Arte Becomes Miami’s First New Development To Accept Cryptocurrency

MIAMI, May 6, 2021 /PRNewswire/ — Arte by Antonio Citterio, essentially the most unique boutique condominium to open in Miami’s Surfside neighborhood, has introduced that will probably be first new residential improvement in Miami to simply accept cryptocurrency as a type of fee. Signifying the builders’ optimism for town’s future because the cryptocurrency capital of the world, all remaining residences could be bought with digital foreign money.

To streamline the sale of residences in crypto, Arte has fashioned partnership with blockchain and securities buying and selling platform SolidBlock, which offers customized options for purchasing and promoting digital belongings. SolidBlock will be sure that consumers paying in cryptocurrencies comparable to Bitcoin and Ethereum take pleasure in a simple and straight-forward buying expertise. They may even be accessible to help with every other crypto exchanges or real-world transactions that consumers want to make sooner or later in addition to authorized and tax recommendation.

As the primary Miami condominium to welcome cryptocurrency, Arte joins Mayor Francis Suarez within the imaginative and prescient to remodel town into a number one know-how hub. By embracing digital belongings like Bitcoin as the way forward for enterprise, the constructing has taken the lead in upending conventional actual property practices in Miami and has set an instance for different developments out there.

“The embrace of cryptocurrency and rising applied sciences throughout all sectors of business is exactly how Miami will change into town of the century,” stated Mayor Francis Suarez. “Arte is setting an vital precedent and I will not be shocked to listen to related tales within the close to future.”

The announcement additionally comes at a novel time in Miami, when lots of the high Silicon Valley firms and enterprise capital corporations have opened satellite tv for pc workplaces or have expanded into town. According to the builders, this migration has performed a job within the resolution to launch a cryptocurrency providing at Arte.

Miami is changing into a real metropolis of tomorrow,” stated Alex Sapir, Chairman of Sapir Corp LTD, whose Israel-and New York-based subsidiary, SC 8955 LLC, developed the undertaking. “As essentially the most unique luxurious constructing within the metropolis, we’re positioning ourselves for a future the place half the world’s billionaires are crypto billionaires, which is able to occur as soon as Bitcoin reaches $200,000. With cryptocurrencies already creating unimaginable worldwide wealth, it is actual property that may maintain that wealth and supply consumers with a legacy. Cryptocurrency is a vital and precious asset, and we consider it is solely pure to set the tempo in the true property business for these kind of transactions at Arte, not simply sustain with it.”

“Cryptocurrency shouldn’t be solely a viable and sustainable new asset, it is also the way forward for wealth,” stated Giovanni Fasciano, co-developer. “As extra know-how executives transfer to Miami and produce cryptocurrency together with them, it’s essential that buildings begin to devise plans to make blockchain transactions simpler and safer for buyers. Arte is the one Miami condominium positioning itself to draw this group in the mean time, and we’re proud to take the lead in partnership with SolidBlock.”

Arte’s collaboration with SolidBlock is the primary of its sort. The firm pioneered the sphere of tokenization, spearheading the world’s first profitable industrial actual property safety token providing (STO), elevating $18M for the Aspen St. Regis Resort in 2018. Customizing options for personal entities to buy residential actual property in tokens is a brand new frontier for the platform, and one that might set an thrilling precedent for future large-scale luxurious developments.

“We are thrilled to have the chance to accomplice with the builders of one in every of Miami’s most sought-after buildings,” stated Yael Tamar, co-founder and co-CEO of SolidBlock. “Discerning and tech-savvy consumers each native and worldwide will admire gaining access to a platform that streamlines the method and helps them make investments on this wonderful alternative.”

Nestled in Surfside, the seaside enclave between Bal Harbour and Miami Beach, Arte is a boutique, oceanfront improvement on the heart of town’s most vibrant cultural, culinary and procuring locations. Featuring a shocking design by Italian grasp architect Antonio Citterio, the constructing provides impeccable interiors and finishes, in addition to ten-star facilities and repair. The improvement was constructed to cater to an unique choice of consumers who haven’t discovered high quality design, unique privateness or excellent service anyplace else in Miami.

Arte residents take pleasure in a sturdy suite of facilities not present in different Miami luxurious condominiums. They embrace a 75-foot indoor swimming pool, an out of doors swimming pool and beachfront meditation pond, a rooftop tennis courtroom, state-of-the-art health heart and yoga studio and sauna and steam room. Additional services embrace a kids’s playroom with area for distant studying, residents’ lounge, catering kitchen for out-of-home entertaining, and personal temperature-controlled parking areas.

Prices at Arte by Antonio Citterio begin at $10.3 million – or the equal cryptocurrency fee – and the spacious three- to five-bedroom plus residences vary in dimension from roughly 3,150 to 7,550 sq. ft. Sales are completely dealt with by Douglas Elliman Development Marketing. For further info, please go to

About Douglas Elliman Development Marketing (DEDM) 
Douglas Elliman Development Marketing, a division of Douglas Elliman Real Estate, provides unmatched experience in gross sales, leasing, and advertising and marketing for brand spanking new developments all through New York City, Long Island, The Hamptons, Westchester, New Jersey, South Florida, California, Massachusetts and Texas, in addition to all through the United States and internationally. The agency ranks amongst New York City’s most outstanding gross sales and advertising and marketing corporations with over 100 in-house improvement professionals and an over $87 billion international new improvement portfolio. The firm’s hybrid platform of matching skilled new improvement specialists with expert brokerage professionals offers unparalleled experience and actual time market intelligence to its shoppers. Drawing upon many years of expertise and market-specific information, Douglas Elliman Development Marketing provides a multidisciplinary strategy that features complete in-house analysis, planning and design, advertising and marketing, and gross sales. Through a strategic international alliance with Knight Frank Residential, the world’s largest privately-owned property consultancy, the corporate markets properties to audiences in 61 nations.

About SolidBlock
Based in NYC and Tel Aviv, SolidBlock is a cutting-edge property-backed securities buying and selling platform pushed by a imaginative and prescient of creating actual property work for everybody. Current tasks embrace tokenization tasks for residential, industrial, and hospitality-based properties in the United States, Europe, and Asia. Through its intensive partnership community, SolidBlock can be working to additional interoperability and regulatory standardization and remove roadblocks to digital markets and investing.

SOURCE Arte by Antonio Citterio

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