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

For more information about Aman Residences, Miami Beach or to inquire about purchasing a unit please fill out the form below:

Constellation Group, Boschetti Group and Vietmar Begin Vertical Construction On 'Ella Miami Beach' At 65% Sold

Vertical construction has commenced at Ella Miami Beach, a 10-story boutique condominium in the heart of Miami Beach’s North Beach neighborhood which is now 65% pre-sold. Sheet piling work has been completed, and piling work is in progress, with the project set to begin going vertical. Named after first lady of jazz Ella Fitzgerald, Ella consists of 103 curated residences at 6940 Abbott Avenue, just blocks from the Atlantic Ocean and Biscayne Bay, with architecture and interior design features that pay homage to Miami’s Art Deco past. A collaboration between Miami-based Constellation Group, Vietmar and The Boschetti Group, Ella Miami Beach broke ground in February and is slated for completion in early 2027.

Ella’s studios, one- and two-bedroom floor plans range from 429 square feet to 1,756 square feet of indoor and outdoor space, with prices starting at $600,000 – an attractive and competitive price point for new construction in Miami Beach, where prices typically begin at $1 million.

Through its partnership with Nomada Residences, a full-service property management firm that specializes in premium short--term or seasonal rentals, Ella Miami Beach also helps owners maximize profitability and preserve the value of their property.

“Buyers are clearly gravitating toward new condominium product,” said Eduardo Otaola, Managing Principal of Constellation Group. “In this corridor, there’s a real lack of boutique, well-amenitized buildings like Ella—especially those that allow short-term rentals. That combination has made the project especially attractive to today’s buyers.”

“Because of Ella Miami Beach’s flexible rental options and extraordinary location, we’ve seen tremendous interest from both end users and investors,” said Daniel de la Vega, President of One Sotheby’s International Realty. “North Beach is one of the last frontiers of Miami Beach with untapped potential. It’s benefiting from the same upward trajectory we saw in neighborhoods like South of Fifth a decade ago.”

Further solidifying North Beach’s evolution, the City of Miami Beach in March embraced a plan to redevelop the iconic Deauville Beach Resort at 6701 Collins Avenue with a 100-unit branded condo, 150-room hotel and quasi-replica of the original MiMo-style hotel designed by architect Melvin Grossman.

“The Deauville redevelopment underscores North Beach’s rising prominence and marks a clear shift in Miami Beach’s center of gravity,” said Eduardo Otaola, Managing Principal of Constellation Group. “Ella Miami Beach is helping lead this transformation by delivering a high-quality, design-forward building that serves the mid-market buyer—offering full-service amenities and the flexibility of short-term rentals in a boutique setting.”

Designed by Arquitectonica with interiors by Steven G., Ella Miami Beach’s residences feature 9-foot-high ceilings throughout, contemporary ItalKraft kitchens with stone countertops and JennAir appliances, and European-inspired designer closets. Select homes offer impressive views of Biscayne Bay, the Atlantic Ocean, and the Miami skyline. Amenities at Ella Miami Beach include a rooftop pool and fitness center with views of Biscayne Bay and Downtown Miami, a pickleball court with Atlantic Ocean views, residents’ lounge, summer kitchen with an outdoor dining area, and an observation deck and lounge. Wellness amenities include an outdoor yoga and meditation deck, a cold plunge and a sauna. Other lifestyle conveniences include private beach club access managed by The Boucher Brothers, a coworking area for remote workers, complimentary beach cruisers, bike and beach toy storage, onsite parking and retail, and more.

The Ella Miami Beach sales gallery is located at 6897 Collins Avenue in Miami Beach.

For more information about Ella Miami Beach or to inquire about purchasing a unit please fill out the form below:

Miami Beach City Commission Grants Final Approval for Terra’s Deauville Redevelopment

The long-awaited redevelopment of Miami Beach’s historic Deauville Hotel site has cleared its final hurdle, with the Miami Beach City Commission granting full approval to Terra’s development plans. The decision, made on Friday, June 27, finalizes zoning, land use, building height, and public-benefit commitments, paving the way for a major transformation of the iconic North Beach property. With development plans now fully approved by the City Commission, the next step will be a review by the Historic Preservation Board later this year to evaluate design details and preservation components.

Terra’s plans include a partial reconstruction of the hotel’s historic elements, a new residential tower designed by Foster + Partners, major infrastructure upgrades, and a $7.5 million contribution toward the revitalization of the Byron Carlyle Cultural Center. The plan also commits to significant public benefits, including infrastructure improvements, increased beach access, public parking, and cultural investments. The overall project will feature reduced density compared to previous proposals, aimed at minimizing traffic congestion, infrastructure strain, and environmental impacts.

David Martin, CEO of Terra, described the Commission’s approval as a pivotal moment for both the Deauville site and the broader North Beach community. “The approval marks a major step forward in restoring the site’s historic and cultural significance,” Martin said. “With this green light, Terra is now fully committed to delivering a world-class development that reflects the community’s values, prioritizing architectural excellence, environmental responsibility, and meaningful public benefit.”

Originally built in 1957, the Deauville Hotel once stood as a symbol of Miami Beach’s golden era, famously hosting the Beatles’ first U.S. television performance. In recent years, however, the property fell into disrepair and was ultimately demolished following structural decline. Terra’s redevelopment aims to honor the Deauville’s legacy while contributing to North Beach’s long-term growth.

Public benefits included in Terra’s redevelopment plans include enhanced stormwater infrastructure to address flooding, two new pedestrian pathways connecting to the beachwalk, 150 public parking spaces, traffic improvements, and a $7.5 million contribution toward the revitalization of the nearby Byron Carlyle Cultural Center. According to Martin, the project is expected to generate over $16 million in annual revenue for the North Beach Community Redevelopment Agency, providing ongoing resources for neighborhood reinvestment.

“We look forward to working closely with the City and local stakeholders as we move into the next phase of bringing the reimagined Deauville to life,” Martin added.

Renderings via Terra

Sunset Harbour Office Depot Property Sells for $28.5 Million Overseen by Jordan Karp and Avenue Real Estate Partners, Underscoring Miami Beach’s Commercial Real Estate Strength

A prime commercial property in Miami Beach’s Sunset Harbour neighborhood has traded for $28.5 million, signaling continued investment momentum in one of the city’s most desirable enclaves. The 19,672-square-foot Office Depot building, situated on a 25,000-square-foot lot, was acquired by a private investor in a deal brokered by Avenue Real Estate Partners and Jordan Karp, LLC. The property is located at 1771 West Avenue and serves as a gateway to Sunset Harbour.

The transaction reflects the escalating land value in Sunset Harbour, a mixed-use district known for its proximity to luxury residential developments, waterfront access, and growing commercial presence. Avenue’s Aaron Butler, who represented the buyer alongside Jordan Karp, emphasized that the sale is indicative of Sunset Harbour's evolving role within Miami Beach’s real estate landscape.

“Sunset Harbour continues to be one of Miami Beach’s most sought-after neighborhoods, and this transaction reflects the increasing land value following the success of developments like 18 Sunset,” Butler noted.

Jordan Karp added that Sunset Harbour remains uniquely positioned within Miami Beach's high-end market. “Surrounded by some of the world’s most expensive residential real estate, Sunset Harbour serves as the area’s commercial hub — attracting investors focused on long-term growth opportunities,” Karp said.

The seller, George Jay Ltd. Partnership, was represented by Paul Snitkin of Anderson Carr.

Avenue Real Estate Partners, with offices in Miami Beach and Aspen, Colorado, has established a reputation for guiding high-profile transactions across South Florida’s commercial sector, with over $1 billion in deals completed. Jordan Karp, founder of his namesake brokerage Jordan Karp LLC, is known for orchestrating off-market deals across Miami’s luxury residential and commercial markets, including record-setting property sales on La Gorce Island, Allison Island, and in Brickell. Notable transactions include his $55 million off-market sale of the SLS Brickell Hotel to the Kastrati Group. To date in 2025, Karp has closed over $170 million in transactions.

The $28.5 million sale underscores both investor confidence in Sunset Harbour and the neighborhood’s trajectory as a high-value commercial and residential destination within Miami Beach.

Images via Jordan Karp LLC

Former Los Angeles Dodgers-Star Alex Guerrero Lists Newly Built North Bay Road Estate For $75 Million

Former Los Angeles Dodgers-star Alex Guerrero has listed his newly built, waterfront North Bay Road estate for $75 million with Lourdes Alatriste of Douglas Elliman. One of the most architecturally ambitious and design-forward homes in Miami Beach — the iconic estate is located at 3100 North Bay Road, located on the prestigious Millionaire’s Row.

Alex Guerrero is a celebrated Cuban-born power hitter and former Los Angeles Dodgers standout, revered for his explosive performance on the field — including his stint as a Nippon Professional Baseball (NPB) All-Star and home run champion in Japan. Guerrero now offers a bold, one-of-a-kind residence that mirrors his dynamic global career.

The estate commands attention with its elevated design and rare architectural fluency. Conceptualized by Valle Valle & Partners and co-curated by LF Development LLC, the home is a study in elevated engineering and artistic vision. Spanning over 10,250 SF under air, the home features seven ensuite bedrooms, including a 1,500 SF primary suite with a private garden oasis. Inside, custom-crafted Italian cabinetry, couture-grade closets, and sculptural volumes set a dramatic yet fluid tone. Two designer kitchens — one for daily use and one fully equipped for catering — make the home ideal for both intimate living and large-scale entertaining.

The resort-style outdoors designed by landscape architect Vincent Filigenzi offers a lush, layered sanctuary with curated gardens, reflecting water features, and expansive entertaining terraces. A heated infinity-edge pool, hot tub, and cold plunge off the primary suite balcony overlook sweeping Biscayne Bay views. The home also features a fire pit, outdoor kitchen, 110’ of prime water frontage and an 80’ L-shaped dock designed to accommodate a 90’ yacht and jet skis.

For car enthusiasts, the home features an 18-car garage experience, including a 15-car undercarriage garage and a three-car air-conditioned garage above — an exceedingly rare feature that cements the home’s status as a true collector’s trophy. Sustainability plays a role, too — a solar-paneled roof supports eco-conscious living.

This exceptional property represents a singular opportunity to own a legacy residence at the crossroads of global sports stardom and cutting-edge design — right in the heart of Miami Beach’s most iconic stretch.

Renderings / Photos via REDVERTEX

La Gorce Island Estate Known As 'OKTO' With 260' Of Waterfront Sells For Record $75 Million

The lavish La Gorce Island mega-mansion, known as “OKTO” – marked by 260 feet of jaw-dropping waterfrontage – has sold for $75 million. Located on Miami Beach’s exclusive La Gorce Island gated community, the property went under contract just two weeks after it was listed with Nelson Gonzalez, Senior Vice President and top-producer at Berkshire Hathaway HomeServices (BHHS) EWM Realty.

Located at 88 La Gorce Circle, the two-story estate – the collaborative vision of revered developer Todd Michael Glaser and architect Carlos Prio-Touzet – garnered the highest price ever paid for a single-family home in the guard-gated island enclave. It is additionally the second-most expensive single-family home sale to date for the City of Miami Beach. Neither the buyer nor seller was disclosed.

“Even among the extraordinary estates of La Gorce Island, OKTO has been a standout, as evidenced by how quickly it went under contract,” said Gonzalez. “The property’s prime and exclusive location, singular design, and monumental size have made it truly unique, and we knew how to effectively market those attributes to the most discerning buyers.”

The contemporary, resort-style retreat features nine bedrooms, 12 and three half-baths and wide views of the Bay and Intracoastal Waterway. Well-sited on a verdant, 1.1-acre lot (48,027 square feet), the residence is also known as one of the community’s largest single-family offerings.

In addition to a grand entrance that opens to a 100-foot-long living room with soaring ceilings, distinct architectural details throughout the mansion include a Guggenheim-inspired staircase, fine finishes, spectacular custom lighting, and floor-to-ceiling walls of glass. A chef’s kitchen, formal dining room, and gym complete the first floor, while an entertainment room, opulent primary suite with a sprawling closet and deluxe bath, and a wide terrace are well-appointed on the second level. Additional amenities include an elevator, two stately docks, a 100-foot pool overlooking the water, and a rooftop space for year-round entertaining and respite. There is also a guesthouse, five-car garage, and a two-bedroom staff quarters.

“It was a privilege to have facilitated this record transaction in only two weeks,” continued Nelson Gonzalez. “In 2021, we listed the property at $38.5 million and received two offers quickly, but the seller wasn’t ready to sell, so we took it off the market. Now, just four years later, we’ve sold it -- impressively for double that price. It is a true testament to the growth of the market and sustained strong demand for unique, ultra-luxury properties in Miami Beach. That plus our proven track record for successfully implementing strategic launches and hyper-targeted marketing of residences of this caliber continue to result in win-wins for buyers and sellers.”

The La Gorce Island enclave – marked by towering Royal Palms at its entrance and magnificent water views – is one of the most sought-after gated communities in the area. It has long been a haven for high-profile celebrities, including such famed past residents as Cher and Billy Joel. The enclave is minutes from the renowned La Gorce Country Club and golf course, Lincoln Road, Bal Harbour Shops, and is approximately 20 minutes from Miami International Airport. It is also well-protected by 24-hour roving security, including a patrol boat that circles the island each night.

Images via Luxhunters Productions

North Bay Road Lot With 150' Of Waterfront Trades For $22.85 Million

One of the largest waterfront parcels in the prestigious estate section on Miami Beach’s North Bay Road just sold for $22,850,000 in a landmark transaction. Located at 5840 North Bay Road in Miami Beach, the vacant waterfront lot offers 150’ of unobstructed bayfront views, direct Miami skyline views, and a potential for a multi-structure legacy estate of up to 13,587 SF. Per public record the seller was Land Trust Services Corp TRS Trust NO 5840NBR. Cyril Matz with Douglas Elliman represented the buyer and Zachary Vichinsky with Bespoke Real Estate & Jill Hertzberg at Coldwell Banker Realty had the listing.

Image via Become Legendary

Finvarb Group Locks Down $19 Million In Financing For Miami Beach Project

Finvarb Group, led by Ronny Finvarb, has secured a $19 million construction loan for a 12-unit residential mixed-use project at 1790 Alton Road in Miami Beach. The financing, provided by Amerant Bank, will support a five-story building which will also feature two restaurants on the first two floors, along with 19 parking spaces equipped with a mechanical lift. The upper levels will house 12 residential units, ranging from 724 to 1,185 square feet, and include a rooftop pool.

Finvarb Group acquired the 0.2-acre site at the entrance to Sunset Harbour for $4 million in 2021 and initially planned to develop a hotel with 36 rooms; however, the city instituted stricter regulations regarding hotel development in the adjacent Sunset Harbour neighborhood prompting the shift to a mixed-use project. The site is situated near the Kimpton Hotel Palomar South Beach, Marriott South Beach, and nearly complete Thompson Hotel Miami Beach, all of which Finvarb Group also developed.

The Perigon Completes First Hydrostatic Concrete Slab Pour In Miami Beach

The Perigon, an ultra-luxury new condo seated on two acres of prime beachfront in Miami Beach, has officially completed the first hydrostatic concrete slab pour for the property, having flowed continuously for approximately 9 hours. Once completed, the pour reached 520 cubic yards of concrete with 60 tons of reinforcing steel and 60 truckloads of concrete over the active construction period. The Perigon is being developed by Mast Capital and Starwood Capital and is slated for delivery in 2027.

As the first Miami Beach residential project designed by internationally renowned architectural firm OMA, led by visionary architect Rem-Koolhaas, the diamond-shaped luxury condominium tower will feature 73 residences offering breathtaking beachfront views. Nestled along the tranquil stretch of sand between Indian Creek and the Atlantic Ocean, The Perigon is situated at 5333 Collins Avenue in Miami Beach’s prestigious Mid-Beach neighborhood. With expansive beachfront acreage, unparalleled exclusivity, and an emphasis on privacy, it presents a lifestyle experience that is both rare and highly coveted.

The ultra-luxury condominium offers approximately 40,000 square feet of thoughtfully designed indoor and outdoor amenities, curated to elevate every aspect of lifestyle. Highlights include a private oceanfront restaurant and private speakeasy conceptualized by Michelin-starred chef Shaun Hergatt, who will oversee the property’s exclusive food and beverage offerings. Additional amenities feature an oceanfront swimming pool with cabanas, a serene spa with sauna and treatment rooms, a private salon, a fully equipped fitness center with panoramic ocean views, a children’s playroom, a screening room, a wine room, guest suites, and a striking double-height lobby lounge. These spaces are brought to life by a dedicated lifestyle concierge and residential butler, ensuring an unparalleled level of service. Residents will also enjoy 24-hour security, valet, house car service, pool and beach service, in-residence dining and more, offering a seamless blend of luxury and convenience.

Images via Binyan Studios and The Perigon

For more information about The Perigon Miami Beach or to inquire about purchasing a unit please fill out the form below:

Terra and Turnberry To Begin Construction of Grand Hyatt Miami Beach After Locking Down $392 Million In Financing

Terra and Turnberry, two of South Florida’s leading real estate development firms, have secured $392 million in construction financing that will help advance the development of Grand Hyatt Miami Beach, an 800-room, 17-story property adjacent to the Miami Beach Convention Center. The financing was provided by TYKO Capital, a multi-billion-dollar commercial real estate private equity and private credit investment management platform, backed by Elliott Investment Management and led by Adi Chugh. With pre-construction sitework already completed, the financing paves the way for the project’s groundbreaking, with delivery slated for late 2027.

"With construction financing in place and strong public support behind us, we are eager to bring this landmark hotel to life," said David Martin, CEO of Terra, and Jackie Soffer, Chairman and CEO of Turnberry. "Grand Hyatt Miami Beach will fill a longstanding gap in Miami Beach’s hospitality offerings, elevating the conventions and events that come to our community while creating jobs, new revenue and economic impact."

Strategically located at 17th Street and Convention Center Drive, Grand Hyatt Miami Beach will provide seamless access to the newly renovated Miami Beach Convention Center. With resort-style amenities, the hotel will aim to serve as Miami Beach’s first major convention hotel adjacent to and connected to the Miami Beach Convention Center, enhancing the city’s ability to attract major national and international clients.

"Grand Hyatt Miami Beach is a game-changer for major meeting and event planners and a transformative addition to our convention center ecosystem,” said David Whitaker, President & CEO of the Greater Miami Convention & Visitors Bureau. “With an unmatched location seamlessly connected to the Miami Beach Convention Center and just steps from world-renowned Miami Beach, this hotel creates a one-of-a-kind experience for meeting planners and attendees alike. As a premier, year-round destination, Greater Miami is already a powerhouse for major events, and this addition solidifies our position as a top choice for high-profile conventions and meetings from around the globe."

“Miami Beach is an iconic, grand destination known for its dynamic energy, cultural richness and world-class hospitality, and we are thrilled to introduce our Grand Hyatt brand to this key leisure and business travel market,” said Pete Sears, Group President, Americas for Hyatt. “Grand Hyatt Miami Beach will work to seamlessly blend the destination’s colorful, vibrant spirit with the brand’s bold architecture, inventive restaurants and luxury accommodations. We look forward to offering guests and World of Hyatt members a new way to experience Miami Beach in a setting that will be as inspiring as the city itself.”

Designed by Arquitectonica’s Bernardo Fort-Brescia, the property will feature 12 floors of guest rooms, including 52 suites with sweeping views of Miami Beach, along with four floors of meeting and ballroom spaces that will complement the Miami Beach Convention Center’s event programming. Guests will be able to enjoy a resort-style pool deck with panoramic city views, a signature restaurant, lobby lounge and bar, as well as retail space designed to activate the street-level pedestrian experience. Additionally, a climate-controlled skybridge will provide seamless access between the hotel and the Miami Beach Convention Center, enhancing connectivity and convenience for event attendees.

The financing news comes on the heels of a $75 million grant that the development was awarded through the Miami Beach Redevelopment Agency in late 2024, underscoring its role as a critical economic driver for the region. The grant reflects strong public and private support for the hotel’s potential to enhance Miami Beach’s global competitiveness as a premier destination for meetings, conferences and events.

The development also plans to introduce new public spaces, pedestrian-friendly promenades, bike-sharing stations, and connectivity to public transit, aligning with Miami Beach’s broader sustainability and resilience goals while providing access to the city’s nearby Lincoln Road district.

Grand Hyatt Miami Beach has been years in the making, with plans for the hotel overwhelmingly approved by Miami Beach voters in 2018. The project is a key component of the city’s efforts to transform its Convention Center District into a more dynamic, walkable and economically vibrant hub.