960 Alton Road and 1000 17th Street will be the first commercial real estate properties to accept cryptocurrency for purchase in Miami
December 06, 2021 12:21 PM Eastern Standard Time
MIAMI–(BUSINESS WIRE)–INHOUSE COMMERCIAL and FTX are offering buyers the opportunity to purchase commercial real estate properties in cryptocurrency. When a buyer is ready to make a purchase, FTX will accept the cryptocurrency, convert it to the appropriate US dollar amount and deposit it into the seller’s account. The conversion will take place instantly to avoid any market fluctuations. This new and exciting investment vehicle will be implemented to align with Miami’s path of transformation to the world’s “cryptocurrency innovation hub”. Both properties are owned in partnership by Scott Robins Companies and Philip Levine.
“We foresee this partnership bringing increased interested in commercial assets from the tech community, especially with companies looking to purchase a headquarter office building.”
960 Alton Road is comprised of two buildings on a 31,350 square foot lot on a prime corner of Alton Road. On the corner of the parcel is a two-story stand-alone office building with prime frontage and visibility on Alton Road. The office space is in pristine condition and features a large cinema. The second building is currently operating as a gym. The property has huge redevelopment potential as Miami Beach recently passed a city ordinance to increase maximum building height from 60 to 75 feet for predominantly office developments. A massing study of the potential development opportunity was recently completed by globally recognized Kobi Karp.
1000 17th Street is an 18,000 square foot three-story retail complex north of Lincoln Road and west of the newly renovated Miami Beach Convention Center. Designed by world renowned architecture firm Arquitectonica, the building offers exceptional frontage along 17th Street and includes large, floor-to-ceiling windows throughout as well as carefully designed outdoor terrace space.
“As tech and crypto companies continue to move to South Florida, we are excited to partner with FTX,” said Jared Robins of INHOUSE COMMERCIAL. “We foresee this partnership bringing increased interested in commercial assets from the tech community, especially with companies looking to purchase a headquarter office building.”
INHOUSE COMMERCIAL was founded with a focus to bring the best retail, hospitality, and experiences to South Florida through real estate brokerage and advisory. Specializing in retail leasing and investment sales, INHOUSE relies on market knowledge, local relationships, and consumer trends to deliver solutions. For more information, visit www.inhousecre.com.