FTX.US will be the sole converter of cryptocurrency transactions for acquiring residences at E11EVEN Hotel & Residences Miami
E11EVEN Hotel & Residences Miami, a luxury high rise condominium in Downtown Miami’s Park West district, today announced a partnership with West Realm Shires Services Inc. (“FTX.US”), a leading US-regulated cryptocurrency platform, as the sole platform handling cryptocurrency conversions for the project’s deposits and residential transactions. This announcement represents FTX.US’s first entry into the real estate market, further establishing developers PMG and E11EVEN Partners as trailblazers in the real estate industry and FTX.US as an innovator in the cryptocurrency financial services space.
“As FTX continues to grow its presence in the Miami area, we couldn’t think of a more ideal time to work with such a prestigious cryptocurrency exchange platform,” said Ryan Shear, Managing Partner of PMG, co-developer of E11EVEN Hotel & Residences Miami. “We foresee this partnership with FTX bringing increased security for our cryptocurrency payment processes offered to buyers due to their extremely diverse portfolio and impressive experience.”
In June, national developer PMG announced it is the first U.S. real estate developer to accept cryptocurrency for condominium deposits in pre-construction projects through E11EVEN Hotel & Residences Miami. Additionally, E11EVEN Partners, the hospitality brand co-developing E11EVEN Hotel & Residences with PMG, announced in April that it is accepting cryptocurrency for transactions at its globally renowned nightlife venue, E11EVEN Miami. Through this deal, buyers utilizing cryptocurrency for either the remaining available inventory at the development, or each following deposit, will have their payments converted through FTX.US.
FTX.US President, Brett Harrison commented on today’s news, “Miami is at the epicenter of cryptocurrency’s recent boom and is drawing worldwide attention for its flourishing market. We are looking forward to collaborating with what will be such a substantive project in Downtown Miami with PMG and E11EVEN Partners. As we continue to grow our presence within Miami, we’re excited to bring cryptocurrency payments into the real estate marketplace through this partnership.”
Centrally located in Downtown Miami’s Park West District, E11EVEN Hotel & Residences Miami developed by PMG and E11EVEN Partners will be designed by internationally renowned Sieger Suarez Architects and feature finished residences and hotel rooms by award-winning design firm AvroKO. E11EVEN Hotel & Residences Miami encompasses 375 fully furnished residences. Each unit comes equipped with fully-integrated “smart building” features and 24/11-style amenities, including celebrity-chef dining experiences throughout the property, a casino-style sports lounge, an E11EVEN’s Members rooftop experience, and a world-class wellness center curated by Chopra Spa & Studio. E11EVEN Hotel & Residences Miami is destined to be a lifestyle experience and destination, the first of its kind in the United States. Residences start at $300,000 and include studio, one, and two-bedrooms, as well as a limited Penthouse Collection along with two Presidential Suites.
About PMG
Founded in 1991 by Kevin Maloney, Property Markets Group (PMG) has gone from a local real estate operator based in New York City to a national investment, development, and asset management firm focused on large scale multi-family and for-sale condominium product, as well as select high-performing commercial holdings.
Today PMG is run by Managing Partners Ryan Shear and Dan Kaplan, currently operating projects across Florida, New York, Colorado, Arizona, Tennessee, and Georgia. Their vertically integrated team has departments specializing in acquisitions and land use, design and architecture, construction management, capital markets, asset management, sales and marketing, as well as significant in-house legal and accounting capabilities.
PMG’s current multi-billion-dollar nationwide portfolio includes assets across pre-development, construction, lease-up, and sell out, totaling more than 8,500 residential units and over 16 million square feet of development. Notable rental projects under the Society Living brand platform include locations in Denver, Nashville, Atlanta, Brooklyn, Fort Lauderdale and Miami. Notable current condominium projects include 111 West 57th Street in New York City, both E11EVEN Hotel & Residences and Waldorf Astoria Hotel & Residences in Miami, and Sage Longboat Key Residences outside Sarasota. Additionally, PMG is growing its Affordable Housing division nationally. For more information, propertymg.com.
About E11even Partners
E11even Partners is a lifestyle and nightlife management company responsible for the marketing, management and the creative direction of E11EVEN MIAMI and ROOFTOP at E11EVEN. Launched in 2013 to develop E11EVEN MIAMI, 11USA Group focuses on forward-thinking hospitality and groundbreaking innovative entertainment experiences. The company is led by Michael Simkins, Dennis Degori and Marc Roberts, along with operating partners Gino LoPinto, Daniel Solomon, Ken Degori, Derick Henry and Frances Martin. Combined, the partners of 11USA Group have more than 100 years of nightlife experience across the country.
About FTX.US
FTX.US is a US-regulated cryptocurrency exchange, built from the ground up. Its mission is for FTX.US to grow the digital currency ecosystem, offer US and international traders a platform that inspires their loyalty, and to become the market leading US regulated cryptocurrency exchange by volume within the next two years.
To learn more about FTX.US, please visit: https://ftx.us/
