The Next Miami will return to a regular publishing schedule on April 29

Carless 31-Story Yotelpad Breaks Ground After Quickly Selling More Than Half Of Units

Yotelpad building is now under construction in Miami, becoming the latest building to break ground without a parking garage. A groundbreaking ceremony was held by the developers this morning.

It is selling fast, with more than 50 percent of units sold in six months. More than 40 percent of buyers are investors from Mexico and China, with a substantial amount of investors also coming from Argentina, Colombia and other South American markets.

“Our team has sold over 18 units per month over the last six months – that is 111 units and counting. This is something we have not seen in Miami in a long time,” said Peggy Olin, president and CEO of OneWorld Properties. “Buyers understand the value and freshness of the YOTEL brand and are looking for flexibility and a prime location. Miami serves as a significant gateway to global markets and has one of the largest financial districts in the U.S. Our team was able to take all the incredible elements of this project and the Downtown area to deliver the right product for this market.”

The project includes two components, with hotel rooms on the lower floors and condos on the upper floors. In total, Yotelpad will include 231 residential units (PADs) and 222 hotel rooms (cabins).

Only the residential units are being sold, located on level 15-31. Sizes range from 417-square-foot studios to 708-square-foot two-bedrooms, with pricing starting in the $300,000s and an average price of $650 per square foot.

Upon completion of the project, Yotelpad Miami will include three Techi robot butlers capable of delivering beverages, food, gifts, documents and more. Two of the robots will be available to residents and one will be designated to guests of the hotel. The robots can be programmed to speak a variety of languages, dialogues and play digital files with music and voice recordings.

Other amenities include concierge services, secure bike storage, matcha bar, full-service restaurant and bar with outdoor seating and private dining, fitness center, co-working space, a lounge, pool deck and pet salon. In addition, each PAD will come with a dedicated storage unit.

Stantec is the lead architect, interior designer and engineer for the project.

“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.”

Completion is scheduled for early 2021.

 

30
Leave a Reply

  Comment Notifications  
newest oldest most voted
Notify of
Anonymous

“latest building to break ground without a parking garage”

Awesome because we need less buildings with giant parking pedestals in the urban core, but also awesome because it means less people posting about buildings with giant parking pedestals in the urban core on this blog.

Not sure which gives me more relief

Anonymous

For this being a building without a parking garage, they sure did a shit job at not making it look like it has a big ass parking garage.

Anonymous

Don’t know Miami 21 that well, but doesn’t the code have weird increasing setbacks as the height of a building goes up?

Miami

SO TRUE!

Anonymous

Why is there a prison at the base?

Anonymous

Hotel units.
This building is a great addition to the downtown core.
Happy it’s under construction.
It will bring lots of foot traffic and hopefully get momentum going that parking in the CBD should be optional and not mandatory

Anonymous

kind of small to really impact an area already full of foot traffic from MDC. Real question is how hotel will perform at this location. Cheers

Anonymous

It looked like a prison in previous renderings when the window placement had that stupid shifting effect which makes buildings look cheap. Undeniably an improvement here.

Anonymous

Ok this made me literally LOL

Sgt. Sapingo

$650/ft for that project is ridiculous.

Anonymous

for small units though

Anonymous

Beautiful infill and its in between to metro mover station so i’m glad it doesn’t have any parking on site.

Anonymous

The hotel portion would have looked a lot nicer with floor to ceiling windows instead of those port holes, and some of their signature purple color on the roof top. Designers take note.

Anonymous

More expensive to build, electricity, cleaning,

Anonymous

Money well spent

Really???

Actually not, at the Yotel price point people aren’t paying extra for a hotel room for the outside of the building to look better. Most people don’t hang out on real estate blogs and focus on the exterior of the building and then pay more for a hotel room because of it. Location, nice lobby, nice amenities, etc. are what they are looking for.

Anonymous

Clearly you haven’t seen that it’s been done before in most of their properties

Anonymous

Centro not yotel pad is biggest building without parking garage

Anonymous

Loft 2

Magazine

700sq ft two bedroom apartments at $650/sq ft? hahaha 🙂

Anonymous

“The building’s modern, stylish architecture and sophisticated interiors will make a bold design statement in downtown Miami.”
such a not true statement!!!

Anonymous

The robots will solve all the problems

Anonymous

700 SF 2 BR units!! Closet sized bedrooms?

Anonymous

Reminds me of Vancouver BC where some bedrooms measure out about 8 1/2 by 9 in so called luxury buildings in the suburbs and can be priced at nearly $1000 cdn per sq foot.

Anonymous

How did commenters miss this?

Anonymous

Condo units this size not having parking is not such a leap, but not so for the hotel.

POLO

Another BOX!

Anonymous

Great Building ..this is the only Building I would think about buying ..the short term rental rights are gold !

Anonymous

What a great investment! NOT

Anonymous

Love it!! Welcome to the future!