OKO Group

Last updated
OKO Group
IndustryReal estate firm
Founded2015;9 years ago (2015)
Founder Vladislav Doronin
Headquarters Miami, Florida
Key people
 Vanessa Grout, CEO
Website okogroup.com

The OKO Group is an international real estate development firm created by businessman, Vladislav Doronin. [1] The company develops real estate projects in Miami and New York.

History

Doronin founded the Miami-based OKO Group in 2015. The word “oko” means "eye" in Proto-Slavic. [2]

In 2014, Doronin and a partner paid $48 million [3] to purchase a 44-year-old condo that overlooks Biscayne Bay in Miami at 175 S.E. 25th Street. [4] The building, built in 1971, sits on close to an acre of Bayfront property with 150 feet of waterfront. The OKO Group plans to build a 47-story luxury condo building on the site. [5]

In early 2016, OKO opened an office in Miami’s Design District at 4100 Northeast Second Avenue. The office spans about 3500 square feet. [6]

In July 2016, the firm announced a residential development of a 649-foot, 57-story tower, Missoni Baia, located at 700 Northeast 26th Terrace. [3] This will be the first residential project for the Italian fashion house, Missoni, with their home collection and designs used throughout the building's public spaces. The architect, Hani Rashid of Asymptote Architecture, was inspired by modern minimalist artists, Sol LeWitt, Dan Flavin and James Turrell. The project's landscaping is by Swiss landscape architect Enzo Enea, [7] and the interiors were designed by New York-based Paris Forino. [8] In October 2016, it was announced that Adrian Smith + Gordon Gill Architecture would design the condo tower, the firm's first project in Miami. [4]

In November 2016, OKO Group paid $54 million for a two-acre site fronting Biscayne Bay, Florida. The property at 720 Northeast 27th Street was purchased from Jesuit Fathers of the Province of the Antilles, and has 475 feet of water frontage. [9] [10] In 2019, OKO Group announced plans for a $1.3 billion hotel and residential development occupying the Crown Building in Manhattan. [11]

In 2020, the company acquired three full blocks of Miami real estate for $63 million. [12] In June 2020 Vanessa Grout was appointed as CEO of OKO Group. [13] In April 2021, OKO Group received a $128 million construction loan to build to a luxury condominium tower in Brickell, Miami. [14]

In 2022, OKO Group and Cain International bought buildings in Palm Beach for $147 million. [15]

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References

  1. ↑ "Russian real estate mogul Vlad Doronin stretches his world from Moscow to Miami". miamiherald. Retrieved 2017-05-18.
  2. ↑ "There's Nothing Understated About Vladislav Doronin - SURFACE". www.surfacemag.com. Retrieved 2017-05-18.
  3. 1 2 "Developer Vladislav Doronin doubles down". The Real Deal Miami. October 2016. Retrieved 2020-11-12.
  4. 1 2 Bandell, Brian (Oct 13, 2016). "Billionaire developer taps architect of world's tallest building to design Brickell condo tower". South Florida Business Journal. Retrieved 12 November 2020.
  5. ↑ "Vlad Doronin taps Burj Khalifa architect to design Brickell skyscraper". The Real Deal Miami. 2016-10-13. Retrieved 2017-05-18.
  6. ↑ "Vlad Doronin's OKO Group opens Design District office". The Real Deal Miami. 2016-03-15. Retrieved 2017-05-18.
  7. ↑ "Inside look at Missoni's first condo tower: Missoni Baia". The Real Deal Miami. 2016-07-22. Retrieved 2017-05-18.
  8. ↑ "Q&A With Paris Forino on Missoni Baia and Her Various Projects". www.newyorkspaces.com. Retrieved 2017-05-18.
  9. ↑ "Builder Hotspots" . Retrieved 23 September 2019.
  10. ↑ "Vlad Doronin adds to Edgewater assemblage with $54M purchase". The Real Deal Miami. 2016-11-23. Retrieved 2017-05-18.
  11. ↑ "A Russian Billionaire's $1.3 Billion Bet on New York's Iconic Crown Building". Wall Street Journal.
  12. ↑ "Billionaire developer buys three full blocks in Fort Lauderdale for $63M". South Florida Business Journal.
  13. ↑ Manrodt, Alexis (2020-06-03). "OKO Group Hires Vanessa Grout As CEO Of Real Estate". The Real Deal South Florida. Retrieved 2022-10-25.
  14. ↑ "Billionaire Vlad Doronin, partner score $128M construction loan for Brickell condo tower". TheRealDeal.
  15. ↑ Hourie, Ilya (2022-10-21). "Vlad Doronin's OKO, Cain Pay $147M for Palm Beach Co-Ops". The Real Deal South Florida. Retrieved 2022-10-25.
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