Yotelpad Reveals Pricing And Construction Date, Sales About To Launch

Yotelpad Miami is about to launch sales for its 215 condo units.

Sales will begin in April, with construction to get underway in October 2018.

Prices will start in the in the $260,000 range, with average prices of $650 per square foot for fully finished PADs, according to a spokesperson for the developer Aria Development Group (parking is not being built).

It is the first Yotelpad to launch on the East Coast. The building will accommodate short term rentals, but details of a rental program have yet to be finalized, the spokesperson said. A two-year leaseback program will be offered.

Luis Chacon of OneWorld Properties will lead sales, the developer said.

“It is very exciting to be a part of a development that is truly unique from anything previously offered in Downtown Miami,” said Peggy Fucci of OneWorld Properties. “We’re seeing a great deal of interest from investors and young professionals who are looking for reasonable square footage at an attainable price point. I believe this project is meeting a much-needed demand in the market for buyers who live a transient lifestyle and want to be in the middle of a bustling, downtown setting.”

A hotel will be on the lower floors of the building, with the PADs located on floors 15-30. The PADs will be finished with “top-of-the-line flooring and lighting,” as well as a dedicated storage unit, according to a press release. Unit sizes range from 425-square-foot studios to 700-square-foot two-bedrooms.

 

 

 

 

27
Leave a Reply

  Comment Notifications  
newest oldest most voted
Notify of
chillaxoldschool

This is great for Downtown. Stayed at Yotel hotel in New York was cool and reasonable price with lounge to hang in.

Anonymous

Is that whole block (including the brown/red area) a parking garage?

n55driver

The brown/red area is an existing condo known as Vizcayne. This project is for the southwest corner of the block.

Anonymous

Partially, it has some loft style apartments within the podium.

Anonymous

The majority of the block is a project called Vizcayne, which has liner units wrapping around a massive parking podium. The Yotel Pad, is the first building, black and white, it concludes at the third tree on the street.

Anonymous

They aren’t tricking anyone that there is a giant parking garage there. The massing says it all.

Anonymous

Love this project.
I think it will bring a nice mix to the area and provide desperately needed foot traffic to the CBD

Anonymous

Waaahhhh… but I want a park there.

– The PARK people. Lol…..

Anonymous

What about Bayfront Park?

Anonymous

You don’t understand. We park people wish all of Miami was just one GIANTIC PARK! No buildings, no people, no cars, no roads. Just one huge park!

– The Park People.

Miami Hurricane

It’s not city property being sold to developer for 200 condos.
It’s not currently a park.
It wasn’t supposed to be a park deeded by the city that turned into a VIP lot for Micky Arrison.
There’s a park across the street.

– A quasi park person

Anonymous

Hopefully they redesign the lower part of the building, to the best design for the hotel portion of the project.

Anonymous

Not the best*

Anonymous

Agreed. For a building with no parking garage, the lower part looks even cheaper and uglier with those shifted windows and otherwise blank appearance.

Anonymous

It looks like a parking garage.

Anonymous

I can see the marketing brochure now…for only $650 per square foot, you can have direct, unobstructed views of your neighbors at Vizcayne walking around in their bathrobes.

But seriously…$650 per square foot??? Are they high? That’s about 40% higher than where units at 900 Biscayne Bay have been selling, but without ANY views.

Anonymous

Key word here is fully finished. Most condos come designer ready, which means no flooring and cheap doors. Either way $650/SQFT is laughable, being that you can get a fully finished apartment at Vizcayne for about 300K.

Anonymous

This is why micro-units are bad for Miami.

Anonymous

Actually the price points of 275,000 plus sound pretty reasonable considering the amenities and what is happening in downtown. Most of the units in Miami world center nearby are over $ 1 Million.

Anon1

Hideous.

Anonymous

Does that mean you won’t be staying there?

BDub

Those who want Miami to be more like New York are getting their wish – 700 sq ft 2 bedroom apartment looking into neighbors is very Manhattan.

Anonymous

“Want Miami to be more like New York City?” Dude, Miami is finally getting to a place where other hugeass cities have already been!

Anonymous

Yes lol it’s called a city

Anonymous

Close to new Wework offices and Yotel micro hotel this is the new economy it will be be fun to watch downtown in next few que sera sera

Anonymous

the pedestal is literally 50% of the building, it’s a parking garage with a hotel on top

Anonymous

I like it.