The Argentinian developer Alan Faena has announced he will build two new luxury condo towers at his mixed-use, arts-centered development in Miami Beach.
Faena Versailles Classic, located in the old Versailles Hotel at 35th Street and Collins Avenue, will have 22 units inside a restored Art Deco façade.
An adjacent tower, Faena Versailles Contemporary, will have 41 units. Prices for condos in the buildings, which are expected to open in 2017, range from $3 million to more than $50 million.
Faena Group has already sold out an 18-story, 47-unit tower called Faena House. Residents will start moving into the condos there over the summer.
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