David Arditi, Kuwaiti partner unveil new plans for Yotel project in downtown Miami

The Real Deal

Aria Development Group and Kuwaiti company AQARAT are going residential with their Yotel development in downtown Miami. Four years after first launching plans for a Yotel tower on the site at 227 Northeast Second Street, the joint venture is unveiling YotelPad, a residential Yotel-branded project. The 30-story building will have 208 residential units and 250…

READ MORE

Yotel adds condos to downtown Miami hotel project

South Florida Business Journal

The first YotelPad condo on the East Coast will be part of the Yotel hotel project planned in downtown Miami. This is the latest change to the 45-story project that has been in the works at 227 N.E. 2nd St. It will now have 208 residential units, ranging from 425-square-foot studios to 700-square-foot units with…

READ MORE

This micro-unit hotel company is bringing tiny condos to Miami

Miami Herald

Yotel, the British chain of airport and city hotels known for small, affordable rooms decked out with high-tech, luxury features, is getting into the condo-hotel business — and launching one of its new hybrids in Miami. YotelPad, a joint venture between Aria Development Group and the Kuwait-based AQARAT real estate company, will be a 30-story…

READ MORE

MAC Raises Construction Financing for Shaw Condominium Project

MAC Realty Advisors, LLC (“MAC”), on behalf of W-G 9th and O, LLC, an affiliate of Four Points, LLC and Greencourt Capital, Inc., placed a $14 million mezzanine investment from Aria Development Capital as well as a $35.3 million senior construction loan from CapitalSource, a division of Pacific Western Bank for the development of 810…

READ MORE