The first of four OKO Group projects plans to break ground in Miami in the coming weeks, the developer announced today, with the 649-foot Missoni Baia beginning its rise at 777 Northeast 26th Terrace in Edgewater.

The 57-story luxury tower will be the first-ever branded residences from the Italian fashion and design house, Missoni. Comprised of 249 units ranging from 776 to 3,788 square feet, the project holds its official groundbreaking ceremony Thursday, October 12. Residences are now priced from $500,000 with the developer reducing the size of floor plans.

Amenities include five swimming pools, an elevated tennis court and fitness center, a spa overlooking the bay, a media room, a beauty salon, a children’s playroom, and a pet spa.

“Missoni Baia is leading the way in Edgewater; setting a new standard for a sophisticated living with amenities worthy of a luxury resort,” said Vladislav Doronin, Chairman and CEO of OKO Group. “We are proud to bring these distinctive, creative talents together; Hani Rashid’s expert architectural vision, the creative direction of Angela and Rosita Missoni, Paris Forino’s skilled interior design and Enzo Enea’s sensitive landscaping, to collaborate on this residential project which will define luxury in this burgeoning neighborhood. OKO Group is investing over $700 million into the Edgewater neighborhood, further bolstering this emerging, vibrant community. The Missoni Baia residences bring to the market an opportunity to invest in a unique lifestyle with a broad range of unparalleled amenities and panoramic waterfront views.”