Another branded Miami condominium is at the center of buyers’ ire.
The condo association for Missoni Baia in Edgewater is suing billionaire developer Vlad Doronin’s Miami-based OKO Group and nearly two dozen firms that built the 60-story tower.
The Jan. 30 complaint, filed in Miami-Dade Circuit Court, alleges the condo association discovered construction defects in practically every nook and cranny of Missoni Baia after the developer turned the 249-unit building over in 2024.
The 700 Edgewater Condominium Association accuses OKO Group, which co-developed Missoni Baia with Cain International, of knowingly failing to correct defects identified by its own consultants and design professionals. It alleges the developer failed to disclose deviations from plans and hasn’t fixed the defects identified by the association and individual unit owners.
Cain International is not named as a defendant.
In addition to OKO Group, the association is suing project design firms Asymptote Architecture and Revuelta Architecture International, general contractor Civic Construction and 19 subcontractors.
Doronin declined to comment, through a spokesperson. The condo association’s lawyer Nicholas Siegfried and executives for the architecture firms and Civic Construction did not respond to requests for comment. The lawsuit does not specify the dollar amount in damages the association is seeking.
The developer obtained a temporary certificate of occupancy in 2023 but has been unable to get a final certificate of occupancy “due to ongoing, unresolved construction and design defects and code violations,” the complaint alleges.
OKO Group and Cain International started construction on Missoni Baia in 2019 after landing a $243.3 million construction loan. The tower, the first Missoni Baia-branded building in the world, features one- to five-bedroom units that sold for between $650,000 to $9 million.
Yet, the developer cut corners during the tower’s build-out, including failing to deliver furniture, finishes and decorative elements in the lobby and common areas identified in promotional materials, the Missoni Baia condo association lawsuit alleges.
OKO Group also used inferior materials and built the tower in “a manner inconsistent with industry standards,” it alleges.
The lawsuit identified 76 alleged construction defects that range from cracks in the floor slabs, foundation and columns to water intrusion in condo units, mechanical rooms, stairwells and the parking garage. Other alleged problems include lack of hot water in portions of the tower, defective fire alarm devices and fire sprinklers, leaks in the pool plumbing and filtration systems and non-functioning elevators.
The condo association of another branded development, the ultra-luxury Aston Martin Residences in downtown Miami, recently sued developer Germán Coto, alleging he siphoned millions of dollars from the owners.