Miami will soon welcome a new tenant from Silicon Valley.
Fintech startup Nirvana technology, led by a tech veteran Bill harris, signed a three-year lease for 3,700 square feet in the Wynwood neighborhood of Miami.
Request rent for the office at 120 NE 27th Street was $ 38 per square foot, owner Bill rammos told Commercial Observer. The deal was closed last month and Nirvana is expected to take ownership this fall.
The other tenants of the two-story building include construction companies, Brodson and Square, and another transplant from California, Crexi, a commercial real estate technology company.
“Millennials appreciate mixed use – where you have offices, great restaurants, great nighttime entertainment, and great accommodations. It all comes together in Wynwood, ”said Rammos. These equipments help attract future tech employees, he added.
The digital banking startup plans to hire 50 Miami-based employees by the end of the year and 200 by 2022, according to a statement from Nirvana. The company aims to simplify the finances of everyday consumers.
“We’re bringing the fire of Silicon Valley – innovation, ambition and mission – to the new Silicon Beach,” Harris said in prepared remarks.
The CEO has a long and impressive tech CV, which includes positions as CEOs of fintech giants Pay Pal and Intuit, and as a board member of a web hosting company Come on daddy.
Since the pandemic hit, Miami has attracted top companies, thanks to its pro-business mayor and the state’s low taxes.
Tech tenants new to the market have moved to Wynwood, a trendy neighborhood famous for its eclectic murals. Back in March, the big venture capitalists Founders Fund and Atomic inked 10 leases at Annex Wynwood, a 60,000 square foot office complex. Apple would also have reconnaissance offices in the neighborhood.
DWNTWN Realty Advisors‘ Tony Arellano represented the owner.