Faena Unveils First-Ever Penthouse Collection at Faena Residences Miami, Led by $39.5 Million Crown Residence

Faena has unveiled its first-ever penthouse collection at Faena Residences Miami, offering a first look at the most exclusive residences planned for the brand's permanent residential destination along the Miami River.

Leading the newly revealed collection is the $39.5 million Crown Residence, a two-story penthouse designed by Faena Design Studio in collaboration with internationally acclaimed Bryan O'Sullivan Studio. The residence will sit at the pinnacle of the twin-tower development and also marks Bryan O'Sullivan Studio's first project in Miami.

The penthouse collection represents a new tier within Faena Residences Miami, extending the brand's approach to hospitality, design and residential living into the development's most exclusive private homes.

Faena Residences Miami is being developed by Fortune International Group, led by Edgardo Defortuna, and KAR Properties, led by Shahab Karmely, at 90 SW 3rd Street along the Miami River.

Designed by Rafael Viñoly Architects, the development will comprise 434 condominiums across two 60-story towers. The broader residential interiors are being designed by Faena Design Studio and Bryan O'Sullivan Studio, bringing Faena's distinctive visual identity together with O'Sullivan's approach to luxury hospitality and residential design.

The newly unveiled penthouses will crown a residential collection previously planned with homes ranging from approximately 700 to 3,300 square feet. The $39.5 million Crown Residence now establishes the highest tier of the offering as Faena reveals the pinnacle of the project for the first time.

Beyond the private residences, the development is distinguished by Faena Rose, an approximately 45,000-square-foot cultural, social and wellness environment suspended between the two towers. Located across three dedicated levels from floors 61 through 64 and nearly 700 feet above the Miami River, Faena Rose architecturally connects the towers while serving as a central gathering place for residents.

Faena Rose is designed around year-round cultural and community programming, with spaces for talks, performances, salons, dinners, wellness experiences and intimate gatherings. Its amenity collection includes an infinity-edge pool overlooking the Miami River, restaurant with bar and dining terrace, private dining room, library lounge, screening room, billiards room, creative lounges and private suites, along with The Pistil, a central social venue featuring a bar and dining terrace.

The project's wellness offering extends to the podium-level Tierra Santa Healing House, which will feature a spa and longevity program incorporating hydrothermal experiences, botanical steam rooms infused with South American herbs, horizontal rain shower beds, cold plunge and red-light therapy, heated stone beds and additional wellness spaces.

Residents will also have access to fitness and movement studios, outdoor workout terraces, a padel court, golf simulator and resort-style pools with cabanas and hospitality services throughout the development.

Faena Residences Miami represents an expansion of the brand's presence in South Florida, carrying the art, culture, wellness and hospitality concepts associated with Faena into a large-scale residential development on the Miami River.

The project is also planned as part of the broader Faena District Miami River, establishing a connection between the brand's presence in Miami Beach and its next destination within Miami's urban core.

With the unveiling of its first-ever penthouse collection, Faena is now revealing the highest level of the residential experience planned for the Miami River development. At $39.5 million, the two-story Crown Residence sits at the top of that collection, bringing together Faena Design Studio and Bryan O'Sullivan Studio for the project's signature private residence.

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Faena, KAR Properties and Fortune International Group Reveal Dedicated 'Faena Rose' Members Space at Faena Residences Miami

Faena Residences Miami has revealed Faena Rose, the first permanent, purpose-built architectural setting dedicated to the Faena Rose patron community. Suspended across three dedicated levels from floors 61 through 64, nearly 700 feet above the Miami River, Faena Rose is a floating cultural and architectural landmark that architecturally unites the twin residential towers conceived by the late Rafael Viñoly. Conceived as a living platform, Faena Rose is designed to support dialogue, creativity, wellness, and connection as part of daily residential life.

Faena Residences Miami will be comprised 434 condominiums ranging from 700 to 3,300 square feet and is developed by Fortune International Group, led by Edgardo Defortuna, and KAR Properties, led by Shahab Karmely, and will be located at 90 SW 3rd Street.

“Faena Rose has always existed as a platform shaped by programming, dialogue and relationships,” said Alan Faena. “At Faena Residences Miami, that platform takes architectural form, establishing a permanent setting where artistic expression and daily life intersect.”

Spanning approximately 45,000 square feet, Faena Rose is conceived as an integral part of daily life rather than a traditional clubhouse or amenity suite. Grounded in the belief that culture is lived continuously rather than accessed intermittently, Faena Rose unfolds through curated programming, intimate gatherings, wellness experiences, and shared spaces for work and exchange. Structured around intentional community building, Faena Rose uses artistic expression, dialogue, and shared experience as the foundation for long-term social connection within the residential environment. Designed to function as the intellectual, creative, and social nexus of Faena Residences Miami, Faena Rose integrates community, programming, and everyday living into a cohesive environment that shapes the shared life of the building.

“People choose to live here not simply to own a residence, but to be part of a complete way of life,” says Edgardo Defortuna, CEO at Fortune International Group. “Faena Residences Miami merges global talent, art, culture, and experiences in a setting where neighbors can gather, attend a performance, and continue the conversation over dinner. It’s as much about connection as it is about culture and architecture.”

Faena Rose is organized across a range of social, culinary, creative, and wellness environments. Cultural and social areas include arrival lobby lounges; an infinity-edge pool overlooking the Miami River; a restaurant with bar, lounge, and dining terrace; a private dining room; The Pistil, a central venue with a bar and dining terrace; a library lounge with outdoor terrace; creative lounges and private suites; a screening room; and a billiards room.

“Faena Residences Miami introduces a residential model that moves beyond traditional amenity-driven living,” says Shahab Karmely, CEO of KAR Properties. “By integrating Faena Rose directly into the architecture of the towers themselves, it elevates daily life while contributing meaningfully to the evolution of the Miami Riverfront. Faena Rose is not only central to the building, but it also plays an active role in establishing a new sense of place for the district.”

Faena Rose supports a year-round calendar of programming developed by Faena Rose, encompassing talks, performances, salons, dinners, wellness experiences, and intimate gatherings with artists, thinkers, chefs, and cultural leaders.

“Faena Rose operates as a continuous environment rather than a series of isolated events,” says Pablo De Ritis, Co-Founder and President of Faena Rose. “Today’s buyers are increasingly seeking residential communities that offer more than beautiful amenity spaces; they are looking for places that help form social circles and foster genuine connection. Faena Rose responds by creating shared experiences that support intentional community building.”

For the first physical manifestation of Faena Rose, the interiors are brought to life by Bryan O’Sullivan Studio, an international interior design practice with offices in London and New York. Recent commissions include celebrated hospitality interiors such as spaces at Claridge’s, The Connaught, and The Berkeley Bar & Terrace in London, as well as luxury residential projects and bespoke designs around the world, reflecting the firm’s global scope and design versatility. The design reflects Faena’s ethos for creating immersive, artistic universes that blend artistic expression, technology, and luxury. With maximalist, story-driven experiences featuring unique art, bright décor, and a focus on community, the design transforms Faena Rose into a fantastical living art environment.

Beyond Faena Rose, Faena Residences Miami is supported by a vertically integrated suite of amenities conceived as an extension of the project’s cultural and wellness ethos. At the podium level, the Tierra Santa Healing House introduces a comprehensive spa and longevity experience, featuring immersive hydrothermal rituals, botanical steam rooms infused with South American herbs, horizontal rain shower beds, cold plunge and red-light therapy, and couples heated stone beds. Residents also have access to dedicated fitness and movement studios, outdoor workout terraces, and recreation spaces including a padel court and golf simulator. Throughout the towers, resort-style pools with cabanas and full-service hospitality further reinforce a residential environment where wellness, leisure, and daily life are seamlessly interwoven.

Renderings via Binyan Studio

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First Look Inside The Newly Revealed FAENA Residences Miami

FAENA Residences Miami is set to launch sales later this month starting at $1.3 million and has revealed new renderings highlighting the ultra-luxury plans for the groundbreaking residential project aimed at redefining riverfront living in the city. FAENA Residences Miami not only marks a significant milestone for the Faena brand but also catalyzes the transformation of the Miami Riverfront into a vibrant, walkable cultural hub surrounded by over $25 billion in real estate investments with 10,000 residential units either planned or under construction. FAENA Residences Miami is developed by Fortune International Group, led by Edgardo Defortuna, and KAR Properties, led by Shahab Karmely, and will be located at 90 SW 3rd Street.

Comprising 434 condominiums across two 60-story towers, units will range from 700 to 3,300 square feet, with prices starting at $1.3 million and reaching up to approximately $10 million for premium options. More expensive residences will be released in the future. Spanning 45,000 square feet, the development includes cultural programming, performance spaces, and wellness facilities within a dramatic sky bridge. This innovative approach aligns with Miami’s growing emphasis on community engagement and artistic experiences, providing spaces for both residents and visitors.

Architecturally designed by renowned Rafael Viñoly Architects, this sculptural tower embodies Viñoly's legacy and promises to become a key feature of Miami's skyline. The project's modern aesthetic harmonizes with elements that celebrate the dynamic environment of the Miami River. Interiors, crafted by Faena Design Studio and London’s Bryan O’Sullivan Studio, reflect Faena’s signature style with muted red tones, rich textures, and theatrical accents, catering to luxury buyers seeking a refined residential experience in tune with the energetic spirit of Miami.

The Faena District Miami River will encompass high-end residences, curated cultural spaces, wellness facilities, and public art initiatives that enhance the city’s cultural fabric. By reinforcing connections to the established Faena District in Miami Beach, FAENA Residences is strategically positioned to attract discerning clientele interested in a cosmopolitan lifestyle steeped in luxury. With sales anticipated to commence later this month, this landmark development promises to define Miami’s skyline and lifestyle narrative in the years ahead.

Renderings via Binyan Studios

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Faena Reveals New Riverfront Cultural District In Miami With Landmark Residential Project

Faena, the globally acclaimed lifestyle brand, is expanding its unique vision from Miami Beach to the heart of Miami through a multi-phase cultural district, set within the only 14-acre private park along the Miami River. The Faena District Miami River will be anchored by the FAENA RESIDENCES MIAMI, a landmark riverfront project, designed by the world-renowned Rafael Viñoly Architects. As one of the final works of the late Viñoly, this project embodies his architectural legacy, contributing to the iconic cityscapes he shaped worldwide.

Featuring 440 exclusive residences across two striking riverfront towers, connected by a two-story 45,000-square-foot cultural epicenter, FAENA RESIDENCES MIAMI will be a testament to Faena’s dedication to excellence and innovation, set to become a defining element in Miami’s dynamic skyline.  Developed by Fortune International Group, led by Edgardo Defortuna, and KAR Properties, led by Shahab Karmely, FAENA RESIDENCES MIAMI will be located at 90 SW 3rd Street. Sales are set to begin in Q4 of 2024.

“Building on the legacy we established in Miami Beach, our vision for this project is to create a community rooted in our core values—blending artistic expression, cultural immersion, wellness, and innovative design,” said Alan Faena. “This new Faena District on the river embodies the true essence of Faena in one of Miami’s most vibrant neighborhoods, offering Miami's first fully resident-centric design aimed at enhancing well-being and elevating the experience of happiness.”

The Faena District Miami River will extend over three blocks and will include curated cultural spaces, wellness facilities, a marina, recreational areas, and public art. FAENA RESIDENCES MIAMI will play a pivotal role in enhancing the area, enriching Miami’s cultural fabric, and strengthening ties to the Miami Beach Faena District. The development will foster community and creativity expanding access to cultural experiences for residents.

Renderings via Binyan Studios

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Master Brokers Forum Listing: Step Inside An Oceanfront Art Deco Masterpiece Penthouse At Faena House

Master Brokers Forum: Master Brokers Forum member Dora Puig presents this impeccably designed Faena House penthouse - an Art Deco masterpiece by Wetzels Brown Partners. Faena House is one of the most exclusive boutique towers in Miami Beach, created by Foster + Partners. Penthouse A is a mansion in the sky with 270-degree views of ocean, city, and bay. The residence offers six beds and 6.5 baths in 6,400 square feet of living space and nearly 4,000 square feet of exterior space. The unit also features a private elevator foyer arrival into a fine art gallery, Nanz ebony handles, Italian terrazzo floors throughout entertaining areas with dining for 14 guests, high-gloss ebony bookcase by Metrica and LED lighting, Molteni gourmet eat-in kitchen and Miele appliances, an oceanfront master suite with custom-built ebony furnishings, rare textured and hand-painted walls in all bedrooms, and all baths equipped with Dornbracht and Duravit fixtures.

Faena House 3315 Collins Ave. Penthouse A, Miami Beach is currently listed for $34,950,000 with Dora Puig of Luxe Living Realty, who can be reached at 305-613-2118 and/or dora@dorapuig.com.

The Master Brokers Forum is a local network comprised of South Florida's elite real estate professionals. Learn more at www.MasterBrokersForum.com.

Images via Luxe Living Realty

This article was produced in partnership with Master Brokers Forum

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 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

Mauricio Umansky’s The Agency Celebrates Opening of Boca Raton Office at Private Faena Reception

Beverly Hills-based brokerage The Agency has picked Boca Raton as its first location in its highly anticipated expansion plan throughout South Florida.

The luxury brokerage celebrated the announcement last week at a private cocktail reception hosted in Faena’s Living Room, where they hit the ground running; contracts were signed and deals were inked on the hotel’s velvet, cheetah-print couches. The celebration followed The Real Deal’s South Florida Real Estate Showcase & Forum where Umansky revealed the finalized location.

The Agency is launching its office at 20 Southeast Third Street in mid-November, according to managing partners Chris Franciosa and Jared Ringel, who are leading the Agency’s expansion in South Florida along with Howard Elfman, the managing broker.

The brokerage was attracted to the “long-term stability” of Boca Raton and its potential for growth. The two-story, 6,700-square-foot office will house the Agency Development Group and the Agency Creates, its creative division.

The Agency plans to expand the business to Broward and Miami Dade, according to managing partners Franciosa and Ringel who joined the Agency from Douglas Elliman and have sold more than $100 million of real estate in their careers. The Agency anticipates about 20 agents joining the Boca office, but Ringel hinted at the possibility of a Miami location already in the pipeline as well.  

In addition to its home base in Beverly Hills, the firm has 25 offices in Brentwood, Calabasas, Danville, Malibu, Noe Valley, Venice, Orange County, Pacific Palisades, Palm Desert, Park City, Scottsdale, Sherman Oaks, Turks and Caicos, Los Cabos, Punta de Mita and elsewhere. 

It will compete with other high-end brokerages in South Florida like One Sotheby’s International Realty, the Keyes Company and Lang Realty.

Mike Pappas, CEO of the Keyes Co., stated that “Just as the L.A. market is very intense and competitive, so now is the South Florida market with all the major players, both local firms and firms outside of this market.”

Article by: Katya Demina

Own This Luxe Art-Deco Beachfront Bachelor Pad Designed by Foster + Partners in FAENA House For $2.495 Million

When in to ultra-luxury condo living in Miami Beach, little compares to that of FAENA House, which is home to one of Miami's priciest single-family residence sale ever recorded when Ken Griffen of Citadel purchased the penthouse for $60 million before relisting for $73 million. A mere 6 units remain on the market and for those that aren't looking for something quite as big unit 7D is a 1 bedroom currently listed for $2.495 million.

The residence's design by Foster + Partners pays homage to the first heyday of Miami Beach, dripping with luxurious art deco detail yet met with the finest in modern, ultra-luxury living. 7D features 1 bedroom and 2 bathrooms spread over 1,350 SF. The condo is situated to offer sunrise, sunset, ocean and bay views via the wraparound balcony. Finishes include white oak wood floors, Permastelissa bathrooms, eat-in art deco Molteni kitchen with Miele appliances, and a master suite with large walk-in dressing room and marble walled master-bathroom. The home also offers the finest in modern living including automated smart home system by Crestron controls all A/V, climate and electronic window treatments. Residents at FAENA house experience the most elite five star service and professional staff as well as access to all privileges and amenities of the Faena Hotel property.

FAENA House, 3315 Collins Ave, Unit #7D is currently listed for $2,495,000 with Dina Goldentayer with Douglas Elliman’s Sports & Entertainment Division.

Check-Out Miami Beach's Museum of Ice Cream In The Faena District

Miami Beach now has its very own Museum of Ice Cream (MOIC) in the Faena District, offering residents and visitors alike a chance to escape back to their youth. The 4-story building was designed by OMA showcasing iconic art deco elements and contemporary interiors along with stunning ocean views. The Musuem of Ice Cream in Miami Beach features 7 rooms designed to engage all five senses through physical, digital and experiential dialogues. The MOIC aims to be a place where "ideas are transformed into real life experiences" and serves as a safe environment for visitors to embrace their imagination and creativity, building an environment where people can check their fears, anxieties and social norms at the door and have fun. According to MOIC Founder and Creative Director Maryellis Bunn, the museum chose Miami for its 4th location due to the city's culturally diverse and inclusive environment. The museum's first location in New York opened in the summer of 2016 to huge success before expanding to other cities. The Miami branch is located at 3400 Collins Avenue, the museum also has locations in New York City, Los Angeles and San Francisco. The Museum of Ice Cream in Miami will officially open to the public on December 13, 2017 unless you were lucky enough to get an Art Basel preview and tickets are available for purchase online.