Blockchain.com to Establish New Miami Office
The Crypto company will anchor a Wynwood office building with naming rights
Blockchain.com recently signed a lease to occupy the top two floors of Tricera Capital and LNDMRK Development’s Cube Wynwd building as its new Miami office. The company will occupy 22,000-square-foot, bringing Cube Wynwd to full occupancy less than 10 months after Tricera and LNDMRK acquired the Class A, 100,000-square-foot office and retail building. Blockchain.com is one of the most widely used consumer crypto platforms and will soon begin designing its permanent office on the seventh and eighth floors.
“We are thrilled to welcome Blockchain.com to Cube Wynwd and the Wynwood neighborhood,” Ben Mandell says, Tricera Co-Founder and Managing Principal. “Blockchain.com’s leadership shares our long-term belief in Wynwood, which still has vast potential on top of the incredible growth and activity that has already occurred.”
As part of its move to relocate national headquarters from New York to Miami last year, Blockchain.com plans to aggressively hire throughout the South Florida job market while committing to make a significant investment to support the local STEM community.
“As Miami solidifies its status as a mecca for crypto, we couldn’t be more excited to announce the location for planting our permanent roots in the city,” Peter Smith says, Blockchain.com CEO. “The speed at which our business is growing matches that of Wynwood and Miami itself, creating the perfect backdrop for us to continue scaling worldwide from our very own Blockchain.com building.”
Tricera and LNDMRK purchased Cube Wynwd, including ground-floor retail space and a verdant rooftop terrace occupied by popular Japanese restaurant Kissaki, in an April 2021 off-market transaction. Cube Wynwd, at 222 NW 24th St., is the neighborhood’s first boutique office-over-retail building and just 35% occupation at the time of Tricera and LNDMRK’s acquisition. Recent tenants include Ecuadorean fintech firm Kushki, Shaolin Capital Management, Brazilian footwear manufacturer Grendene, office supply and furniture online retailer Poppin and tech firm Transmit. Renowned chef Gabriele Bonci’s Rome-based Bonci Pizza and Mini Market are among the existing retail tenants. The building features loft-style office space with expansive floor plates.
“We are proud of the building’s dynamic tenant roster, with Blockchain.com joining numerous new-to-market companies. Wynwood will continue to experience intense corporate relocation demand from the technology and finance sectors.”
Danet Linares, Tere Blanca and David Valdez of Blanca Commercial Real Estate, Inc. represented Blockchain.com in the Cube Wynwd lease. JLL’s Eric Groffman, Cameron Tallon and Edward Quinon represented Tricera and LNDMRK.
Tricera and LNDMRK are also partnering with The Related Group to develop The Dorsey, a 12-story apartment building with a parking garage and nearly 95,000 square feet of office and retail space on a former Coca-Cola plant in Wynwood.
“Cube Wynwd is a case study for how we identify off-market opportunities and move quickly to execute our hands-on ownership approach,” Scott Sherman says, Tricera Co-Founder and Managing Principal.