The Rider Residences And Wynwood-Based Crypto Mortgage Lender 'Milo' Unveil Crypto-Backed Real Estate Financing Program

The Rider Residences, Miami’s first crypto-native condominium development by Rilea Group and Ciprés, have unveiled an innovative financing collaboration with Milo, the leading crypto mortgage lender based in Wynwood. This new partnership marks a groundbreaking advancement in how digital asset holders can acquire real estate in Miami.

Through this collaboration, crypto investors can now leverage their Bitcoin or other digital assets as collateral to secure cash deposits toward the purchase of their units at The Rider, without selling their crypto. This initial crypto-collateralized loan allows buyers to fund their 40% pre-construction deposits while retaining the upside potential of their holdings.

Once the building is complete, Milo will offer buyers a second round of financing: a 30-year crypto mortgage secured by the property, the only crypto-backed option of its kind on the market today. At closing, clients will not need to come up with any cash down payment as Milo can finance 100% of the purchase price.

“This is a game-changer for sophisticated buyers who want to maximize their financial strategies while securing hard assets in a desirable market. The Rider is at the forefront of this movement, offering a complete solution for transactions that align with the future of wealth and ownership,” said Diego Ojeda, President of Rilea Group.

Interest rates for the down payment crypto loan are in the high single digits, making it an attractive solution for clients who do not want to sell any Bitcoin and expect future appreciation. Clients will be able to access the loans to fulfill their deposit schedule with The Rider.

At Milo, we’re redefining crypto’s role in everyday life. By offering Rider buyers cash liquidity without the need to sell their Bitcoin, we’re paving the way for seamless property ownership alongside untapped crypto potential," said Josip Rupena, CEO of Milo. The Rider, positioned at the nexus of Wynwood, Midtown, and the Design District, continues to make headlines, most recently for completing Miami’s first wallet-to-wallet Bitcoin condo sale. With bold, 1970s-inspired interiors by RADYCA and a curated collection of resort-style amenities, The Rider offers fully furnished studios to three-bedroom residences, priced from the $400Ks to over $1.8M. Delivery is expected in late 2026. This milestone further cements The Rider’s reputation as Miami’s premier real estate destination for crypto-native buyers.

'Metaverse Chateau' Hits Market In Metaverse As NFT And As Real Home Under Construction In Miami Shores

The founder of Alpha City, a social business lifestyle metaverse, has revealed “Reflection Manor,” a real world new construction home being built in Miami with a digital twin in the Metaverse. This is the second “MetaReal” spec home under development in Miami, the other is the recently launched Meta Residence which was the world’s first-ever revealed "MetaReal" home. The purchaser of one of these “MetaReal” homes would acquire both the real world home and its virtual replica in the Metaverse as an NFT.

“Reflection Manor” is a French chateau style home with architectural design by Sakora Design and is currently being constructed in Miami Shores. The residence will comprise 6,000.sq.ft. with six bedrooms and six and half bathrooms on a 12,975-sq.ft. lot. The virtual counterpart will live in the Metaverse of Alpha City. Features of the state include a grand double height foyer, Gaggenau appliances, wine room, sumptuous game room, private primary suite, boutique worthy closets, and a wellness wing with gym opening to a covered terrace and manicured backyard.

The seller is Jorge Guinovart, a real estate developer, entrepreneur, and cryptocurrency expert who created Alpha City. Dubbed the Social Business Lifestyle Metaverse, Alpha City was conceived to create a Metaverse with an economy, with VR visual experiences and broad reaching social and lifestyle opportunities to up the value of virtual properties.

“Reflection Manor” is located at 1275 NE 93rd Street in Miami Shores and is currently listed for $7.77 million by Juliet Silver with ONE Sotheby’s International Realty.

Renderings of the home and Alpha City via Reflection Manor/ONE Sotheby’s International Realty and Sakora Design.

Over $5 Million In Crypto Sales At Diesel Wynwood After Partnering With FTX US As Project Reaches 40% Sold

Despite fluctuations, cryptocurrency is leaving its mark on the real estate industry. Diesel Wynwood Condominium has seen an influx of interest from crypto buyers since partnering with FTX US in May. To date, the team has done more than $5 million in crypto transactions.

Diesel Wynwood, the first Diesel-branded luxury residential development in the world, partnered with FTX, a leading U.S.-regulated cryptocurrency platform, to serve as a provider for handling digital currency conversions for the project's residential sales deposits and transactions. This marked FTX US’ first collaboration with a fashion-branded condominium and another milestone for Diesel, which is pioneering luxury residential living in Wynwood.

Since launching sales in November 2021, Diesel Wynwood has seen growing interest from cryptonaires, tech titans, artists, and locals alike. Nearly half of the boutique building’s 159 units have gone into contract and the building is now over 40% sold. Residences are priced from $500,000 to $6 million. ONE Sotheby's International is handling sales and marketing for the building and Steve Potres is the agent responsible overseeing crypto sales.

Located in the trendy Wynwood Arts District, Diesel Wynwood is developed by Bel Invest, an international real estate investment and development firm, and designed by Zyscovich Architects, a Miami-based design, architecture, and urban planning firm. The residence rises eight stories and comprises 159 residences ranging from micro-studios to three bedrooms. Elevated amenities include a rooftop pool deck and lounge, state-of-the-art fitness center, wine cellar, European spa, and more.

Groundbreaking is expected in Q4 2022.

For more information about Diesel Wynwood, private showings or purchasing/ leasing information please fill out the form below:

Take A First Look At 'MetaReal' Mansion To Be Sold Via NFT As Real Home And Digital Twin In Metaverse

Meta Residence has revealed a first look of the world’s first-ever "MetaReal" Mansion, a real world new construction home being built in Miami with a digital twin in the Metaverse. ONE Sotheby’s International Realty and Voxel Architects have aligned with general contractor and NFT collector Gabe Sierra to build and sell Meta Residence, the first real-world mansion being constructed in Miami with a virtual counterpart coming to life inside of The Sandbox metaverse. The purchaser of the NFT asset will also acquire ownership rights of the physical home.

Located on a 1+ acre within one of Miami’s most sought-after neighborhoods, the 11,000 square-foot home will feature 7 bedrooms and 9 bathrooms. The virtual version will be a mirror image of the property.

Kiki Rutten and Michael Martinez with ONE Sotheby’s International Realty are the exclusive sales agents for the project and plan to execute the transaction on the Ethereum blockchain. The metaverse mansion is expected to list for auction in early 2023 with a yet to be disclosed reserve price.

Interested bidders can register to be approved for the pre mint list here: https://www.premint.xyz/meta-residence-one/

Renderings via Meta Residence

FTX US Partners With Ultra-Luxury Single-Family Home Development AKAI Estates To Accept Crypto In Southwest Ranches

The developers of AKAI Estates have announced a partnership with FTX US, a leading U.S.-regulated cryptocurrency platform, as the sole platform handling cryptocurrency conversions for the residential transactions within their collection of 16 signature luxury homes in Southwest Ranches. This announcement represents FTX US’s first partnership with a single-family home developer, further establishing AKAI Estates as a trailblazer development in today’s real estate industry and FTX US as an innovator in the cryptocurrency financial services space.

This partnership indicates the velocity at which the single family home market is evolving amidst incredible demand and tight available inventory. With the frenzy the market is currently in, tied to the record low inventory, AKAI Estates is meeting that demand and filling the void now with the collection of these homes, in addition to spec homes.

“FTX continues to grow its presence in the real estate industry in Florida, we couldn’t think of a more ideal time to work with such a prestigious cryptocurrency exchange platform,” said Alex Yokana, Developer of AKAI Estates. “We foresee this partnership with FTX bringing increased demand and expanding our demographic of buyers.”

“Alongside FTX, cryptocurrency’s presence in the real estate industry only continues to grow, and this is just the latest development in that process. We are excited to add our first luxury single-family development to our roster of partners and increase consumer access to digital assets and digital asset-related services. At FTX, we believe that crypto has a big role in the future of finance and strive to do our part to make this future come to fruition,” said Avi Dabir, Vice President of Business Development at FTX US.

Surrounded by open spaces and dazzling South Florida sunsets, the quiet enclave of AKAI Estates is conceptually designed by internationally acclaimed architect Vasco Vieira, founder and head architect of Portugal-based firm Vasco Vieira Arquitectos. The scope of the firm’s past work has ranged from individual villas to large eco-resorts including hotels, restaurants, spas and commercial buildings. With notable projects throughout Europe, AKAI Estate marks Vieira's first residential project in the United States. The local architect for AKAI Estates is Florida-based firm FSMY Architect Planner.

At AKAI Estates, high-end living unfolds across open floor plans from 7,000-15,000 square feet and beyond, combining chic cutting-edge amenities, ultra-modern styling, and the serenity of a fully gated community and the unrivaled privacy of two acres of property with each residence. Each estate includes an aquatic entertainment area and is highly customizable with the ability to add on features including putting greens, tennis/pickle-ball courts, or even a basketball court of choice. AKAI Estates is a refreshingly different way to encounter the best of South Florida living. World-famous destinations for entertainment, shopping, nightlife, golf, and more are all just a short drive away. Southwest Ranches is located just west of Fort Lauderdale, northwest of Miami and south of Palm Beach, Florida. Nearby top-rated schools, parks, and cultural sites complete a world that is just as connected as it is exclusive.

AKAI Estates is being developed by Alex Yokana, Jairo Vela, and Amos and Michael Sochaczevski. Bento Queiroz Team under Compass is the exclusive sales team for the development. Prices at AKAI Estates start at $8 million.

First Commercial Property To Accept Crypto In Broward County Lists on RealOpen

The first commercial property to accept crypto in Broward County has hit the market for $6.11 million. Located at 3625 W Broward Blvd., the property is also the first commercial property to be listed on RealOpen. RealOpen was founded by the star of Netflix's Selling Sunset, Christine Quinn and Christian Dumontet, and serves to move digital assets directly into real estate. The building is currently the headquarters for 123 LumpSumand owned by Structured Asset Ventures II, LLC. The property is listed with Karley Chynces with ONE Sotheby's International Realty.

RealOpen, bridges the gap between digital assets and physical goods. Using secure, proprietary software, it allows anyone, anywhere to purchase or sell a home via crypto. The platform works with the entire MLS inventory, off-market homes, buyers, sellers and agents. The way it works is after finding your home, RealOpen will verify your crypto assets to prove you have access to the funds. This significantly streamlines the process as traditionally, buyers seeking to purchase in crypto would have to liquidate their cryptocurrency to get a proof-of-funds letter from the bank.

Images via Miami Lux Media

Check Out This $59 Million Kobi Karp-Designed Indian Creek Island Billionaire Bunker Built by Todd Michael Glaser Which Can Be Purchased In Crypto

A $59 million waterfront compound on the star-studded Indian Creek is now accepting Bitcoin as a form of payment. The tropical modern playhouse being developed by Todd Michael Glaser and features architecture and interiors by Kobi Karp. The new construction spec mansion spans nearly 16,000-sq.ft. with 12 bedrooms and 13.5 bathrooms on a 53,696-sq.ft. lot (1.25 acres).

The main level will feature 12’ ceilings, a club room, chef and prep kitchens, a media room and a gym studio. The backyard offers tropical modern vibes with lush landscaping, 134’ of water frontage with dockage for a yacht up to 110’ yacht, a large sun deck, and an infinity pool and tanning beds perfectly placed for soaking in the sun.

Indian Creek is home to a rolodex of high profile neighbors including Tom Brady & Gisele Bündchen, Ivanka & Jared Trump, Enrique Iglesias, and more. Known as “Billionaire’s Bunker” - the 300-acre island consists of less than 40 homes and is secured by its own police force and anchored by the Indian Creek Golf Course.

37 Indian Creek Island Road is listed for $59 million by Dina Goldentayer with Douglas Elliman and will be move-in ready within 18 months.

Glaser and his partners acquired the property in the summer of 2021 for $24 million from “Sábado Gigante” host Mario Luis Kreutzberger Blumenfeld, also known as “Don Francisco,” in an off-market deal overseen by Dina Goldentayer. The existing house on the property was built in 1987 and was quickly demolished to make way for the new modern home.

Cryptocurrency closed sales and listings have been becoming more common place in Miami over the past several years. In 2021 a unit in Arte in Surfside sold for $22.5 million in crypto. The sale was followed by several in Downtown Miami including a $7.2 million sale at the nearby One Thousand Museum and Unit 5306 in Marquis Residences sold for $7.2 million in Ethereum. Recently the $34 penthouse at Regalia Residences announced that they would be taking cryptocurrency as a form of payment as well in partnership with RealOpen.

Images and renderings via Todd Michael Glaser, Dina Goldentayer and Kobi Karp

Leading Crypto Firm Blockchain.com Signs Lease At Tricera Capital and LNDMRK Development's Cube Wynwd

Leading crypto firm Blockchain.com has finalized a lease to occupy the top two floors of Tricera Capital and LNDMRK Development’s Cube Wynwd as its new Miami office. The ~22,000-square-foot lease brings Cube Wynwd to full occupancy less than 10 months after Tricera and LNDMRK acquired the Class A, 100,000-square-foot office and retail building. The deal also gave Blockchain.com naming rights for the building. Blockchain.com, one of the most widely used consumer crypto products and the leading institutional solutions provider, will soon begin designing its permanent office on the seventh and eighth floors.

Danet Linares, Tere Blanca and David Valdez of Blanca Commercial Real Estate, Inc. represented Blockchain.com in the Cube Wynwd lease. JLL’s Eric Groffman, Cameron Tallon and Edward Quinon represented Tricera and LNDMRK.

“We are thrilled to welcome Blockchain.com to Cube Wynwd and the Wynwood neighborhood,” said Tricera Co-Founder and Managing Principal Ben Mandell. “Blockchain.com’s leadership shares our long-term belief in Wynwood, which still has vast potential on top of the incredible growth and activity that has already occurred.”

In 2021, Blockchain.com announced its intentions to relocate its national headquarters from New York to Miami and aggressively hire throughout the local Miami job market. It also committed to make a significant investment to support the South Florida STEM community.

“As Miami solidifies its status as a mecca for crypto, we couldn’t be more excited to announce the location for planting our permanent roots in the city,” said Peter Smith, Blockchain.com CEO. “The speed at which our business is growing matches that of Wynwood and Miami itself, creating the perfect backdrop for us to continue scaling worldwide from our very own Blockchain.com building.”

Tricera and LNDMRK purchased Cube Wynwd, which also includes ground-floor retail space and a verdant rooftop terrace occupied by popular Japanese restaurant Kissaki, in an April 2021 off-market transaction. The 222 NW 24th St. Cube Wynwd, the neighborhood’s first boutique office-over-retail building, was just ~35% occupied at the time of Tricera and LNDMRK’s acquisition.

The joint venture partners rapidly stabilized the building with a compelling mix of tenants, including Ecuadorean fintech firm Kushki, Shaolin Capital Management, Brazilian footwear manufacturer Grendene, office supply and furniture online retailer Poppin, tech firm Transmit, and more.

Coworking operator Spaces occupies about 30% of the office space and about 1,700 square feet of the retail space in Cube Wynwd’s lobby. Renowned chef Gabriele Bonci’s Rome-based Bonci Pizza and Mini Market are among the existing retail tenants. The building features loft-style office space with expansive floorplates.

“Cube Wynwd is a case study for how we identify off-market opportunities and move quickly to execute our hands-on ownership approach,” Tricera Co-Founder and Managing Principal Scott Sherman. “We are proud of the building’s dynamic tenant roster, with Blockchain.com joining numerous new-to-market companies. Wynwood will continue to experience intense corporate relocation demand from the technology and finance sectors.”

Tricera and LNDMRK are frequent collaborators on real estate investments and developments. The companies are partnering with The Related Group to develop The Dorsey, a 12-story apartment building with a parking garage and nearly 95,000 square feet of office and retail space on a former Coca-Cola plant in Wynwood.

Image via Richard Novak

Miami Sees Second Highest Priced Crypto Sale As Marquis Residences Condo Sells For $7.2 Million

The Downtown Miami market is on fire amidst a number of building launches and splashy sales. Now the City of Miami has seen its first crypto sale of the year as Unit 5306 in Marquis Residences has sold for $7.2 million in Ethereum that was transferred to USD Coin, a digital stablecoin that is pegged to the United States dollar, for the transaction. The sale is the second largest in Downtown Miami behind a $7.2 million sale at the nearby One Thousand Museum and the third highest in the Miami area ranking behind a $22.5 million deal at Arte in Surfside, both last year. Madison Roberts and Zach Oppenheim with Oppenheim Realty represented the buyer in the transaction, and Enzo Rosani of Barnes International Realty represented the seller, along with Ricardo Assaf with Unblock Capital, who helped mediate the crypto transfer. Coral Gables Title & Escrow handled the closing. Roberts and Oppenheim also represented the buyer in the One Thousand Museum deal last year.

Marquis Residences is located at 1100 Biscayne Boulevard in Downtown Miami. The buyer is a business developer from Central America. The triplex spans 6 bedrooms 7 bathrooms and 6,952 square feet. The two-story residence offers floor-to-ceiling windows overlooking the entire city and ocean, a movie room, designer kitchen, office, two laundry rooms. The lavish master bedroom features views of Biscayne Bay and a double shower, jacuzzi and sauna. The unit also features a full home automation system throughout and window treatment for efficient A/C and energy savings.

"I have been in the crypto industry since 2011, it is absolutely amazing to see where crypto is right now and where it is headed. The opportunities are endless and we have yet to begin," said Roberts.

Images via Barnes International Realty

First-Ever MetaReal Mansion Under Construction In Both Miami And The Sandbox Metaverse

The first ever MetaReal mansion is currently under construction in both Miami in real life and in the Metaverse and is expected to fetch millions when it goes to auction. Meta Residence, ONE Sotheby’s International Realty and Voxel Architects have aligned to build and sell the first real-world mansion using NFT technology. The luxury mansion is being constructed in Miami with a virtual counterpart coming to life inside of The Sandbox metaverse. The purchaser of the NFT asset will also acquire ownership rights of the physical home.

“We are building a rare lifestyle experience that blurs the lines between the metaverse and reality,” said Gabe Sierra, President of the joint venture. “Never before has a project like this been delivered, and we are proud to offer the buyer of this NFT a once-in-a-lifetime opportunity to own the first MetaReal mansion ever created.”

Located on a 1+ acre within one of Miami’s most sought-after neighborhoods, the 11,000 square-foot home will feature 7 bedrooms and 9 bathrooms. The virtual version will be a mirror image of the property. Michael Martinez with ONE Sotheby’s International Realty is the exclusive sales agent for the project and plans to execute the transaction on the Ethereum blockchain. The metaverse mansion is expected to list for auction in 2022 with a yet to be disclosed reserve price.

“Being able to leverage my expertise to pair a homeowner with real and virtual property is something I never imagined being a part of, it’s exhilarating,” said Martinez, the top agent at ONE Sotheby’s International Realty. “We look forward to finding a buyer for this spectacular property and being involved in a momentous deal in this new era of homeownership.”

The joint venture has also acquired the equivalent of over 40 acres in the metaverse for future projects which may include homes, as well as commercial properties, marketing, and gaming endeavors.

“As a company we push boundaries and constantly evolve with the changing dynamics of the industry—always on the cutting-edge of real estate, art and technology. We believe that the metaverse will play a role in the future of real estate in one way or another,” said Daniel de la Vega, president of ONE Sotheby’s International Realty. “This deal represents a bold move to support our clientele where the real and virtual worlds converge, and we look forward to presenting the property to our unrivaled global network.”

The Sandbox is a virtual world where players can build, own, and monetize their gaming experiences on the Ethereum blockchain using $SAND, the main utility token of the platform. The Sandbox offers a wide range of exploration across its metaverse, consisting of 166,464 unique pieces of LAND, each belonging to a user. The Sandbox was founded in 2011 and has partnered with 60+ companies to develop content based on their IPs on the platform, including brands like Square Enix, ATARI, The Smurfs, Care Bears, and more.