Adam Neumann, the founder of coworking giant WeWork, is making waves in Miami’s real estate scene through his company Flow Life. In a high-profile auction, Flow Life secured a 15.9-acre parcel of land on Miami’s Biscayne Corridor for $70.5 million, doubling an earlier bid from developer Melo Group. The purchase marks a significant step for Neumann’s South Florida-based real estate venture.
A Competitive Auction
The vacant property at 8500 Biscayne Boulevard, formerly known as the Little Farm Trailer Park, was sold during a court-approved auction on January 16. The winning bid, finalized by Miami-Dade Circuit Court Judge Thomas J. Rebull on January 21, far exceeded the $35 million stalking horse bid submitted by Melo Group in October.…