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YOTELPad Miami Ready to Go Vertical
Posted on: July 25, 2019
Aria Development Group and AQARAT are the sponsors of the luxurious tower of condominiums and hotels, it is said to be the first such project on the east coast. Completion is set for 2021.
By Gail Kalinoski
With more than 95 percent of its 231 units already sold, YOTELPad Miami is ready to begin vertical construction of the 31-story mixed-use development that will be the first of its kind on the east coast. The partners of the joint venture Aria Development Group and AQARAT chose Beauchamp Construction, based in Miami, as the general contractor to implement the luxury micro-units project, whose completion is scheduled for early 2021.

An extension of the global YOTEL brand, YOTELPad Miami's residential units vary in size from 417 square feet studios to 708 two-bedroom rooms. Located on floors 15 to 30 of the building at 227 NE Second St. in downtown Miami, the residences will be built over the hotel, which will have 222 rooms. Located less than 8 miles from the Miami International Airport, the development will offer residents easy access to public transportation, restaurants and entertainment venues.

OneWorld Properties, which launched sales for condominiums in June 2018, sold 50 percent in six months and has now sold more than 95 percent of the units.

Aria, a real estate investment and development company based in New York and Miami, and AQARAT, one of Kuwait's leading real estate companies, began construction of YOTELPad Miami in February. Stantec offers architecture, interior design and engineering services. The developers approached Beauchamp Construction as the general contractor for the project because they wanted a company with a solid reputation and proven local history, said David Arditi, director of Aria. Beauchamp is an award-winning and major general contractor that has been based in Miami since 1980. Major projects in Miami include Wynwood 25, Opera Tower, the PortMiami tunnel buildings, Alhambra Towers and Cassa Brickell.

Amenities will include a 2,000-square-foot lounge with a chef's play area and kitchen, a full-service restaurant and bar with outdoor tables and private dinners, a gym, shared work space, pool terrace, pet lounge, Bicycle storage and individual storage units. There will be concierge services along with the services of three butlers of Techi robots from Techmetics that can deliver drinks, food, gifts, documents, packages and more.

BRAND YOTEL HITS DC

In April, a joint venture of Metrovest Equities and BLDG Management bought Liaison Washington Capitol Hill, a 343-key hotel in Washington, DC for $ 111 million from Pebblebrook Hotel Trust. Located at 415 New Jersey Ave. in the Capitol Hill neighborhood, the new owners said they planned to convert and change the brand to the concept of YOTEL . Hubert Viriot, CEO of YOTEL, said the acquisition of the hotel provided a new development strategy for YOTEL to take over existing properties and use its adaptable and innovative designs for the needs of modern travelers. Due to its location, the hotel is ideal for both business and leisure travelers and YOTEL will offer its "cabins" for short stays and autonomous PADS for extended stays. The hotel will also have important spaces for private meetings and joint work.

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