Maximizing space while keeping costs down is the concept behind YotelPad, a combination condominium and hotel to be built in exciting downtown Miami. It will feature a smart design that offers a value-luxury experience in a dynamic location.
In YotelPad Miami, floors 1-14 will be a 250-room hotel. Floors 15-30 will have condominium unit. The space-efficient Pads will be equipped with all of the essentials, but it’s the common social spaces that will deliver the wow factor.
The property is intended to be of four-star quality with a full complement of resort-like amenities including:
- Private residential lobby
- Elevated sun deck with pool, hot tub and bar
- Full-service restaurant and bar with outdoor paseo
- Skytop lounge featuring game area and chef’s kitchen
- Lounge and co-work space
- Organic matcha bar
- State-of-the-art fitness center
- Private meeting rooms
YotelPad will have 24-hour security and concierge services, valet parking and a “Pet Pad” with full grooming capabilities.
Another aspect that makes YotelPad unique is that condo buyers will have the option of participating in an attractive two-year guaranteed leaseback of 8% of their purchase price. After two years, they’ll be able to choose whether to place their condo into the hotel’s rental program at a rental split that is still to be determined, live in the unit themselves, or rent it out on their own or through a service like Airbnb.
The individual condos at YotelPad will come in studios, one-bedroom and two-bedroom units. They range in size from 425 sq. ft. to 708 sq. ft.
While technically not spacious, the units will feature open concepts with integrated living and dining areas and have all the comforts of a luxury home:
- Floor-to-ceiling glass windows
- Terraces overlooking downtown Miami
- Electrolux washer and dryer
- Furniture packages available
- Custom Italian kitchen cabinetry with stone finishes
- Smeg designer Italian appliances
- Custom Italian cabinetry with stone finishes in bathrooms
- Grohe and Toto bath fixtures, Monsoon showerhead
The location for YotelPad is in the heart of downtown, near upscale hotels, restaurants and cultural venues. It is within walking distance of the Bayside Marketplace (restaurants, bars, shops) and the American Airlines Arena where the Miami Heat play.
YotelPad is also a one-minute drive to major arteries such as I-95, and roughly a half hour from the Port of Miami where the cruise ships dock, Miami International Airport and the beaches.
Construction on YotelPad is expected to begin December 2018 and take about two years to complete. The condos are being offered for sale now at prices ranging from $300,000-$450,000 (subject to change).
If you are interested in learning more about YotelPad Miami, please feel free to ask specific questions or request our detailed data sheet. We will respond within 24 hours (usually much sooner). Contact Joel Greene at Joel@CondoHotelCenter.com or call (954) 450-1929.