Although the shock of the COVID-19 crisis is still raw, many are already playing Monday morning quarterback, endlessly discussing what could or should have been done differently. Others are seizing on this moment to discuss what the future will look like on the other side. What buildings and products will become and how new technologies will be integrated to facilitate a post-COVID lifestyle. Admirable, as we all look to adjust to this new normal.
Cryptocurrencies are facilitating open markets with personal autonomy and no middle men. And, let's be honest, that frustrates a lot of powerful people. There are over 2.5 million items that you can buy using cryptos! What you may not realize is that commercial real estate is one of them. Forward-thinking developers and funds are offering options to invest into their commercial real estate projects using these digital currencies, often right alongside institutional equity. It's an attractive option - particularly for many who are seeking to invest their crypto profits into a historically stable asset class.
Are you currently staying far away from the volatility and plummeting prices of the current crypto-market? It’s a natural reaction, especially in such unpredictable times. The media draws the public attention towards the negatives, but experienced investors see a downturn in any market for what it really is: a great opportunity.
As ingrained as sustainability has become in our industry’s leading hotel companies, few individual brands have emerged as truly green brands. Lucky Shepherd recently launched its Shepherd Eco sustainable hospitality brand. The first hotel will open in 2022 in Miami. I spoke with Christine Menedis, Lucky Shepherd Co-Founder and CEO last week about her company’s new brand.
An investment group has announced plans to build a hotel & residential building in Wynwood. Lucky Shepherd plans to build the Shepherd Eco at 60 N.E. 27th St. The company is in contract to purchase the property with an expected closing date in 2Q 2020, according to the SFBJ.
Commercial real estate group Lucky Shepherd plans to open the inaugural location of its new sustainable hotel brand, Shepherd Eco, in Miami's Wynwood neighborhood. Expected to open in 2022, the Shepherd Eco Wynwood will house 150 guestrooms and 48 residences.