Adam Neumann's Flow acquires Brickell building and surrounding land

The latest: The residential real estate brand announced this week it acquired a building at 275 SW 6 St. and the adjacent parcels to develop a flagship mixed-use building.

By the numbers: The acquisition, done in partnership with Canada Global & Yellowstone Trust, includes:

• 54-story tower with 632 residential units
• Nearly 800 parking spaces
• And about 39,000 square feet of commercial space.

The deal also includes three adjacent land parcels, cleared for more than 1,300 residential units, plus office, hotel and commercial spaces.

Flashback: In 2022, at Flow's onset, it had raised a reported $350 million (at a more than $1 billion valuation), despite no details of the business being made public.

• At the time, reports said Neumann wanted to bring a sense of community to properties and develop a widely recognizable brand.