Miami at Miami Worldcenter
Flow Fort Lauderdale
Flow House, a condominium project in Downtown Miami
This latest move in El Portal hints at even larger ambitions, possibly paving the way for a flagship development that encapsulates Flow’s evolving brand vision
Adam Neumann Unveils Flow House: A New Condo Project at Miami Worldcenter
In a bold new venture, Adam Neumann, co-founder of Flow, has officially announced the launch of his first condominium development project in Downtown Miami. This project, named Flow House Miami, marks Flow’s expansion into the ownership market and promises to be a game-changer for Miami’s urban living scene. The development will be part of the ever-evolving Miami Worldcenter district, a prime location that has been drawing attention for its vibrant community and strategic position within the city.
Flow House is set to stand out among Miami’s luxury developments, with 466 units spread across 40 stories. Expected to be completed in 2025, this project will redefine the standards of modern city living, integrating work, wellness, and community into a seamless residential experience.
With prices starting at $450,000 for studios, the development will offer a range of units, from studios to larger one-bedroom options, each featuring floor-to-ceiling windows, high-end finishes, and the option to upgrade to gourmet kitchens. Select units will also include private balconies, enhancing the luxurious living experience.
Flow House will offer an impressive lineup of amenities designed to cater to the needs of today’s urban dwellers, blending convenience with comfort. Some of the key features include:
Coworking Spaces: Perfect for remote work or collaborative projects.
Fitness Center: State-of-the-art equipment for a comprehensive workout experience.
Poolside Restaurant: A dining experience that brings relaxation to the next level.
Spa: Luxurious treatments for ultimate rejuvenation.
Resort-style Pool: A stunning pool area designed for both leisure and activity.
Yoga Studios: Spaces dedicated to mindfulness and physical well-being.
Concierge Services: Personalized assistance to meet residents’ everyday needs.
Dog Run: A dedicated area for your furry friends to play and exercise.
Located at 697 N Miami Avenue, Flow House enjoys a prime spot within the Miami Worldcenter district. This dynamic area is becoming one of Miami’s most sought-after neighborhoods, known for its proximity to world-class restaurants, entertainment options, and major transportation networks. This location ensures that residents will have access to everything they need, from cultural attractions to practical conveniences.
Adam Neumann’s vision for Flow House goes beyond just luxury. It’s about creating a community-focused urban lifestyle that addresses the need for connectivity and a sense of belonging. Neumann explained, “We learned while building Flow over the last two years that the exact same needs faced by renters are also faced by owners in terms of lack of community and lack of connectivity. We are excited to build upon our vision and bring the full Flow experience, which is rooted in community and a sense of belonging, to anyone looking for a better experience from their permanent residence.”
As Flow continues to grow, its focus remains on creating environments where people can work, live, and thrive within a community that feels like home. The Miami condo project is a prime example of this ethos, designed to meet the needs of modern city dwellers seeking a balanced lifestyle.
Flow, backed by venture capital giant a16z, is rapidly expanding its presence across the U.S. and internationally. With the launch of Flow House in Miami, the company is taking a significant step forward in its mission to develop properties that emphasize community, connectivity, and sustainable living. This project is not just a milestone for Flow but also a testament to the evolving landscape of urban development in Miami.
