The bottom line: Aman Miami Beach is under construction at 3425 Collins Avenue in Miami Beach's Faena District. The development combines a restored Versailles Hotel housing 56 hotel rooms (designed by Jean-Michel Gathy of Denniston) with a new ground-up 18-storey Kengo Kuma-designed tower containing 22 Aman-branded residences. The project is developed by OKO Group and Access Industries — the same OKO Group ownership consortium that delivered Aman New York at 730 Fifth Avenue. Top-off is anticipated in early 2026; delivery scheduled for 2027.

Aman Miami Beach is one of the highest-profile ultra-luxury hotel projects currently under construction in the United States. The property combines a restored historic Versailles Hotel anchor housing 56 hotel rooms with a new ground-up 18-storey Kengo Kuma-designed tower containing 22 Aman-branded residences. The development is sited at 3425 Collins Avenue in Miami Beach’s Faena District, with vertical construction underway as of late 2025 and a delivery timeline targeting 2027.

This piece is a 2026 preview of the project — what’s confirmed in the public reporting, the development team, the design framework, and the broader Aman portfolio context.

The Project Structure

Aman Miami Beach is structured as a two-component development:

The restored Versailles Hotel — a historic Miami Beach building being restored as the Aman hotel anchor. The Versailles will house 56 Aman hotel rooms, with interior design by Jean-Michel Gathy of Denniston. The restoration preserves the historic Collins Avenue building heritage while integrating the Aman brand-standard product specification.

The new 18-storey tower — a ground-up Kengo Kuma-designed residential tower containing 22 Aman-branded residences. The residences are the sold component of the development and are positioned at the top of the Miami Beach ultra-luxury residential market on the Faena District geography.

The combination of a restored historic anchor and a new-build residential tower follows a pattern established at other Aman urban developments — most directly the Aman New York at 730 Fifth Avenue, which opened August 11, 2022 with the restored Crown Building hotel anchor plus 22 Aman-branded residential condominiums.

The Development Team

OKO Group and Access Industries are the principal development partners. OKO Group is the development consortium led by Vladislav Doronin, who is also the controlling shareholder of Aman Resorts globally. The same OKO Group ownership delivered the Aman New York at 730 Fifth Avenue.

Access Industries is the broader Len Blavatnik-controlled investment vehicle. The OKO Group / Access Industries combination provides the capital and the development-management infrastructure to deliver the Miami Beach project at the brand-standard quality the Aman portfolio requires.

The cross-ownership linkage between the OKO Group development consortium and the Aman brand structure is a recurring feature of recent Aman urban projects. The integration ensures the brand-standard delivery quality across the principal property components and aligns the development incentive structure with the long-term operating performance of the completed property.

The Design Team

Kengo Kuma is designing the new 18-storey tower with the 22 residences. Kuma is the Japanese architect whose other principal projects include the Tokyo 2020 Olympic Stadium, a number of significant hospitality projects globally, and a series of museum and cultural commissions. Kuma’s signature architectural language — characterised by an emphasis on natural materials, restrained massing, and a deliberate integration with site context — is one of the principal architectural differentiators of the Miami Beach project against peer ultra-luxury developments.

Jean-Michel Gathy of Denniston is designing the interior of the restored Versailles Hotel with the 56 hotel rooms. Gathy is among the most prominent contemporary hotel interior designers, with the Aman New York and Aman Tokyo projects within his significant Aman portfolio. The Gathy interior framework will align the Miami Beach hotel rooms with the broader Aman brand-standard interior register established at the New York property and at other Aman urban hotels globally.

The Faena District Geography

The Aman Miami Beach site at 3425 Collins Avenue sits within the broader Faena District — a stretch of Collins Avenue anchored by the existing Faena Hotel Miami Beach and the surrounding Faena-developed cultural and residential programming. The Faena District has become one of the principal Miami Beach ultra-luxury geographies across the post-2015 development cycle.

The Aman Miami Beach addition will materially reshape the top of the Faena District ultra-luxury hospitality and residential market. The combination of the Aman brand recognition, the Kengo Kuma architectural design, the Jean-Michel Gathy interior framework, and the small 56-hotel-room plus 22-residence inventory ceiling positions the property at the highest tier of the Miami Beach hospitality landscape.

What This Means for the 2026-2027 Miami Beach Premium Hotel Set

The Aman Miami Beach delivery in 2027 will materially reshape the top of the Miami Beach ultra-luxury hotel market. The property will enter a competitive set that includes:

  • Faena Hotel Miami Beach: 179 rooms with the Damien Hirst-anchored art programme and the Los Fuegos / Pao restaurants
  • The Setai: Asian-influenced ultra-luxury anchored on the South Beach geography
  • EDITION Miami Beach: Marriott’s EDITION brand property at the broader Miami Beach geography
  • Various Collins Avenue and Ocean Drive ultra-luxury and luxury properties at adjacent rate tiers

The Mandarin Oriental Miami’s May 2025 closure created a vacancy at the top of the Miami market that will not be addressed by a reimagined Mandarin until 2030. The Aman Miami Beach delivery in 2027 will partially fill the ultra-luxury vacancy created by the Mandarin closure, positioned at a Miami Beach rather than Brickell Key geography.

For corporate travel managers tracking the Miami Beach premium hotel pipeline, the Aman Miami Beach project is the principal 2027 luxury hotel delivery to monitor. The development timeline should be verified directly with the property at the time of any 2026-2027 booking planning.

Sources

Public reporting tracked for this preview includes Aman’s official property page, Aman new developments page, Florida YIMBY construction coverage, South Florida Agent Magazine, Million Luxury, and Miami Living Magazine.

Frequently asked questions

When will Aman Miami Beach open?
Construction is currently underway at 3425 Collins Avenue. Public reporting through 2025 tracks top-off of the 18-storey tower anticipated in early 2026, with full delivery scheduled for 2027. The opening timeline reflects a multi-year construction programme on the Collins Avenue site.
Where is the property located?
At 3425 Collins Avenue in Miami Beach's Faena District. The Faena District is the broader Collins Avenue neighbourhood anchored by the existing Faena Hotel Miami Beach and the surrounding Faena programming. The Aman site is positioned within the district and within direct beach access of the Atlantic shoreline.
How is the property structured?
Two principal components: a restored historic Versailles Hotel building housing 56 hotel rooms designed by Jean-Michel Gathy of Denniston, plus a new ground-up 18-storey tower containing 22 Aman-branded residences designed by Kengo Kuma. The combination of the restored historic anchor and the new-build residential tower is structurally similar to other recent Aman urban developments — the Aman New York at 730 Fifth Avenue follows a similar pattern with the restored Crown Building anchor and residential condominium component.