Metrospaces Inc (OTCMKTS:MSPC) on July 15, 2021 announced developing 9 high-end villas as well as 4000 sft home, which would be incorporated into the firm’s Co-Living platform.
The launch date of the project is set for September 15 for the co-living platform MetroHouse. The company is focusing on acquisition of units incorporating co-living strategy as well as secondary cities and digital nomad destinations.
The Dominican Republic, an established digital nomad destination, caters to high-end digital workers roaming the globe to first-class destinations. Inarchi Architects will be the local co-developing firm.
Brito said that the firm plans to have a minimum of 15-20 rooms incorporated into its platform by the launch date and aims at 100-120 total rooms by 2021 end.
Brito added that Philadelphia will be the first US city with Dominican Republic as itsfirst international city. He added that the development is exciting as developers can use sale proceeds for financing the construction.
The company aims to keep less cash investments along with retention of most profitable, long-term part of the project’s revenue. Metrospaces opines that the Tokenisation space will be best by firms offering compelling real estate. Brito feels that real estate inventory is being built for incorporating up-and-coming tokenization platform.
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