The Real Deal Miami

Faena announces Faena Versailles luxury resi towers in Miami Beach

Prices will range from $3M to more than $50M

April 02, 2015 12:00PM
By Katherine Kallergis

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Faena Versailles and Alan Faena

Faena Versailles towers and Alan Faena

Alan Faena is adding to his Faena Miami Beach developments with two new residential towers: Versailles Classic and Versailles Contemporary. The additions bring the Faena district to three condo towers, along with a hotel, event and retail complex in burgeoning Mid-Miami Beach.

Faena Versailles Classic will be a 22-unit tower designed by William Sofield. Faena Versailles Contemporary will feature 41 units designed by architect Brandon Haw, Faena Group announced in a press release.

Classic will be located in the former Versailles Hotel at 35th Street and Collins Avenue. The building’s 1940 facade, grand lobby, terrazzo flooring and custom chandeliers will be preserved.

The tower’s 22 units will include ocean views, and custom kitchens and bathrooms. They’ll range from one to four bedrooms with anywhere from 1,034 square feet to 2,743 square feet, in addition to two duplex penthouses with up to 7,300 square feet.

Faena Contemporary’s 41 units will range from one to five bedrooms, and from 1,111 square feet to 5,469 square feet. Two penthouses will exceed 8,000 square feet; one of which includes a 2,097-square-foot infinity pool and a 6,600-square-foot rooftop deck.

Prices range from $3 million to more than $50 million. Douglas Elliman is the exclusive sales and marketing firm.

Amenities will include valet parking, storage spaces, two gyms, gardens by Raymond Jungles, and preferred status to components of the Faena district, according to the press release. Occupancy is expected in 2017.

Faena Miami Beach spans from 32nd Street to 36th Street. It includes the Faena Saxony hotel, a marina and a retail complex designed by Rem Koolhaas and OMA. The 47-unit Faena House sold out less than a year ago. Closings are scheduled to begin this spring.

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