By offering efficient-sized units, the minimalist product is increasingly popular among buyers seeking affordable prices
“We are thrilled to render our unique integrated services at Miami’s first YOTEL brand,” said Adriana Jaegerman, senior principal in Stantec’s Miami office. “The building’s modern, stylish architecture and sophisticated interiors will make a bold design statement in Downtown Miami.”
This is the first building to sell more than 50 percent of the project in one semester, "at a rate of 18 units per month, setting a record in the US real estate market"
Yotel, known for its “affordable luxury hotels” in New York, Singapore, Boston and San Francisco broke ground on a new mixed-use residential building in downtown Miami. The high-rise’s bottom floors will be made up by hotel rooms and the top floors of the building will be condos. Referred to as “Pads” by Yotel, these condos will be built with apps like Airbnb in mind, as there are “zero rental restrictions” on the Pads, freeing owners to rent out spaces to temporary guests.
The 327,400 square-foot mixed-used asset will include 231 condos and 222 guestrooms. Aria Development Group and Aqarat expect the project to be completed in 2021.
When it opens, YOTELPAD Mammoth will be the third YOTEL property of its kind in the U.S. with YOTELPAD Miami opening in early 2021 and Park City opening in 2020.
YOTELPAD Miami broke ground in Downtown Miami, becoming the first YOTELPAD to open on the east coast of the U.S. The project, developed by Aria Development Group and venture partner AQARAT, is slated for completion in early 2021. The event opened with a moving speech from David Arditi, principal of Aria Development Group followed by Timothy Gordon and Joshua Benaim of Aria Development Group and Peggy Olin of OneWorld Properties.
YOTEL, the successful brand known for its cleverly designed affordable luxury hotels in New York, Singapore, Boston and San Francisco, makes its mark in the residential scene with the groundbreaking of its first two luxury condo PAD projects in the U.S. – YOTELPAD Miami and YOTELPAD Park City. With the groundbreaking of these two projects, YOTEL is making the dream of owning a vacation property in top destination cities more attainable.
This is the first development to sell more than 50 percent of the project in six months.
“The building’s architecture consists of two distinct elements separated by a lush amenity deck on the 12th floor,” says Jennifer Llop-Noy, project manager with Stantec’s Miami office. “The bottom portion of the building features a simple, yet elegant geometric design for the hotel, while the top half of the structure boasts floor-to-ceiling windows and balconies rising above the deck for the residences giving the overall composition a more dynamic look.”
YotelPAD Miami, a 31-story hotel/condo project, is currently under construction in Miami’s downtown urban core at 227 NE 2nd Street. Stantec is providing all-inclusive architecture, interior design, and engineering services for the project.
Aria Development Group, an investment and real estate development company based in New York and Miami, together with its partner, AQARAT, one of Kuwait's leading real estate companies, celebrates the start of the construction of Yotelpad Miami.
Aria Development Group, a New York and Miami-based real estate investment and development company, along with joint venture partner, AQARAT, one of Kuwait's leading real estate companies, has announced that YOTELPAD Miami is now 50% sold just six months after launching sales in June 2018. OneWorld Properties led by Peggy Olin is the exclusive sales and marketing team for YOTELPAD Miami. The mixed-use hotel and residential development, which will be the first YOTELPAD on the East Coast, is located in Downtown Miami and is slated for completion in early 2021. The development’s attractive short-term rental options without any restrictions and leaseback program offer owners flexibility. More than 40% of YOTELPAD Miami’s buyers are investors from Mexico and China with a substantial amount of investors also coming from Argentina, Colombia and other South American markets.
The next wave of Downtown living is here at YOTELPAD Miami.
Among the new developments benefiting from the dense populous of downtown Miami are Okan Tower, Paramount Miami World Center and YotelPad. ... When complete in early 2021, YotelPad Miami, located at 227 NE 2nd Street and developed by Aria Development Group, will feature 222 hotel rooms. Above them will be 231 residential units, ranging from 417-square-foot studios to 708-square-foot two-bedroom units.
“The building’s architecture consists of two distinct elements separated by a lush amenity deck on the 12th floor,” said Jennifer Llop-Noy, project manager with Stantec’s Miami office. “The bottom portion of the building features a simple, yet elegant geometric design for the hotel, while the top half of the structure boasts floor-to-ceiling windows and balconies rising above the deck for the residences giving the overall composition a more dynamic look.”
Yotelpad building is now under construction in Miami, becoming the latest building to break ground without a parking garage.
The YotelPad condo and hotel project has broken ground in downtown Miami, marking the trendy hospitality brand’s first condo on the East Coast.
Located at 227 NE Second St. in Downtown Miami, residences at the 30-story project start at around $300,000 and owners are able to rent out their units short-term through Yotel’s in-house rental program, AirBnB, or any other service, or of course rent them out longer term with a traditional lease.
Aria Development Group Principal David Arditi: Robotics are becoming more common in residential and hospitality projects — just take a look at our robot butler, Lulu, at YOTELPAD Miami. We recognized how much excitement robots generated at other YOTEL projects around the world, and we thought this would be a great addition to Downtown Miami. We see these robots like we see our other technology: an innovative element that doesn’t go too far. With the ability to make deliveries and help guests and tenants, they act as an extension of the staff and are a fun, unique way for people to engage with technology.
"We are the only sales development in the country that is offering the amenity of this robot. With this amenity, we attract young professionals, domestic and international buyers looking to live and invest in our brand, "said Peggy Fucci, president of One World Properties, the project's real estate agent.
Aria Development Group and AQARAT are building YotelPad, a hotel and 208-unit condo building in downtown Miami with zero rental restrictions. Buyers there are free to rent their units out themselves, on websites like Airbnb or through the Yotel program. (If they do use the building’s management system, owners would have to commit to a set period of time.) “It was definitely an intentional differentiating factor,” said David Arditi, a principal at Aria. “It’s something buyers find appealing.”
Set to open in late 2020, YotelPad Miami is being developed by New York-based Aria Development Group and joint venture partner Kuwait Real Estate Company (AQARAT).
“Everyone loves the service component [at luxury projects] and we always asked ‘Why is it only reserved for the very high end? Why can’t we bring it down a notch?’” David Arditi, founding principal of Aria Development Group, said. He said that after surveying the millennial market, the top priority was package delivery, so 24-hour package lockers will be provided at YotelPad.
There are also models like YOTELPAD Miami’s, which takes a proactive approach to the inevitable leasee-turns-landlord dilemma. The downtown condo community is the first in the city to allow short-term rentals without restrictions. “We've heard many stories of residential buildings having to deal with owners who are trying to skirt local legislation by renting out their units on a short-term basis,” said David Arditi, founding principal of Aria Development Group, the developer of YOTELPAD Miami. “They are typically not allowed to do so given condominium association and zoning restrictions. We thought, why not do something that addresses this head on and gives people the option to do what they are asking for?” It’s also a major marketing point for the brand, as it offers potential condo buyers an added revenue stream — not to mention more flexibility in their properties. “We believe the short-term rental option was something the market was seeking but was not being addressed adequately,” Arditi said. “The profile of buyers in the Miami market is largely non-local. Whether they are absentee owners or investors, there’s a strong desire to have the ability to rent units on a short-term basis. It creates maximum flexibility for the owners. People can use their apartment every day if they want or can rent it out 365 times a year, and everything in between.”
One of the most eccentric, innovative and creative amenities arrives at YOTELPAD Miami residences .. Designed and developed by the robotic company, Techmetics, the new service-oriented robot will work with employees, providing services and making deliveries to 231 PADs (residences) and 222 cabins (hotel rooms) and is strategically automated to interact with humans.
In between deliveries, you'll find one of these robots hanging out in the lobby where you can ask it questions. They can also play music and dance, or rather, move, with you. The Boston location already has one, Singapore has two, while a new Miami location, YotelPad (pictured), a mixed-use condo/hotel property, will offer one in the hotel when it opens in 2020.
One of the most innovative and creative amenities arrives at the residences of YOTELPAD Miami. Aria Development Group, developer of YOTELPAD Miami, welcomes the nation's first technological robot butler to the development of residential condominiums in downtown Miami.
The latest robot butlers to grace the hospitality industry will be the two at Downtown Miami YOTEL Hotel and one for the residents of the mixed-use development (the country’s first robot for condo residents). These robots will be able to talk, sing and interact with attendees as well as make deliveries any time of day or night as soon as the properties from YOTELPAD Miami open in 2020.
Totally autonomous, the robot moves at a speed of less than 5 km / h and can call the elevator to accompany the guest to his room or take him the room service. It has two compartments in which you can transport drinks, food, gifts, documents or anything else with a maximum weight of 35 kilos. Customers control it through an application, and can be programmed to speak different languages. When it does not have to serve any order, the robot walks through the reception offering sweets, music or conversation. It is expected that in the future it may offer other services, such as informing travelers about their flights in real time, for example.