Fortune Christie’s International Real Estate agent, Francisco Paez, has brokered a $14,000,000 commercial real estate transaction settled entirely in cryptocurrency. The transaction involved the sale of pre-construction ground-floor retail space in Miami’s Wynwood Arts District.
The sale consisted of five individual retail units at Mohawk at Wynwood, a 300-unit multifamily development currently under construction at 50 NE 29th Street. The retail component achieved approximately $1,850 per square foot, establishing a new national benchmark for pre-construction retail pricing.
Notably, the acquisition was completed using Tether (USDT), a stablecoin pegged to the US Dollar, underscoring Fortune Christie’s International Real Estate’s ability to execute complex, high-value transactions utilizing alternative forms of capital in today’s evolving investment landscape.
“Transactions of this scale require precision, flexibility, and a deep understanding of both real estate and the evolving financial landscape,” said Francisco Paez, who represented the buyer. “This deal reflects how sophisticated investors are approaching commercial real estate acquisitions today.”
The transaction further reinforces Fortune Christie’s International Real Estate’s role as a brokerage capable of advising clients across both traditional and emerging transaction structures, particularly in high-value residential, commercial and mixed-use developments.
Mohawk at Wynwood is being developed by Miami-based Rilea Group and is scheduled for delivery in Summer 2028. Located in the heart of the Wynwood Arts District, the project is positioned within one of Miami’s most active mixed-use corridors.
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