Home / Luxury Home Market / Faena Group Announces New Condo Towers in Miami Beach
April 7, 2015 / Maggie Mercer / 0 Comments / Luxury Home Market

Faena Group Announces New Condo Towers in Miami Beach

Argentine developer, Alan Faena, has announced the addition of two new residential towers to his Miami Beach portfolio: Versailles Classic and Versailles Contemporary. According to a recent article from The Real Deal, this will bring the Faena district to three condo towers and a hotel, event and retail complex located in Mid-Miami Beach. “Faiena Miami Beach will be the new paradigm of the Miami lifestyle, one where design, refined hospitality and culture converge,” stated Faena, head of Faena Group, who is joining forces with Len Blavatnik on the project.

Faena Versailles Classic will be a 22-unit tower located in the former Versailles Hotel at 35th Street and Collins Avenue. Designed by William Sofield, the project plans to incorporate the building’s existing facade, grand lobby, terrazzo flooring, and custom chandeliers, which date back to the the 1940’s. Each unit will boast an ocean view, one to four bedrooms, and custom kitchens and bathrooms. They will range from 1,034 square feet to 2,743 square feet, excluding the two duplex penthouses with up to 7,300 square feet.

Faena Versailles Contemporary will include 41 luxurious units designed by architect Brandon Haw. They will range from one to five bedrooms, and from 1,111 square feet to 5,469 square feet, with the exception of the two penthouses which will exceed 8,000 square feet apiece. One of the penthouses will also feature a 2,097-square-foot infinity pool and a 6,600-square-foot rooftop deck.

Both condos luxurious amenities in addition to valet parking, storage spaces, two gyms, gardens by Raymond Jungles, and preferred status to components of the Faena district. Faena Miami Beach is spread across 32nd Street to 36th Street and includes the Faena Saxony hotel, a marina and a retail complex designed by Rem Koolhaas and OMA. Prices will range from $3 million to upward of $50 million, and occupancy is expected in 2017.

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