{"id":259424,"date":"2026-05-05T16:49:13","date_gmt":"2026-05-05T16:49:13","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-fl\/259424\/"},"modified":"2026-05-05T16:49:13","modified_gmt":"2026-05-05T16:49:13","slug":"adam-neumanns-flow-buys-out-pmg-in-society-wynwood","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-fl\/259424\/","title":{"rendered":"Adam Neumann\u2019s Flow Buys Out PMG in Society Wynwood"},"content":{"rendered":"

Adam Neumann\u2019s Flow bought a 50 percent stake in Society Wynwood, with plans to renovate and rebrand the property.\u00a0<\/p>\n

Flow is now a co-owner with Toronto-based private equity firm Greybrook of the property at 176 Northwest 25th Street and 2431 Northwest Second Avenue in Miami, according to a Flow news release. Flow bought out PMG\u2019s stake in the building.\u00a0<\/p>\n

Greybrook, led by Peter Politis, and Miami-based PMG completed development of the 10-story, 318-unit Society Wynwood in 2024, records show. In August, the pair landed a $178 million refinancing from funds managed by Ares Management and Monarch Alternative Capital, taking out the project\u2019s $142.3 million<\/a> construction loan originally secured in 2021.\u00a0<\/p>\n

Sources told The Real Deal that PMG no longer co-owns the property, meaning it sold its stake to Flow.\u00a0\u00a0<\/p>\n

Flow\u2019s purchase includes an initial $15 million investment, with an additional $10 million for planned capital expenditures and rebranding, according to a source familiar with the matter. The forecasted net operating income from the property is estimated at $300 million.\u00a0<\/p>\n

As of Monday, Society Wynwood\u2019s website showed it already was rebranded as Flow Wynwood, coming under Flow\u2019s management.\u00a0<\/p>\n

Renderings included in Flow\u2019s news release shows the planned renovations will include the pool deck and social club.\u00a0<\/p>\n

Flow Wynwood offers studios, as well as one-bedroom to three-bedroom apartments, with monthly rents ranging from $2,405 to $5,825, according to its website. The property also offers rent-by-bedroom options, ranging from $1,495 to $2,050 a month.\u00a0<\/p>\n

Since Neumann launched Flow<\/a> in 2022, the firm has spread money across South Florida. At first, it snapped up another PMG-developed apartment tower and then homed in on Miami-Dade County, buying a Miami Worldcenter apartment tower and recently completing the adjacent Flow House condo tower. Flow House<\/a> was planned as rentals and switched to condos in 2024.\u00a0<\/p>\n

Flow and Israeli real estate firm Canada Global also invested in the Aventura Corporate Center office complex and have approvals for a three-tower, nearly 700-unit multifamily project<\/a> next door.\u00a0<\/p>\n

In August, Flow, Canada Global and billionaire Yakir Gabay\u2019s Yellowstone Trust bought a majority stake in Chetrit Group\u2019s planned Miami River District megaproject<\/a>, though Chetrit remains a minority partner.\u00a0<\/p>\n

Flow\u2019s investments and plans in El Portal, a small centrally located village in Miami-Dade, has touched off a firestorm among some residents.\u00a0<\/p>\n

Flow and Canada Global also have entitlements for a roughly 3 million-square-foot redevelopment with nearly 2,400 apartments of a former mobile home park in El Portal, fueling fears towers would surround low-rise residential El Portal. Similarly, some village residents also took issue with the demolition of a signature church property, which will be redeveloped into SOLFL<\/a>, a nature-themed Jewish school led by Neumann\u2019s wife, Rebekah Neumann.\u00a0<\/p>\n

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\n\t\t\t\t\t\t\t\t\tSouth Florida\t\t\t\t\t\t\t\t<\/p>\n

Inside Adam Neumann’s attempts to rehab El Portal church<\/p>\n

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\n\t\t\t\t\t\t\t\t\tSouth Florida\t\t\t\t\t\t\t\t<\/p>\n

Welcome to Neumannville?\u00a0Flow\u2019s plans in El Portal incite local ire<\/p>\n

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\n\t\t\t\t\t\t\t\t\tResidential\t\t\t\t\t\t\t\t<\/p>\n

\n\t\t\t\t\t\t\t\t\tSouth Florida\t\t\t\t\t\t\t\t<\/p>\n

Adam Neumann lands $155M loan for Miami Flow House condos<\/p>\n

\t\t\t<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Adam Neumann\u2019s Flow bought a 50 percent stake in Society Wynwood, with plans to renovate and rebrand the…\n","protected":false},"author":2,"featured_media":259425,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15],"tags":[112313,225,227,226],"class_list":["post-259424","post","type-post","status-publish","format-standard","has-post-thumbnail","category-hialeah","tag-adam-neumann-flow-wynwood","tag-hialeah","tag-hialeah-headlines","tag-hialeah-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/259424","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/comments?post=259424"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/259424\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media\/259425"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media?parent=259424"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/categories?post=259424"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/tags?post=259424"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}