David Arditi is a founding principal at Aria Development Group and leads the Miami office and shares responsibility for all acquisitions, development and asset management. In addition, he is a member of the Investment Committee.
Mr. Arditi is responsible for overseeing the launch, construction and development of YOTELPAD Miami. Taking Miami by storm, YOTELPAD Miami is an exciting new project in the heart of Downtown Miami and the first YOTELPAD to arrive on the East coast. Mr. Arditi’s partnership with the Yotel Hotel brand will is building an innovative hospitality experience that optimizes space and technology. Catering to investors and young professionals who desire an exciting, metropolitan lifestyle in the center of Downtown Miami, Aria Development Group seeks to connect like-minded individuals at an attainable price point with YOTELPAD Miami. Located at 227 NE 2nd Street, YOTELPAD Miami will feature 231 seamless residential units, in addition to 222 hotel rooms.
Mr. Arditi was responsible for overseeing the construction and delivery of his most recent completed development in South Florida- 321 Ocean. 321 Ocean is a breathtaking beachfront development located on the sand in the exclusive South Beach enclave known as South of Fifth. Designed by renowned Mexican architect Enrique Norten, 321 Ocean is an urban oasis comprised of 21 magnificent three-and four bedroom residences.
Prior to founding Aria, Mr. Arditi was a principal with Cardinal Development Corp., his family’s Miami‐based real estate development and advisory business. While at Cardinal, Mr. Arditi developed and profitably delivered two mid‐rise residential condominiums in Downtown Miami totaling 325,000 gross square feet. Mr. Arditi also led the acquisition and entitlement process on two other important mixed‐use urban infill projects. Notable developments of the Arditi family include The Paris Country Club (awarded the Laurier d’Or for Historic Preservation by The French Ministry of the Environment) and The Hotel Guanahani in St. Barth’s (designated a Leading Hotel of the World).
Mr. Arditi began his career with The Blackstone Group in New York City where he provided corporate finance advisory services in complex restructuring transactions. He subsequently worked with Fremont Partners in San Francisco, a multi‐billion dollar private equity fund originally created as an investment vehicle for Bechtel Corp.
Mr. Arditi is on the board of the Miami Dade College Foundation. He is also a member of the Real Estate Advisory Board of the University of Miami and an active alumnus of GSAPP at Columbia University. Mr. Arditi received a B.S. in Finance and International Business from Emory University with distinction and received an M.S. in Real Estate Development from Columbia University. Mr. Arditi is a native speaker of French and is fluent in Spanish.
About YOTELPAD Miami
Centered around offering perfectly designed living solutions by optimizing space and technology, YOTELPAD Miami features carefully cultivated floorplans and an abundance of amenities. Floorplans range from 417-square-foot studios to 708-square-foot two-bedrooms, with integrated living, kitchen, and dining areas with top-of-the-line flooring and lighting. Residents will also have the luxury of utilizing common areas of the hotel as well as the private penthouse-level SKY Lounge, exclusive to residents. The Sky Lounge features a luxury living room and fireplace, an intimate chef’s kitchen with private dining for 12, and a game area. Other amenities in the building include a concierge service, lounge, pool deck, pet salon, and state-of-the-art fitness center.
YOTELPAD Miami caters to investors and young professionals who are seeking an exciting lifestyle in the heart of Downtown Miami and aims to connect like-minded individuals at an attainable price point. OneWorld Properties launched sales in June 2018, with prices starting at $300,000.
Since launching sales, YOTELPAD Miami has broken sales records, reaching 50 percent sold within six months, and is currently over 95 percent sold. YOTELPAD Miami is slated for completion in 2021 and will feature 231 residential units in addition to 222 YOTEL cabins. For more information about YOTELPAD Miami, visit www.yotelpadmiami.com.