A joint venture led by former WeWork CEO Adam Neumann’s Flow recently acquired a majority stake in The River District mixed-use development in Brickell. 

The deal, which was made alongside investment partners Canada Global and Yellowstone Trust, values the four-million-square-foot project at $525 million. 

The first component of the River District, which will now be called Flow on the River, is a 54-story building with 632 luxury apartments at 275 SW 6th St. The tower is essentially complete and will offer 17 boat slips along the Miami River, 39,000 square feet of waterfront commercial space and a 770-parking-space deck. 

Altogether, the 6.2-acre asset is entitled for 1,900 residences in at least three towers with an additional 2.5 million square feet of office, hotel and commercial space. 

“This is an exciting step forward in reimagining the future of living,” said Flow co-founder Adam Neumann. “With Flow on the River, we continue to deliver on our mission one community at a time.” 

Neumann’s Flow branded residential company has other large-scale developments in the works. It’s acquired the rights to develop over nine million square feet of mixed-use projects, including approximately 5,000 apartments, alongside Canada Global and operates more than 1,000 apartments at Flow Miami and Flow Fort Lauderdale. It will deliver Flow House Miami, a 466-unit condominium project, later this year.