FIRST ON PROFILE: Pinecrest Mansion Sells For Record $11.2 Million Complete With NFT Mansion In The Metaverse

Meta Residence, a new construction home in Pinecrest which launched in August 2022 as the world’s first-ever "MetaReal" Mansion, a real world new construction home being built in Miami with a digital twin in the Metaverse, has just sold in an all-cash transaction for $11.2 million. The sale marks it as the highest sale overall and highest price per square foot in Pinecrest at $1,335 PPSF. Michael Martinez and Kiki Rutten with ONE Sotheby’s International Realty represented the seller, while Martinez repped the undisclosed buyer.

Meta Residence is a collaboration between ONE Sotheby’s International Realty, Voxel Architects and general contractor and NFT collector Gabe Sierra of Sierra Development to develop the first real-world mansion being constructed in Miami with a virtual counterpart coming to life inside of The Sandbox metaverse. The purchaser receives both the NFT of the asset and the physical home.

Located on a 1+ acre within one of Miami’s most sought-after neighborhoods, the 11,000 square-foot newly built tropical estate features 7 bedrooms and 9 bathrooms. The home also a separate guest house with its own entrance and garage and a chef's dream kitchen with state-of-the-art appliances, accompanied by a wine cellar and a wet bar. The luxe master suite features a sitting room and a spa-like bath with a soothing soaking tub. The residence also offers panoramic outdoor views, highlighted by a resort-style pool, an inviting infinity spa, a covered terrace, a summer kitchen, and a sprawling yard. The virtual version is a mirror image of the property.

Images via 1OakStudios / ONE Sotheby's International Realty

'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.

Inside 'The Rise of Luxury In The Digital Age' Presented By Time & Tonic, PROFILEmiami & Kobi Karp

On Thursday March 3, Time & Tonic, PROFILEmiami & Kobi Karp hosted ‘The Rise of Luxury In The Digital Age’ panel discussion and cocktail party. Guests thoroughly enjoyed an enriching discussion which explored the rising demand and value in the luxury marketplace including collectors watches, cars, real estate, art, NFT’s, etc. The panel featured vintage supercar dealer John Temerian of Curated, early NFT investor and thought leader Avery Andon of ArtLife® and ArtGrails ™, legendary architect Kobi Karp of Kobi Karp Architecture & Interior Design and watch collector and expert JP Hernandez of Time & Tonic. The panel was moderated by Demetri Demascus of PROFILEmiami and ALTARA Properties. The panelists offered their insights on the booming industries taking over Miami, including real estate, crypto, collector cars and luxury timepieces.

Event attendance was by invitation only and limited to 50 guests, with notable attendees including Ronny Finvarb, Patrick Lee, David Miller, Marco Iacovelli, Ted Taylor and Scott Lawrence Porter, as well as luxury car specialist Stirling Fairman. Additionally hospitality professionals like Abraham Issa and Marine Galy, Crypto industry professionals like Madison Roberts, and Global Women's Advocate Nezah Alaoui.

Time & Tonic is a premium leader in the high-end watch market, bringing a modern and fresh approach to buying, selling, and trading luxury timepieces. Time & Tonic facilitates the consumer shopping journey through their exceptional customer service and digital platform. Visit TimeAndTonic.com. The event was produced in partnership with IHC Agency.

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

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.