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:

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  Residential

  
  


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  Retail

  
  


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  Office

  
  


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  Hospitality

  
  


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  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:

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  Flow Miami at Miami Worldcenter

  
  


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  Flow Fort Lauderdale

  
  


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  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