As developers prepare to break ground on Miami’s 31-story YotelPad project, newly released renderings provide the best glimpse yet of the unusual combination hotel and residential concept.
Slated to rise at 227 NE 2nd Street, the downtown development represents the first East Coast location for Yotel—a company fast making a name for itself with design-focused, millennial-friendly micro lodging.
Here, the Stantec-designed project calls for 250 “Yotel cabins” (compact hotel rooms) topped by 215 fully-furnished residential “pads.” These studio, one-, and two-bedroom condominium-style homes start around $300,000 and feature floorplans ranging between 417 and 708 square feet in size.
Building residents will be able to take full advantage of hotel common areas and restaurant spaces. As an added perk, the development allows—if not encourages—its unit owners to lease out their properties as short-term rentals.
Aria Development Group and partner AQARAT plan to begin construction on Miami’s $150 million YotelPad in the fourth quarter of 2018. Delivery is expected sometime in 2020.