Developers landed a $243M construction loan in November
Rendering of Missoni Baia with a concrete truck and Vlad Doronin (Credit: Getty Images and iStock)
UPDATED, Jan. 15, 11:40 a.m.: Two months after scoring a construction loan, the developers of Missoni Baia will begin a 12-hour, 5,825-ton concrete pour for the condo tower’s base.
The concrete pour starts at 7 a.m. on Wednesday and will end at 7 p.m. Nearly 300 trucks working in groups of 30 or 40 will deliver and pour roughly 2,600 cubic yards of concrete and 750 tons of rebar for the project. Ant Yapi/Civic Joint Venture LLC is the general contractor handling the pour, according to a spokesperson.
Billionaire Vlad Doronin’s OKO Group, Oleg Baybakov’s OB Group and Cain International are developing the 57-story, 249-unit building at 777 Northeast 26th Terrace in Edgewater. In November, they scored a $243.3 million construction loan from Security Benefit Life Insurance Corporation for the project.
The concrete pour will create the bottom mat foundation of Missoni Baia, which will be used to support the vertical building structure, including columns, walls and the elevator shaft, according to a release. Construction has been underway on the project and the seven-story parking garage has topped off.ADVERTISING
Missoni Baia will also include an amenities deck with a flow-through pool deck, cabanas, an Olympic-sized pool, plunge pools, children’s areas, and an elevated tennis court. Units are priced from the $500,000s and up, and range from one to five bedrooms, and from 775 square feet to 3,788 square feet.
Missoni Baia is being designed by New York-based Asymptote Architecture, led by Hani Rashid and Lise Ann Couture, a firm known for such projects as the Yas Hotel Abu Dhabi that straddles a Formula One racetrack. Interiors will be designed by Paris Forino, and Enea Garden Design is handling the landscaping.
The building is expected to be delivered by the middle of 2021.
OKO Group’s other South Florida projects include Una Residences, a condo building planned for Brickell, the office tower 830 Brickell, and an Aman-branded hotel and condo project at 3425 Collins Avenue in the Faena District.