The long-anticipated Palm Beach project, developed by OKO Group in conjunction with Access Industries, has now reached its vertical-building phase at the site of the historic Versailles Hotel, situated at 3425 Collins Avenue in the coveted Faena District, Miami. After completing deep foundation work, including advanced soil stabilization, the structure is now ascending, with construction progressing at a pace of approximately one floor every two weeks. Deliveries are expected by 2027, with the building’s topping off slated for early 2026.
A Symphony of Old and New
Rising across 18 stories, the building stands as a reconciliation of past and present. Japanese master architect Kengo Kuma has designed a tiered, scalloped tower, visually echoing coastal serenity, while preserving and integrating the original Versailles structure. The restored hotel component will offer 56 Aman-branded rooms, thoughtfully redesigned by Jean-Michel Gathy of Denniston, a longtime Aman collaborator.
Engineering Marvel Beneath the Sand
OKO Group’s ascent was made possible by years of rigorous subgrade construction. Engineers executed a two-level underground parking structure using deep and triple soil mixing, techniques specially deployed to stabilize Miami’s shifting sands and manage groundwater. With these foundational systems in place, the project has entered a streamlined vertical build stage.
Project Snapshot
Developers OKO Group & Access Industries
Location 3425 Collins Avenue, Faena District, Miami Beach
Architecture Kengo Kuma (Tower) & Jean-Michel Gathy of Denniston (Hotel)
Height & Structure 18 stories; incorporates preserved Versailles Hotel
Residential Units 22 ultra-luxury branded units
Hotel Rooms 56 restored/backed by Aman brand
Engineering Deep/Triple Soil Mixing + 2-level underground garage
Construction Pace 1 floor per 2 weeks
Timeline Topping off in early 2026; Delivery in 2027
Private Residences and Elevated Lifestyle
The tower houses 22 Aman-branded private homes, each offering expansive ocean views and privacy. Residents will gain access to an array of amenities, including a serene Aman Spa, a secluded swimming pool, and dedicated concierge services, all complemented by proximity to exclusive hotel facilities.
The Next Chapter for Ultra-Luxury in Miami
This project represents a fusion of heritage conservation and forward-looking design—where minimalist Japanese influences meld elegantly with Miami’s iconic Art Deco heritage. It mirrors a broader industry trend toward crafting luxury communities that are as visionary as they are rooted in place. In Utah’s Heber Valley, for instance, Angstrom Development Group recently unveiled The Slope, a bold new mixed-use resort community along the Provo River, blending high-end resort living with a walkable village ecosystem. According to Alan Chun, COO of OKO Group, the striking upward momentum of Aman Residences underscores the project’s strength in the market and solidifies Miami Beach’s status as a world-class destination for design-forward luxury lifestyle.
Aman Residences now positions itself in the company of Miami’s most exclusive developments, including Aman’s forthcoming resort in Palm Beach and high-end peers like Casa Cipriani, which is shaping a new benchmark for luxury real estate in the region.
