Luxury resorts group AMAN has announced a new Aman hotel and Aman-branded residences in Miami at South Beach, on the former site of the Versailles Hotel at 3425 Collins Ave. in Miami Beach.
The project will be the final piece of the Faena District, a cultural hub stretching along both sides of Collins Avenue from 32nd to 36th streets that was launched in 2015 by Argentine developer Alan Faena. The district is home to the Faena Hotel Miami Beach, the art and event venue Faena Forum, the prestigious Faena House condo tower, and numerous restaurants and bars.
The Aman Miami is a joint venture between the Miami-based OKO Group, the real estate firm developing the luxury condo towers Missoni Baia in Edgewater and Una Residences in Brickell, and Access Industries, a private investment firm with $20 billion in holdings spread over six million square feet around the world, including the Faena Hotel Miami Beach.
Jonah Sonnenborn, managing director and head of Real Estate at Access Industries, said in a press release that “transformational neighborhood investment” is a hallmark of the company’s investment strategy.
“The Faena District is now a renowned hospitality and lifestyle destination, and positively contributes to Miami Beach. Versailles expands this mission even further, and we are thrilled to find a partner who shares [Access Industries founder Len Blavatnik’s] insight. OKO and Aman are the ideal partners to complete the vision for the Faena District.”
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