Aman tower planned for Faena Versailles site in Miami Beach advances

Aman tower planned for Faena Versailles site in Miami Beach advances
Blavatnik, Doronin, and a rendering of the project (Credit: Mike Coppola/FilmMagic via Getty Images) www.therealdeal.com

Project calls for a 56-key hotel, 23 condos in a 250-foot tower

Billionaire developers Vlad Doronin and Len Blavatnik secured initial approval for a zoning change that will allow them to build a 250-foot Aman-branded tower in Miami Beach.

Despite considerable opposition for the proposed zoning, Miami Beach commissioners on Wednesday voted to pass the ordinance on first reading, sending it to the Miami Beach Historic Preservation Board for a recommendation. It will then go back to the commission for a vote on second reading.

Doronin is teaming up with Blavatnik to build a luxury condo and hotel tower next to the Versailles, a historic building that has sat vacant for years. The property, at 3425 Collins Avenue, is next to the 203-foot tall Faena House.

The Aman project calls for a 56-key hotel and 23 luxury condos. It would mark the first Aman in South Florida. (Doronin, CEO of OKO Group, is also the owner and chairman of Aman Resorts.)

Akerman attorney Neisen Kasdin, who represents the developers, said the zoning change would facilitate the development of the Aman project, saying it would have a “world scale,” and “low-scale amenities, not a big honky-tonk scene like you see on Ocean Drive.”

Much of the opposition comes from Faena House, where 27 out of the 38 non-conflicting unit owners – many of whom are also billionaires – oppose the proposed legislation that would pave the way for the developers to build a tower 47 feet taller than Faena House, closer to the boardwalk.

 
Read the full story: www.therealdeal.com

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