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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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 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