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Discussion Starter · #1 ·
2 luxury towers located in Miami Beach, part of the Faena District, $1 billion Master Plan project, within a six block waterfront property.

Faena District Master Plan



Faena Versailles Classic

Originally built in 1940 and designed by architect Roy France, the old Hotel Versailles Hotel is being converted into a 22-unit condo. It's currently on renovation work, including the demolition of a circa-1955 edition and the removal of walls.






https://therealdeal.com/miami/2017/05/10/miami-beach-preservation-board-expresses-concerns-over-stalled-faena-versailles-tower/

Faena Mar

New 16-story condo tower designed by architect Brandon Haw, now called Faena Mar, located on an empty lot just south of Versailles.





https://miami.curbed.com/2015/4/6/9973620/faena-launches-sales-for-versailles-classic-and-contemporary
 

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Discussion Starter · #4 ·
After agreeing to a height reduction and slight shift in the location of a new residential tower, the developers of the Aman Hotel and Residences won the approval of their neighbors at the Faena House and Miami Beach’s Historic Preservation Board. Developers Len Blavatnik and Vlad Doronin plan to restore the historic Versailles hotel and build the new luxury tower next door at 3425 Collins Avenue in the Faena District. Doronin is the owner, Chairman and CEO of Aman.

The Versailles will contain 56 hotel rooms and the new, Kengo Kuma-designed tower will have 23 residences.

Neisen Kasdin, Akerman LLP Miami Office Managing Partner, said, the developers plan to invest $4.8 million per room to restore and develop the 56-room Versailles Hotel and that, overall, the project will “create over 300 well-paying permanent jobs for the City of Miami Beach – average pay almost $50,000 – as well as millions of dollars annually in property taxes and resort taxes.”

As a public benefit, the developers have agreed to pay for the installation of nine injection wells in the neighborhood to mitigate flooding and to fund the restoration and installation of the Jack Stewart “Apollo” mural which installed at the Versailles in 1955 and removed in 2014 when the hotel’s south addition was demolished. City staff has proposed placing it on the Scott Rakow Youth Center at 2700 Sheridan Avenue, though any placement would have to be approved by the City Commission.
Aman Residential Tower Approved for Miami Beach

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