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Movement, 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 sizzling chocolate ceremony and tote baggage with the phrases “holy s— I’m alive” on them. The hire for the furnished models begins at $3,500 a month and contains hotel-style companies akin to laundry and housekeeping and facilities like swimming pools, co-ed gyms (uncommon in Saudi Arabia), and bowling alleys. Movement is constructing three different properties with practically 1,000 residences in Riyadh.
The corporate’s first however much less luxurious properties have been opened in Fort Lauderdale and Miami in April.
Movement raised $350 million from Andreessen Horowitz in 2022. The funding raised eyebrows given the problematic historical past of Neumann’s earlier startup, WeWork. As soon as valued at $47 billion, WeWork filed for chapter safety final 12 months and was finally acquired by Yardi, an actual property group, for $450 million.
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