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Gig Economy: Airbnb to Debut Home-sharing Apartment Building in Kissimmee

The 324-unit tower will go up near Disney within the first quarter of 2018. Airbnb is partnering on the Osceola County project with Miami developer Newgard

Ruth Reader | Fast Company

Airbnb may have found a way to make landlords, tenants, and possibly even lawmakers happy. The home-sharing platform has teamed up with Florida developer Newgard to create Niido, a concept apartment building designed to support home sharing. The 324-unit tower will go up near theme park-laden Orlando, in the nearby town of Kissimmee, Florida, within the first quarter of 2018.

“This partnership shows how landlords, developers and Airbnb can work together to create value for everyone and better serve tenants,” Airbnb’s director of global multifamily partnerships, Jaja Jackson, said in a press release.

Renters will be able to offer up their home on Airbnb 180 days out of every year while Newgard will have the opportunity to claim a percentage of the money tenants make from renting out their home. Just how much they’ll take is unknown, but the landlord gets to decide. As a part of the contract, tenants get an app that provides keyless entry to apartments and allows Niido management to assist them with cleaning and linen services for guests—much like a hotel.

Several buildings in development

Newgard is developing several buildings, both residential and commercial, with millennial tastes in mind. Buildings often promise mid-century-modern furniture and restaurants nestled into ground floors. The company’s latest project involves giving tenants access to bike- and car-sharing facilities. Perhaps unsurprisingly, Newgard is also in the hotel business. It’s currently working on a combination boutique hotel and residence called Gale in Fort Lauderdale that’s slated to open around the same time as Niido.

Read the full story from Fast Company

More business stories at LedeTree

Other coverage of this story from The Real Deal and Tech Crunch

Related: Airbnb is pushing up rents

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About Ruth Reader

Ruth Reader
Ruth is a writer for Fast Company who covers gig economy platforms, contract workers, and the future of jobs. She has previously done work for Mic, Motherboard, VentureBeat, The Sunday Times, The Patriot Ledger, and New York Public Radio. She is a graduate of American University.

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