FAA Clears the Way for Aman Miami Beach Residences: A New Icon of Luxury and Heritage in the Faena District

Aman Residences Miami Beach
Aman Residences Miami Beach

OKO Group and Access Industries have received crucial Federal Aviation Administration (FAA) approvals for the Aman Miami Beach Residences, an exclusive residential and hotel project at 3425 Collins Avenue. The FAA has issued two height clearances, ensuring the project aligns with airspace regulations while setting new standards for luxury living in the Miami Beach skyline. The primary clearance authorizes a maximum height of 252 feet above ground level (255 feet above mean sea level) at the building’s highest point. A secondary clearance applies to a segment closer to Miami International Airport’s (MIA) runway, capping its height at 227 feet above ground or 230 feet above sea level. These approvals, effective until April 2026, mark an essential milestone in the project’s progression.

Aman Miami Beach Residences will seamlessly blend luxury accommodations and private residences within the renowned Faena District, introducing a new residential tower with 23 private units alongside the preserved Versailles Hotel, which will host 56 Aman-branded hotel rooms. Designed by world-renowned Japanese architect Kengo Kuma, the structure epitomizes minimalist elegance with a unique synthesis of angular lines, soft forms, and Japanese-inspired materials that honor Miami Beach’s Art Deco heritage. Kuma’s vision allows for fluid transitions between indoor and outdoor spaces, creating a visually stunning building that harmonizes with the landscape.

The project team features Revuelta Architecture International and RJ Heisenbottle Architects, while Suffolk Construction serves as the general contractor. Together, they are embracing Miami Beach’s growing trend of adaptive reuse, rejuvenating historic structures with contemporary architectural techniques. This approach is embodied in the Versailles Hotel’s restoration, a 1940s architectural gem that now offers a blend of historical charm and modern luxury in the Faena District.

While the exact construction timeline remains to be finalized, industry sources, including YIMBY, predict groundbreaking early next year, with completion expected around mid-2027. The Aman Miami Beach Residences promise to bring a refined architectural presence to the area and further elevate Miami Beach as a destination for high-end residential and hospitality experiences, cementing its status in the global luxury real estate market.

Aman Miami Beach Development Receives $242.4 Million Construction Loan

Aman Miami Beach
Aman Miami Beach

Bank OZK has approved a $242.4 million construction loan for the oceanfront Aman Miami Beach development. Doronin’s OKO Group and Blavatnik’s Access Industries are collaborating on the two-building luxury hotel and condo project at 3425 Collins Avenue.

Bank OZK’s latest round of financing supplements a $34.8 million loan it provided the developers in May 2020.

Doronin is the owner of Aman, a luxury hotel chain that is branding the project. Aman Miami Beach will include the restoration and renovation of the site’s 16-story historic Versailles tower, as well as the construction of a new 18-story ground-up condo building. The plan is for a 56-room hotel and 22 luxury condos.

The developer wants to make changes to the lobby of the Versailles, which was designed by Roy France and completed in 1941. The amendments will be voted on by the Miami Beach Historic Preservation Board next week.

The development of the surrounding Faena District, which includes Faena House, Faena Forum, and Faena Hotel, was supported by Blavatnik.

Dustin Stolly and Jordan Roeschlaub of Newmark arranged the loan for the Aman project, which is expected to be completed in 2024. The condo component has been fully pre-sold.