OKO Group Commences Vertical Construction at Aman Residences, Miami Beach

Following extensive below-grade piling, excavation work and construction from OKO Group and Access Industries’, Aman Residences, Miami Beach, will commence vertical construction. With the development’s foundation system now complete, general contractor Suffolk is now progressing skyward with approximately one floor set to be completed every two weeks through top-off in early 2026. Delivery of the fully committed 18-story residential tower, designed by renowned architect Kengo Kuma, remains on track for 2027.

Located at 3425 Collins Avenue, Aman Miami Beach will blend ultra-luxury amenities and residential offerings within Miami Beach’s Faena District. The tower will feature 22 Aman-branded residences alongside the preserved historic Versailles Hotel, which will host 56 hotel rooms, designed by the acclaimed Jean-Michel Gathy of Denniston, a long-time interior and architecture collaborator with Aman.

“With the foundation of Aman Residences, Miami Beach nearing completion, we’re entering a pivotal stage in the project as the structure begins to rise visibly above grade,” said Alan Chun, Chief Operating Officer of OKO Group. “This momentum builds on Aman’s record-setting residential sell-out, with the development poised to elevate Miami Beach as a world-class destination for design, wellness, and luxury living.”

The start of vertical construction follows intensive groundwork, including the creation of a two-level underground parking structure – an engineering feat made possible through advanced Deep Soil Mixing and Triple Soil Mixing techniques. These methods stabilized the beachfront site’s soil and mitigated groundwater intrusion, enabling the installation of the building’s foundation system.

“Suffolk is honored to help bring this exceptional project to life,” said Tom Thrasher, General Manager of Suffolk’s Florida East Coast. “The prestige of the Aman brand and the design pedigree of Kengo Kuma make this one of the most exciting builds in the history of Miami Beach. We are thrilled to leverage our cutting-edge technologies, data, and AI solutions to deliver an exceptional experience and project that will exceed expectations and help redefine how iconic projects are built.”

Designed by celebrated Japanese architect Kengo Kuma, Aman Residences, Miami Beach, embraces a minimalist aesthetic that combines angular lines and soft, undulating forms. It draws on Japanese materials and motifs while respecting Miami Beach’s Art Deco heritage. Kuma’s design introduces fluid transitions between interior and exterior spaces, creating a structure that is both visually striking and harmonious with the surrounding landscape.

Images via OKO Group/Access Industries

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OKO Group and Cain International Complete $74 Million in Condo Sales Since the Start of the New Year at Miami’s Missoni Baia and Una Residences

Miami’s newest luxury condominium towers are tapping into a surge of domestic buyers fueled by the city’s desirable quality of life, lower business and living expenses, and Florida’s tax-friendly policies. At Missoni Baia and Una Residences, two new luxury towers under development by OKO Group and Cain International in Miami, approximately $74 million in sales have been completed in the last 60 days. The vast majority of units sold have been purchased by domestic buyers, reflecting the influx of new residents pouring into South Florida from cold weather and tax-burdened states.

This recent surge in sales from domestic buyers is the latest example of how business and wealth migration is fueling the South Florida condo market. The pandemic, coupled with people and companies looking to relocate from major U.S. cities – specifically in the Northeast and Midwest regions – to tax-friendly states with reduced business and living expenses, is enticing out-of-state residents to make the move to South Florida, with this trend expected to continue throughout 2021.

According to a recent report by brokerage ISG World, domestic buyers have taken over as the leading source of new condo purchases in Miami and Fort Lauderdale during the pandemic, with only 3.9 percent of recently completed units remaining unsold in December 2020. The latest statistics support that fierce competition and ballooning prices for single-family homes in South Florida are driving buyers toward condominiums instead.

“We’ve just had our best month of sales, and we’re seeing demand for condos intensify as the inventory of single-family homes continues to dwindle and Miami’s newest residents put emphasis on low maintenance, high-touch service and amenities that only a condo can offer,” said Vanessa Grout, CEO of OKO Real Estate, the sales and marketing arm of OKO Group. “Now that remote work has become so prolific and many people can work from wherever they choose, we’re seeing buyers from cities like New York, Chicago and San Francisco making the move to South Florida. They’re attracted by our lifestyle, our diverse culture and business community, and an overall quality of life.”

Now under construction, Missoni Baia and Una Residences are being developed by a partnership between OKO Group, one of South Florida’s most active and successful luxury development firms helmed by international real estate mogul Vladislav Doronin, and Cain International, a privately held investment firm with over $6.3 billion in real estate equity, debt and leisure business investments led by Jonathan Goldstein.

“This accelerated sales momentum reaffirms our strong belief in Miami's innovation, culture and lifestyle and its future as a global gateway city. We are extremely pleased with the progress across our Miami portfolio and look forward to delivering two world-class developments to the city’s residential market and welcoming their residents in the near future.” said Jonathan Goldstein, CEO of Cain International.

Designed by Hani Rashid of Asymptote Architecture, Missoni Baia is a 57-story luxury residential tower now rising on Biscayne Bay in Miami’s Edgewater neighborhood. As the Missoni brand’s first-ever residential project, the Italian fashion house is incorporating its trademark colorful design palette and Missoni Home furniture collection into the tower’s vibrant interiors, including all public spaces and amenity areas. The waterfront tower’s 249 residences range from one- to five-bedroom layouts measuring between 776 and 3,788 square feet in size. Units are priced from approximately $950,000 to upwards of $9 million. Construction of the 649-foot-tall tower is well underway and is expected to be completed in late 2021.

The 47-story Una Residences tower, designed by internationally renowned Adrian Smith + Gordon Gill Architecture (AS+GG), is situated on Miami’s waterfront in the city’s picturesque and private South Brickell neighborhood. Private elevators open up into the glass tower’s 135 spacious residences, which range from two- to five-bedrooms and measure between 1,100 to 4,786 square feet in size – with all units boasting unobstructed views of the Atlantic Ocean, Biscayne Bay and the Miami city skyline. Units are priced from $2.2 million to $7.4 million, with two ultra-exclusive penthouses with private pools priced up to $21.6 million. Construction of the 579-foot-tall tower is underway, with completion expected in 2023.

Additionally, OKO Group and Cain International are developing 830 Brickell, a class A-plus office tower also designed by Adrian Smith + Gordon Gill Architecture, currently under construction in the heart of Brickell’s Financial District. OKO Group’s plans to bring an Aman Hotel & Residences to Miami Beach were also recently approved by the City of Miami Beach. Construction of the ultra-luxury development is expected to start this year.

Cain International was recently appointed to lead the strategic reposition of the famed Delano hotel in Miami’s South Beach, adding to the firms growing hospitality footprint across global gateway cities. Cain’s additional US hospitality investment assets include the Waldorf Astoria Beverly Hills, the Beverly Hilton Hotel, and the Raffles Hotel and Residences Boston Back Bay. The firm has also partnered with OKO Group on the financing of the Aman Hotel & Residences in New York City’s historic Crown Building.

For more information about Una Residences or Missoni Baia, private showings or purchasing/ leasing information please fill out the form below:

Aman Miami Wins Approval For Versailles Hotel Restoration In Miami Beach’s Faena District

The Miami Beach Historical Preservation Board approved the Aman Miami development by OKO Group’s plan for the restoration of the historic Versailles Hotel. This a big step forward for the art deco building in Miami Beach’s Faena District. Aman Miami will consists of 56 hotel rooms within the restored Versailles Hotel along with 23 boutique residences located in a new tower next door. The residences in the new tower will be designed by Kengo Kuma with the HP board vote of the proposed residential tower design coming up in February. Once the design is approved OKO Group can proceed with permits and construction.

The vote to approve OKO Group’s plan for restoration of the Versailles Hotel was supported by community members including Craig Robins of Dacra, Wendy Kallergis of the Greater Miami and Beaches Hotel Association, Tom Stern the Faena House Board President, and more. OKO Group also released a statement reacting to the vote:

“We appreciate that the Miami Beach Historic Preservation Board took time to understand how our vision for Aman Miami will benefit the Faena District and preserve the iconic Versailles Hotel while contributing to the local economy and elevating Miami Beach’s status as a global destination. The board’s favorable vote is consistent with the widespread support that Aman Miami has earned in the neighborhood and the Miami Beach community.

The development of Aman Miami will infuse the City with hundreds of millions of dollars in private investment, resulting in more than 400 new jobs for the community and millions of dollars in new property and resort tax revenues each year. Aman has a proud history of delivering high-end, low-impact properties which are respectful of their physical surroundings and the history and culture of their communities – including 13 resorts bordering UNESCO World Heritage Sites.

We will continue this tradition in Miami Beach as we restore the Versailles Hotel to greatness. We thank the members of the Historic Preservation Board for supporting what will surely become the most preeminent hotel and residential development in Miami Beach.”

Vladislav Doronin and Len Blavatnik Receive Approval For Aman Hotel & Residences In Miami Beach's Faena District

Vladislav Doronin and Len Blavatnik have received approval from Miami Beach City Commissioners to build Aman Hotel & Residences in Miami Beach’s Faena District. The developers will build a new 250’ tall tower adjacent to the historic Versailles Hotel located at 3425 Collins Avenue, in addition to restoring the Versailles Hotel back to its former splendor. Aman Hotel & Residences Miami Beach will feature a 56-room hotel and 23 condominiums.

The approvals required a zoning change for height increase from the permitted 203’ to the proposed 250’. The height increase had been met with community opposition from several Historic Preservation Board members, including chairman Jack Finglass, as well as residents of the King David Condominium across the street. The final plans still must be submitted and approved by Miami Beach’s Historic Preservation Board.

Len Blavatnik is an American industrialist and philanthropist whose firm, Access Industries, owns a diverse portfolio of over 6 million square feet across iconic hotels and other commercial and residential properties in the United States, Europe, South America, and the Caribbean. Along with Alan Faena, Blavatnik developed the neighboring, ultra-luxury condo tower, Faena House.

Aman Hotel & Residences Miami Beach would be the first Aman Resort in South Florida. Vladislav Doronin is the chairman of Aman Resorts, in addition to being CEO of real estate development firm OKO Group. OKO Group’s Miami portfolio also includes luxury waterfront residential towers; Missoni Baia and Una Residences; and 830 Brickell, Miami’s first new office skyscraper in over a decade

OKO Group's Vladislav Doronin Buys Fort Lauderdale Assemblage for $63 Million

A land trust controlled by OKO Group’s Vladislav Doronin, a billionaire real estate developer from Russia who is now has headquarters in New York and Miami, has acquired a 6.7 acre assemblage in Fort Lauderdale for $63 million. The acquisition was financed with a $33 million loan from Michael Dell’s MSD Partners. The assemblage is located just south of the New River and Las Olas Boulevard and includes 3 full blocks, 27 parcels, one of which includes the site of Dev Motwani’s 629 Residences, a 34-story, 251-unit apartment building at 629 SE 5th Ave. OKO Group is reportedly planning a pedestrian-oriented mixed-use development.

OKO Group has been on the move in South Florida. The news of the assemblage acquisition comes just one week after OKO Group announced that Vanessa Grout was appointed CEO of the newly formed OKO Real Estate which would oversee the OKO Group’s sales and marketing. OKO Group also recently broke ground on Una Residences in Brickell and announced the Aman Hotel & Residence in Miami Beach’s Faena District. Construction continues on the 830 Brickell office tower and Missoni Baia luxury condo building in Edgewater.

Vanessa Grout Named CEO of OKO Group’s New Venture

Vanessa Grout has been named the CEO of OKO Real Estate, a new venture to expand the sales and marketing capabilities of Vladislav Doronin’s OKO Group. OKO Group currently has four projects under construction in Miami, including Una Residences and Missoni Baia, and another project under construction in Manhattan. Vanessa Grout has worked in the real estate sector for 16 years, most recently as President of Ugo Colombo’s CMC Real Estate, where she ran sales and marketing for Brickell Flatiron. With the launch of this new brokerage firm, OKO Group will continue to grow throughout South Florida, New York and in other major U.S. cities. 

“We are pleased to welcome Vanessa Grout to OKO Group and to expand our business. I have known Vanessa for many years, she has been a friend and a valued supporter,” said Vladislav Doronin, Chairman and CEO of OKO Group. “We are optimistic on the growth of the real estate sector in Miami which is why we have decided to bring Vanessa on board and to expand our offering. Buyers are choosing Miami to invest in their future; Miami is a good real estate investment as well as an investment in the quality of their future life.” 

Renowned for working with internationally acclaimed architects including Pritzker Prize–winning architect Zaha Hadid, real estate magnate Vladislav Doronin has developed 71 buildings and 75 million SF of world-class residential and commercial property internationally. 

“I am thrilled to be joining this expert team and to work alongside Vladislav Doronin to help expand OKO Group’s existing offering with the creation of OKO Real Estate,” said Vanessa Grout, CEO of OKO Real Estate. “This move follows the completion and successfully selling out Brickell Flatiron in Downtown Miami, the most recent project I oversaw.”

In Miami’s Edgewater neighborhood, construction on Missoni Baia surpassed the tenth floor and saw the recent sale of one of its two penthouses for $10 million. Una Residences recently broke ground and saw the commencement of construction on the luxury residential building’s foundation on Miami’s waterfront. OKO Group continued vertical construction on 830 Brickell, a 57-story highly-amenitized office skyscraper designed by one of the world’s leading architecture firms, Adrian Smith + Gordon Gill Architecture (AS+GG) in the heart of Miami’s financial district. OKO Group has closed on the development loan for Aman Miami which will bring an Aman hotel and Aman-branded residences to Miami Beach’s Faena District, on the site of the former Versailles Hotel at 3425 Collins Ave. Construction is also underway in New York where OKO Group is transforming The Crown Building, located at 5th Avenue and 57th Street, into Aman New York.

OKO Group and Access Industries To Develop Aman Hotel & Residences At Versailles Hotel Completing Faena District

OKO Group and Access Industries announced today a joint venture to develop and build an Aman hotel and Aman-branded residences on Miami Beach, on the site of the former Versailles Hotel, in two buildings at 3425 Collins Ave. 

The Miami project will be Aman’s latest urban development in the United States, joining Aman New York, a hotel with residences under construction in Manhattan’s iconic Crown Building and scheduled to open in Q4 2020. Aman also operates Amangani in Jackson Hole, Wyoming, and Amangiri, a hotel and resort in Canyon Point, Utah. Aman is led by Chairman and CEO Vladislav Doronin, whose Miami-based OKO Group will develop the Miami project in partnership with Access Industries. 

The Aman Miami project will be a major economic catalyst for the area. The Collins Avenue site is in the iconic Faena District, a prime four-block stretch of Miami Beach that Access Industries turned into a vibrant cultural neighborhood. The more than 1 million-square-foot mixed-use district features top-flight residences, the Faena Hotel Miami Beach, innovative and immersive entertainment, shopping at the Bazaar, restaurants and the Forum, an arts venue. Since opening in 2015, the District has become the epicenter of Miami Beach activity. 

“My strategy for Aman places focus on expanding the urban destinations for the brand after success with similar projects such as Aman Tokyo. As a major global hub, Miami always has been a key location, particularly since I founded OKO Group and already have a number of developments in the thriving city of Miami,” Doronin said. “The Miami and Aman lifestyles are highly compatible. Both are energetic, easy-going and embrace the outdoors. I have been looking for the perfect location for many years, and I am thrilled to find it and to partner with Access Industries.”

Access Industries, founded by American industrialist and philanthropist Len Blavatnik, owns a diverse portfolio of over 6 million square feet across iconic hotels and other commercial and residential properties in the United States, Europe, South America, and the Caribbean.

“Transformational neighborhood investment is a hallmark of Access Industries’ real estate strategy.  The Faena District is now a renowned hospitality and lifestyle destination, and positively contributes to Miami Beach. Versailles expands this mission even further, and we are thrilled to find a partner who shares Len’s insight. OKO and Aman are the ideal partners to develop Versailles and complete the vision for the Faena District,” said Jonah Sonnenborn, managing director and head of real estate at Access Industries. 

OKO Group’s Miami portfolio also includes luxury waterfront residential towers; Missoni Baia and Una Residences; and 830 Brickell, Miami’s first new office skyscraper in over a decade