Located at 3425 Collins Avenue in Miami Beach’s Faena District, Aman Residences Miami Beach has reached key construction milestones following extensive below-grade foundation and soil stabilization work. After completing complex deep soil mixing and installing subterranean basement levels along the porous shoreline, general contractor Suffolk Construction initiated vertical construction on the 18-story residential tower. Designed by renowned Japanese architect Kengo Kuma, the minimalist tower is advancing at a pace of roughly one floor every two weeks.
The oceanfront development consists of two distinct components: the new Kengo Kuma–designed tower featuring 22 ultra-luxury, fully presold boutique residences, and the meticulous restoration of the historic 1940s Roy France–designed Versailles Hotel. The restored Versailles structure will host a 56-key Aman hotel with interior architecture spearheaded by Jean-Michel Gathy of Denniston. The residences originally sold out in 2021 at record-setting average prices around $5,000 per square foot.
To support execution and keep pace with the project’s timeline, the developers secured $85 million in mezzanine financing from GoldenTree Asset Management to complement major construction debt provided by Bank OZK. While initial timelines targeted an earlier delivery, completion and full handover for both the hotel and residential tower are currently scheduled for 2027. Once complete, residents and guests will have access to exclusive amenities including private rooftop pools, a beach club, a wellness spa, and integrated hotel services. Also, this project will be joined by others such as the 700 North Miami Avenue in redefining urban living in the US.
October 28, 2025
Aman Residences, Miami Beach is a landmark ultra-luxury oceanfront development by OKO Group and Access Industries, now rising on the historic site of the former Versailles Hotel at 3425 Collins Avenue in Miami’s exclusive Faena District. Following the completion of deep foundation and advanced soil stabilization works, the project has entered its vertical construction phase, advancing at a pace of roughly one floor every two weeks. The building is expected to top off in early 2026, with final deliveries scheduled for 2027.
Another residence that has broken ground in Miami is the One West Twelve Residences (ONE W12) — a 23-story, 245-foot-tall residential development in the heart of Miami’s Historic Overtown. This signals the demand for luxury residences in the area.
A Symphony of Old and New
Rising across 18 stories the Aman Residences Miami, 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.
Aman Residences Miami 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.
Project Team
Primary Developers & Hospitality Partner
Co-Developers: OKO Group (led by Vladislav Doronin) & Access Industries (led by Len Blavatnik)
Brand / Hospitality Partner: Aman Group
Architectural & Design Team
Design Architect (New Residential Tower): Kengo Kuma & Associates
Interior Designer (Aman Hotel / Versailles Building): Denniston
Architect of Record: Revuelta Architecture International
Historic Preservation Architect: RJ Heisenbottle Architects
Construction and Financing Partners
General Contractor: Suffolk Construction
Senior Construction Lender: Bank OZK
Mezzanine Lender: GoldenTree Asset Management
Leave a Reply