18 Jul Downtown Development Digest | Natiivo
Natiivo Austin is a new concept in hospitality unlike any other. The long-awaited tower project at 48 East Avenue in downtown Austin’s Rainey Street District won’t be home to either condos or apartments. Instead, the 33-floor building will be built as a 249-unit hotel, but that’s really only half the story. Natiivo will be available for purchase— however, the buyers won’t be able to live there full-time. Instead they are encouraged to rent out their units on Airbnb when they aren’t staying there. The concept is different from a timeshare because buyers own their unit and don’t share it with other owners. Because the building is zoned as a hotel, owners can only reside in the building for a maximum of 30 days at a time. They can come back and stay as many times as they would like throughout the year.
This flexible model combines the benefits of ownership with the ease and service of a high-end hotel. Units come stocked with premium linens, robes and slippers. There’s also in-room laundry and kitchens stocked with essentials. Ahead of their stay, owners and guests can request a stocked fridge, dog-walking services and fresh-cut flowers. Natiivo also has a 24-hour onsite concierge that can not only help guests navigate the city but also handle all reservation requests, check-ins and check-outs. Natiivo Austin will offer coworking spaces, a cafe lounge, a spa-inspired fitness center and a rooftop pool deck with private cabanas and lounge.
Natiivo units are available for purchase online. They will range in price from the $300,000s to $1.2 million. Studio, one-bedroom and two-bedroom units will range in size from 454 square feet to 1,390 square feet.
Photos and information from https://austin.towers.net/airbnb-powered-home-sharing-concept-natiivo-heads-to-rainey-street-district/ and https://www.bizjournals.com/austin/news/2019/06/18/airbnb-branded-hotel-coming-to-austins-rainey.htm