Miami is a growing city and companies like MIAMI, also known as CBMiami, work hard to keep on top of the ever increasing demands. MIAMI is a company known for micro hotels, their most recent project, YotelPad, stays true to their brand. This YotelPad will be the first location along the United State’s East coast.
Aria Development is the company responsible for the development of the YotelPad concept. The YotelPad will be part hotel and part residence. YotelPad is an extension of the original YOTEL and the YOTELAIR cabins. The luxury appointed apartments were purposefully designed as compact homes, known as ‘PADs‘, allowing a traveler an economic, yet stylish place to stay when traveling the world for business or for pleasure. Located in downtown Miami (227 NE 2nd Street) and boasting 208 residential units situated above 250 hotel cabins, the new YotelPad is looking to be a star of downtown Miami.
David Arditi, Principal of Aria Development, shares his enthusiasm for the project when he reveals the motivation behind the construction of the new YotelPad, “Downtown Miami is emerging as a high-energy place to live, shop and work. With YotelPad Miami, we are meeting the strong demand for service-oriented, urban-chic apartments.”
The Yotel brand was created with space and technology optimization in mind. The intent of the Yotel brand is to use the technological advancements and ideal downtown location to appeal to their intended market, which are young professionals and potential investors. Yotel is no average hotel and residence. It offers state of the art amenities such as a gourmet coffee bar, an on location restaurant and bar and a space for co-working. It also offers a lounge, a 24/7 gym, ample storage, bike and gear lockers, a pool deck, and even its very own on site pet spa. To top it all off, there is concierge service for even the most discriminant resident. What’s not to love?
The location will offer several different living options, besides the hotel cabins there will also be studio apartments as well as both one and two bedrooms apartments. The floor plans feature beautiful floor to ceiling glass doors. The units vary in square footage with the studio apartments at 425 square feet and the luxurious two bedroom units coming in at a well appointed 700 square feet with luxury ensuite bathrooms and fully equipped kitchenettes.
“We see great synergy in combining the innovative, high-design elements of the YOTEL brand with modern, urban residences in a city like Miami,” explained Fahad Al-Shamlan who is the Vice President of Investments & Acquisitions for AQARAT. AQARAT is a leading real estate company from Kuwait. AQARAT has joined forces with the development company in the creation of the new YotelPad brand in Miami.
The estimated date of completion of this project has not yet been released but the units will be well worth the wait. The starting price tag for units inside the Yotel are estimated to be around $250,000.