RAFA Racing Club, Maximo Capital, and XSpace Group have entered into a joint venture to develop a series of five luxury multi-use industrial condominium projects across the United States — creating the ultimate ecosystem for automotive culture and community.
The program’s first phase will focus on projects in Miami/Boca Raton, FL; Charlotte/Mooresville, NC; Dallas/Fort Worth, TX; Scottsdale/Phoenix, AZ; and Los Angeles, CA, with additional markets across the country, including Las Vegas, NV, under evaluation for subsequent phases. The five-project first phase is projected to generate $250 million in total sales revenue.
Each project’s ground floor will feature a RAFA Racing Club Social & Performance Centre — a members-only clubhouse, event space, and lifestyle hub, delivering a bespoke lifestyle experience to every unit owner. The remainder of the floors will host premium ownable flex condominiums, purpose-built for collectors, entrepreneurs, and investors to store and enjoy their automobiles.
“Our goal from day one with RAFA Racing has been to connect people through a shared love of performance and community,” said Rafael Martinez, Founder of RAFA Racing Club and Principal of Maximo Capital. “By pairing XSpace’s forward-thinking condominium design with the exclusive hospitality, networking, and high-performance environment of a RAFA Racing Club clubhouse, we’re establishing a community blueprint where passion meets community.”
“We’re building the most valuable community-driven real estate product in America — and RAFA Racing Club is the anchor that makes it unlike anything else on the market,” said Byron Smith, Founder, XSpace Group. “By integrating our flexible, high-end industrial condominiums with RAFA’s world-class hospitality and automotive community spaces, we are completely redefining what commercial real estate can be for the motorsport enthusiast.”
The architectural concept splits the properties into two distinct but deeply integrated ecosystems. The upper levels will feature XSpace’s signature premium, ownable flex industrial condominiums, ranging from customizable small footprints to expansive multi-thousand-square-foot layouts. These spaces offer collectors, investors, and entrepreneurs a private canvas to create their ideal spaces for cars, collections, offices, and studios.
The entire ground floor of each building will be operated by RAFA Racing Club as a Social & Performance Centre. These member-only hubs will feature:
- High-End Hospitality: Luxury member lounges, premium dining, working, and networking spaces, and high-security collector vehicle storage, as well as white-glove concierge service.
- Advanced Simulation: Elite simulator rigs for practice, track mapping, and driver development.
- Performance Diagnostics: Dedicated fitness and conditioning resources tailored for competitive and track day drivers.
Maximo Capital will serve as the lead LP equity partner and fully acquire all of the first-floor space across all five initial locations, to serve as RAFA Racing Club Social & Performance Centres. XSpace Group will spearhead the program as the master developer and construction manager, contributing its proprietary design intellectual property.
