YotelPad Completely Sold Out After Just 15 Months, Says They Are The Fastest Selling Condo High-Rise in Miami

Downtown Miami’s under-construction 31-story YotelPad tower is now completely sold out.

All 231 condo units have been sold, just 15 months after sales launched (75 percent of units were sold in 9 months). The developers say the project is the fastest selling high-rise condominium project in Miami, breaking records.

No parking garage is being built.

Completion of Yotelpad is scheduled for 2021. Vertical construction began last month following a foundation pour on August 10.

More than half of buyers came from Mexico, China and Colombia. Owners can place their units into a leaseback program and there will be no restrictions on short-term rentals.

OneWorld Properties oversaw sales. Since it was founded, the broker has had over $3 billion in residential sales in the U.S., with international buyers account for 80 percent and offices in Shanghai, Beijing and Shenzhen.

Developer Aria Development Group and One World Properties will be hosting a private event in October to acknowledge the sales team and outside brokers involved in the sellout of Yotelpad.

 

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David

How is 15 months the fastest in history? Back in 2007 buildings were selling out in a day. In 2010 if a building didn’t sell out in a month people wondered what was wrong with it. Great that it sold out but why put nonsense in the press release?

Anonymous

Miami’s future is bright!!!. Would love to see City Officials helping the economy by relaxing air&b laws (short term rentals regulations), so everyone can benefit (owners with extra sources of income, public with alternative options to traditional hotels, City with taxes that they can charge every time a property is rented).

Anonymous

And they would love the hundreds of thousands of dollars they pocket for doing so. Nothing worth having is free.

Anonymous

No parking = Centro Lofts LOL

Anonymous

you don’t like Centro ?

Anonymous

does anyone like Centro? grosssss

Anonymous

I love it

Anonymous

I love Centro, they should build more buildings like that in Downtown Miami.

Anonymous

No parking is a deal breaker for most people.

Anonymous

Yes, clearly. That’s why a building with no parking was the fastest selling condo high rise in Miami history. Like Yogi Berra said, “Nobody goes there anymore, it’s too crowded.”

Anonymous

It was sold because of the no rental restriction and its affordable price point… not because no parking.

Anonymous

Thank You!!! People fail to miss these important facts. The headline should read “Hotel building”

Anonymous

yes duh. thank you for being the smart one.

Anonymous

Man, if only there were a way to lower the price point of condos, like, oh, I don’t know, not building a parking structure.

Anonymous

And prices were affordable because of no parking.

Anonymous

WHAT?! Sold because it was affordable… PREPOSEROUS! No one wants affordable priced housing in downtown, please!!!

Anonymous

There is a giant public garage (privately owned) located across the street.

Anonymous

How are the elevators working in Centro these days ?

Anonymous

$200 a month extra for parking across the street.. good luck

Anonymous

lil wayne is the goat he will live in this particular building at the 29th floor because 6 foot 7 foot is my favorite song

Anonymous

Does anyone know the price point of this project?

Anonymous

I’d love to know how may units are being occupied by car-less South Floridians living here year round vs. foreign buyers putting their unit into the lease back program and making some money via air bnb. There’s some irony in the fastest selling condo in miami being one without parking lol. That being said, it’s still a win to see a developer build without parking.

Anonymous

who cares

Anonymous

What get to me isn’t that there is no parking yet a podium like come on lmao

Anonymous

that’s the ‘hotel’ portion.

Anonymous

Were you the hipster architect they fired who designed the ugly original lower component?

Anonymous

Huh?

Anonymous

No parking = huge success!