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metrospaces.net

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Portfolio Exits

1

About Metrospaces

Metrospaces is a publicly traded real estate investment and development dompany which acquires land, designs, builds, and develops then resells condominiums and Luxury High-End Hotels, principally in urban areas of Latin America.

Metrospaces Headquarter Location

235 East 40th Street Unit 20H

New York, New York, 10016,

United States

646-850-3374

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Latest Metrospaces News

MetroSpaces is Opening a New HQ2 in Dallas

Aug 31, 2021

MetroSpaces is Opening a New HQ2 in Dallas New York-based MetroSpaces will be co-locating in Deep Ellum with Dallas-based Shokworks, a tech firm that helps companies go digital-first. The partners recently unveiled major initiatives including a blockchain-powered co-living platform and first-class co-living destination in the Dominican Republic for high-end nomad capitalists. Rendering: Shockworks MetroSpaces, a proptech pioneer that’s powered by Dallas-based Shokworks, is creating a new HQ2 in Deep Ellum and bringing on executive hires to support it. New York-based MetroSpaces will be co-locating at 2904 Commerce along with Shokworks, a tech firm that helps companies go digital-first, and its real estate partner, ELEV8 Locating. The 3,000-square-foot space is set to open in the next week. “The reason we’ve chosen to set up HQ2 in Dallas is the proximity to all the new tech innovation in North Texas, including working alongside our tech partner Shokworks,” MetroSpaces CEO Oscar Brito says. “This is a great hub for our co-living platforms because of the amazing real estate opportunities here and in second-tier cities nearby.” Initially, Shokworks plans to have around 10 to 20 members of its team in the space before the end of the year. Shokworks CEO Alejandro Laplana told Dallas Innovates ELEV8 will assist in growing the company’s footprint both in terms of square footage and staff through 2022. “We see Deep Ellum as an emerging business community, kind of like Brooklyn 10 years ago,” he says. “I love that not only are we seeing businesses move to the area, but that it offers a vibrant lifestyle to live, work, and play.” MetroSpaces hires a CFO MetroSpaces will also be growing its North Texas teams, starting with leadership. The first major hire is Steven Plumb, who has been brought onto the MetroSpaces team as its new chief financial officer. Plumb was most recently the CFO of private medical device company Artella Solutions. Prior to that, he served in a similar role at DirectView Holdings Inc., ProBility Media Corp., and Bering Exploration Inc. He was also a former auditor at PriceWaterhouseCoopers and KPMG. “Steven has an amazing reputation as a financial leader and brings so much relevant experience to MetroSpaces as we grow,” Brito says. “His work as CFO with tech-forward companies coupled with his big four experience make him a great partner for our current and planned financial goals.” Brito also chose California-based WWC as MetroSpaces’ auditor, a forty-year-old firm that he says has an impressive track record in PCAOB and Sarbanes-Oxley audit environments. He also hopes to re-list with the SEC following the next audit season. Brito originally expected to fill the CFO role during Q1 of next year, but MetroSpaces’ business, investments, and operations have grown faster than he anticipated, he says. That’s mainly due to a few recently announced major initiatives. As part of MetroSpaces’ digital evolution from a luxury real estate developer into a proptech that leads technological transformations in the real estate market, the company partnered with Shokworks to rebrand and launch two proptech developments. Tech-enabled co-living properties for digital nomads Planned for launch in Q4 of 2021 is MetroCrowd, a blockchain-powered co-living platform from MetroSpaces and Shokworks which will allow for the tokenization of a real estate portfolio. The goal is to make the investment process more transparent and accessible. Rather than acquiring an entire space, the platform will offer future token buyers an opportunity for outsized returns with small investments—thus helping to capitalize the venture. “We use standard token offerings to provide investment options to retail investors outside of the U.S.,” Laplana told Dallas Innovates. “We’re reducing barriers to transaction and to entry with AI-based tools for contract interpretation. So we want any person to be able to buy a fraction of a property, anywhere in the world.” A newly acquired Houston office complex will be part of the soon-to-be-released MetroCrowd. Metrohouse will “redefine the co-living world” Infinity View Villas is a high-end development in the Dominican Republic that will house nine villas, a 4,000-square-foot home, and a members-only rec space. Phase one’s completion date is set for mid-2022. Laplana describes it as “WeWork meets Soho House.” As the Dominican Republic continues to holds its status as a first-class destination for high-end nomadic digital workers, Infinity View Villas will act as a place for them to work and live together through exclusive means. The living space will come with pre-vetted roommates and a lodging style designed to fit residents’ needs. It opens up the possibilities for people to spend three to six months in a country they love, without necessarily choosing to take ownership in those places. More luxury residential destinations are to come, all for working travelers looking to build, support, or lead a company from anywhere on Earth. “Younger generations have flocked to co-living as a way to live smarter and more efficiently,” Brito says. “MetroHouse is the perfect partner for an urban professional seeking to either monetize their existing real estate investment or find a unique leasing opportunity.” Get on the list. Dallas Innovates, every day. Sign up to keep your eye on what’s new and next in Dallas-Fort Worth, every day. One quick signup, and you’re done. "WeWork meets Soho House" in a new venture from Shokworks, a local tech firm that helps companies go digital first. Infinity View Villas, a development from Miami proptech Metrospaces, is a first-class destination in the Dominican Republic for high-end nomad capitalists. Metrospaces is powered by Shokworks, which has an ownership stake in the company and helped transform it from having a more traditional real estate lens. These quotable North Texans inspire, inform, motivate, or simply make us laugh. Have wise words of your own? Let us know. You can also sign up here to get "The Last Word" in the Dallas Innovates e-newsletter each weekday. Tuesday, August 31 “I cannot think of another time in human history where the energy business was being disrupted so significantly. Disruption breeds value creation.” Ashley Zumwalt-Forbes Co-Founder and President Black Mountain Metals ...on the opportunities disruption brings to energy, via Dallas Business Journal. Focused on electrification, Fort Worth-based Black Mountain owns and operates battery metals mines in Western Australia. But that's just one business.… Ryan Bingham stars in the new Lone River Beverage Company ad; Dallas' La Duni is using restaurant robots; Shavelogic partners with Jabil; RumbleOn/RideNow closing their merger and public offering tomorrow; InVeris Training Solutions acquires Dallas-based SURVIVR; and more stories from Dallas Innovates. Plus, you’ll find our top 10 most popular stories. Share via:

Metrospaces Portfolio Exits

1 Portfolio Exit

Metrospaces has 1 portfolio exit. Their latest portfolio exit was Etelix.com USA on February 19, 2019.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

2/19/2019

Acquired

1

Date

2/19/2019

Exit

Acquired

Companies

Valuation

Acquirer

Sources

1

Metrospaces Acquisitions

1 Acquisition

Metrospaces acquired 1 company. Their latest acquisition was Etelix.com USA on April 19, 2017.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

4/19/2017

Corporate Majority

$991

Corporate Majority

1

Date

4/19/2017

Investment Stage

Corporate Majority

Companies

Valuation

$991

Total Funding

Note

Corporate Majority

Sources

1

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