E11EVEN Hotel & Residences, a luxury high-rise set to break ground this year, will be the first project of its kind to accept cryptocurrency as a form of payment, according to its developers.
The condominium, developed by national real estate developer PMG and E11EVEN Partners, will be in Downtown Miami's Park West district. PMG is the first development company to accept cryptocurrency for condominium deposits in preconstruction projects, according to founder Kevin Maloney.
Kevin Maloney, founder of national real estate developer PMG. Courtesy photo
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Melea VanOstrand
Melea VanOstrand oversees the Daily Business Review as ALM's Florida Bureau Chief. Email Melea at [email protected] or follow her on her Twitter or Facebook pages.
