OKO Group, the Miami-based development company founded by international real estate magnate and hotelier, Vladislav Doronin, has announced that the foundation work for Missoni Baia, the sculptural luxury condominium tower located in Miami’s rapidly growing Edgewater neighborhood, is now complete and, over the summer, the building started its vertical ascent above street level. Slated to top out at 649 feet in height, the 57-story building is the first of OKO Group’s four development projects in Miami, and represents the first-ever branded residences from the legendary Italian fashion and design house, Missoni.
In addition to the finished foundation, which includes 190 piles totaling 12,160 linear feet, more than 345 tons of steel-reinforcing bar, and 2,250 cubic yards of concrete—the equivalent of 225 full drum-loads in a cement mixer truck—the installation of columns and shear walls is underway for the building’s expansive amenities deck and parking garage, which will include space for 398 cars and 17 private parking stalls.
OKO Group and its partner Cain International are investing over $150 million in the construction of Missoni Baia, adding to the developer’s unmatched portfolio of over 75 million square feet of world-class commercial, retail and luxury residential space over a total of 71 buildings.
Construction remains on track and on schedule for completion in late 2020.With crews pouring one floor per week. “We are extremely pleased with Missoni Baia’s progress to date and look forward to seeing the tower’s contemporary architecture take shape on this unique waterfront location overlooking Biscayne Bay,” said Vladislav Doronin, Chairman and CEO of OKO Group. “We are certain the building will have a profound effect on the Miami skyline, in addition to offering an elevated and unparalleled living experience in Edgewater, which is already one of the city’s most sought-after residential destinations.”
“We look forward to the steady ascent of the Missoni Baia tower as it rises to become a formative addition to East Edgewater and the Miami skyline," said Jonathan Goldstein, CEO of global real estate investment firm Cain International, and OKO Group’s partner. “With OKO Group and Cain International’s combined experience, developing over 20,000 apartments and condos across the globe, Missoni Baia will deliver first class luxury and amenities in an iconic Miami skyscraper."
Missoni Baia’s architecture is the vision of New York-based Asymptote Architecture, pioneers in the convergence of technology and art in architecture. The firm is best known for its unorthodox and eye-catching international projects including the Yas Viceroy Abu Dhabi hotel, which straddles a Formula 1 racetrack, and the upcoming Hermitage Modern Contemporary Museum in Moscow.
In keeping with Missoni’s artisanal heritage, Missoni Baia will bring expert integration of style, craftsmanship and engineering to life, resulting in a residential experience of unmatched quality and a striking edifice that marks its presence on waterfront and skyline alike. When finished, the elegant tower will consist of 249 elegantly crafted residences, each ranging from one- to five-bedrooms, and 776 to 3,788 square feet.
“The Missoni Baia project continues to resonate well with the domestic market and also with international buyers, particularly those from Mexico, Colombia and Brazil. It is a great confidence boost to see the progress made and we are excited to witness the daily changes on site as construction climbs skyward.” said Edgardo Defortuna, president and CEO of Fortune Development Sales.
Many of the residences offer flow-through layouts with multiple exposures and views of the city, the bay, Miami Beach, and the ocean beyond. Other larger living options include three dramatic duplex townhomes boasting expansive private terraces near the water’s edge, and two spacious penthouses with an option to combine into one larger unit. New York-based interior designer Paris Forino, known for her high-end custom private homes, has conceptualized neutral, but luxurious backdrops for a broad range of furnishings and art.
The interior design of the building incorporates Missoni’s trademark colorful design palette and Missoni Home furniture collection in inventive ways, including in all public spaces and amenities. Residents will have access to a full suite of amenities designed in collaboration with Missoni, offering the comforts of a luxurious resort in a private residential setting. Features include a flow-through deck designed for all-day sunbathing with well-appointed cabanas, four swimming pools including an Olympic-sized lap pool, a children’s pool, and an infinity-edge pool on the Bayfront Terrace, elevated tennis court and an expansive fitness center and spa overlooking the bay.
Missoni Baia is a sculptural tower with an innovative, streamlined, high-performance structure, as evidenced by the aerodynamic super-columns that render the glass façades almost entirely mullion-free. The fin-like corner columns echo the sails and sleek hulls of super-yachts—a fitting metaphor, given the building’s prominent waterfront setting. Landscaping of tropical planting and reflection pools, designed by renowned Swiss landscape architect Enzo Enea, weave together the indoor and outdoor spaces.
SALES INFORMATION
Fortune Development Sales is the sales and marketing agent for Missoni Baia. For additional information on availability or to schedule an appointment, please contact the sales office at +1 305 800 7000 or visit missonibaia.com
ABOUT OKO GROUP
OKO Group is an international real estate development firm established by Chairman and CEO, Vladislav Doronin. OKO Group builds on the formidable expertise of Mr. Doronin, one of the most successful and respected international developers, and his peerless track record in constructing more than 75 million square feet of world-class commercial, retail and luxury residential space over a total of 71 buildings as Founder of Capital Group.
OKO Group brings not only considerable financial strength to the U.S. market, but also a passion for working with the very best architects and designers in the world, including Pritzker Prize–winning architect Zaha Hadid, the preeminent architecture firm Skidmore, Owings & Merrill, known for designing some of the world’s tallest towers, visionary Hani Rashid of Asymptote Architecture, acclaimed interior designer Iosa Ghini Associati, and the legendary designer Jacques Grange. OKO Group’s current U.S. portfolio includes prime properties and development projects in Miami and New York City. As owner and Chairman of Aman, one of the most admired hospitality brands in the world, Mr. Doronin’s global business portfolio spans across Europe, Asia and the U.S. More information about OKO Group is available at okogroup.com
ABOUT CAIN INTERNATIONAL
Cain International is a diversified real estate company investing in both debt and equity opportunities in the UK, US and mainland Europe. The company has invested over $3 billion across a wide-ranging portfolio, including $2.3bn of debt financing and $800 million of equity across 1.8m square feet of office and retail space, 7,000 residential units and 7,000 hotel keys. Cain International identifies unique opportunities with strong partners and works to create value by delivering 21st century services and amenities to meet and exceed the expectations of consumers, tenants and residents.
The portfolio of investments, joint ventures and developments in marquee properties include the Waldorf Astoria Beverly Hills and the Beverly Hilton; The St. James, first-class sports, wellness, and active entertainment centers expanding across the US; The Stage, a 2.3 acre mixed-use development built around the excavated remains of Shakespeare’s Curtain Theatre in London; the boutique Six Senses residences and spa in Courchevel, France. These properties and projects are complimented by a debt portfolio including a £450 million loan for the development of 1 & 5 Bank Street, a 715,000 SF high-quality office space in London; and a £390 million loan for One and Two Southbank Place, a two office tower development constructed by Canary Wharf and Qatari Diar which includes the new headquarters for Shell International’s downstream business unit.
ABOUT EDGEWATER MIAMI
Edgewater is a residential enclave nestled between Downtown Miami and the dynamic Design District and Wynwood Arts District. Edgewater offers close proximity to the artisanal shops and restaurants of Midtown Miami, the Adrienne Arsht Center for the Performing Arts, American Airlines Arena and Downtown Miami’s architectural landmarks, including the celebrated Pérez Art Museum Miami. It also offers easy access to Miami International Airport, which recently completed a $3 billion expansion. Missoni Baia’s advanced design will bring a new level of sophistication to one of Miami’s most increasingly desirable waterfront neighborhoods.
ABOUT MISSONI
Missoni is one of the leading and most distinctive fashion houses in the world. The Missoni style has evolved out of a long- standing collaboration between the husband and wife team of Ottavio and Rosita Missoni. Ottavio Missoni came to London in 1948 for the London Olympics, where he qualified for the final 400m hurdle race. While in London he met Rosita Jelmini, the granddaughter of a family of manufacturers from Golasecca, in Northern Italy. After marrying in 1953 they began making items of knitwear in a small workshop in the basement of their first home in Gallarate. Ottavio and Rosita's path has been followed by their children and grandchildren, who today continue to keep alive the spirit of the Missoni style all over the world. Angela Missoni has been the creative director of the company since 1997 and is committed to infusing the family's brand with new energy, confidently communicating trends and ideas. Under her direction, Missoni's runway shows and communication continually make an authoritative, international statement. Luca Missoni, brother of Angela, is the Artistic Director of the Missoni Archive, which he is developing into a project to promote and valorize the Company’s artistic and fashion heritage. More information about Missoni is available at missoni.com.
ABOUT ASYMPTOTE ARCHITECTURE Asymptote Architecture, a partnership between Hani Rashid and Lise Anne Couture, has in recent years embarked on a number of ambitious and challenging projects around the globe. In each case the focus has been on creating exciting and compelling architectural works with an attention to advances in both the thinking and conceptualizing of new spatial, formal and technological possibilities. Recent works include two new projects for Moscow, a new Hermitage Museum for contemporary and modern art, and a new 150m tower being built on the ZIL property in central Moscow. Alongside these projects other notable works by Rashid and Couture include the Yas Marina Hotel on Abu Dhabi and the ARC Multimedia Museum in Daegu South Korea. Asymptote Architecture has offices in New York City and Vienna Austria.
Hani Rashid was endorsed by Mr. Doronin’s friend, the Pritzker Prize–winning architect Dame Zaha Hadid, when OKO Group was looking for an architect to work with for Missoni Baia.
More information about Asymptote Architecture is available at asymptote.net.
