Flow, Adam Neumann’s co-living startup, opened a compound with 238 residences in Saudi Arabia’s capital, Riyadh, and Forbes has some particulars. The opening included an Aztec-themed scorching chocolate ceremony and tote luggage with the phrases “holy s— I’m alive” on them. The lease for the furnished models begins at $3,500 a month and consists of hotel-style providers akin to laundry and housekeeping and facilities like swimming pools, co-ed gyms (uncommon in Saudi Arabia), and bowling alleys. Flow is constructing three different properties with almost 1,000 residences in Riyadh.
The firm’s first however much less luxurious properties have been opened in Fort Lauderdale and Miami in April.
Flow raised $350 million from Andreessen Horowitz in 2022. The funding raised eyebrows given the problematic historical past of Neumann’s earlier startup, WeWork. Once valued at $47 billion, WeWork filed for chapter safety final yr and was finally acquired by Yardi, an actual property group, for $450 million.
