New York and Miami-based Aria Development Group is pleased to announce the completion of YOTELPAD Miami, a 31-story condominium and hotel in the heart of Downtown Miami. The stylish mixed-use project was the first new construction condominium in the area to offer buyers the option to rent out their units for short-term stays without restrictions.
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YOTELPAD Miami Reaches 50% Sold Six Months After Launching Sales In Downtown 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.
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The Stantec-Designed YOTELPAD Miami Breaks Ground In Downtown Miami
Aria Development and joint venture partner AQARAT real estate company have officially broken ground on YOTELPAD Miami, the 31-story Stantec-designed hotel/condo project in Downtown Miami. Stantec is providing not only the architecture and interior design but also engineering services for the 327,356 SF high-rise located at 227 NE 2nd Street.
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Check Out These Newly Released Renderings of YotelPad Which Is Set To Break Ground In Downtown Miami Q4 2018
YOTELPAD has released new renderings as the project gears up to break ground by Q4 2018. The project is expected to cost $150 million and has set a timeframe for delivery in 2020. YOTELPAD in Downtown Miami will be the first East Coast location of YOTEL's new YOTELPAD concept.
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Downtown Miami's Planned YOTEL Will Launch As Residential-Hotel Hybrid Concept YOTELPAD Miami
YOTEL, which was approved in July by Miami's Planning & Zoning Department, will launch as the first East Coast location of their new YOTELPAD concept. Located at 227 NE 2nd Street, the YOTELPAD will be a 29 story tower designed by Stantec, will include both 208 residential units and 250 micro-sized hotel units.
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YOTEL Gets Final Approval for Downtown Site, Will Be Built Without Parking
The YOTEL has gotten its final approvals to come to Downtown Miami from Miami's Planning & Zoning Department. The hotel will be built without parking as the 10 story parking structure was not approved, an increasingly popular aspect of new construction buildings in the Downtown area as Miami continues to grow into a more pedestrian city. The YOTEL will be a 29 story tower, which is being designed by Stantec, will include both 188 apartment rentals and 225 micro-sized hotel units. The YOTEL is being developed as a joint venture between Agarat, a Kuwaiti real estate company, and Aria Development Group.
YOTEL Hotel & Apartments Submits New Proposal to Miami's Planning Department
YOTEL Hotel & Apartments submitted a new proposal that removes the parking garage to Miami’s Planning Department. Due to the locations proximity to the Metromover, the zoning does not require parking for residential units. The proposal includes offsite parking for the hotel units as well as a scaled back plan for the tower that adjusts the project rom 45-stories to 29-stories which would house 188 apartment units and 225 hotel rooms. The previous 45-story proposal had 180 apartment units and 262 hotel rooms with a 10 story garage that had 144 spaces. YOTEL Hotel & Apartments is being developed in a joint venture between Aria Development Group with the Kuwaiti firm Agarat. The building is being designed by Stantec and will be reviewed by Miami's Urban Development Review Board next week. The YOTEL brand offers affordable hotels with micro-hotel style accommodations with locations in New York City, London Heathrow, London Gatwick, Amsterdam Schiphol, and Paris amongst others.
