Four Seasons Hotels & Resorts is planning a new luxury development to compliment its top-tier hotel on Paradise Island, with the launch of The Ocean Club, Four Seasons Residences in
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XBTO CEO Philippe Bekhazi and Two Roads Development’s Reid Boren with 2955 Northeast Seventh Avenue (Google Maps)
Cryptofinance firm XBTO Group is moving its headquarters to Miami.
The New York-based firm paid $5.4 million for a waterfront commercial condo at Biscayne Beach in Miami’s Edgewater neighborhood. Two Roads Development, which built the 51-story tower, sold the 5,400-square-foot space, said Arden Karson of Karson & Co., who brokered the deal. It traded for $976 per square foot.
Arden Karson
XBTO Group could not immediately be reached for comment.
The commercial unit at 2955 Northeast Seventh Avenue hit the market last year for $6 million with Karson and Douglas Elliman’s David Restainer.