Una Residences Delivers $172M in Luxury Sales
Fifty buyers have closed on units at the delayed Una Residences tower for a combined $172 million. The 47-story Brickell development attracted international billionaires and investment executives.
Luxury buyers have completed $172 million worth of closings at Una Residences, the 47-story condominium tower that finally opened in Brickell after significant delays.
Fifty purchasers have finalized deals at the 129-unit development at 175 Southeast 25th Road, with individual unit prices spanning from $1.9 million to $8.3 million, according to Miami-Dade County property records. OKO Group, controlled by billionaire Vlad Doronin, and Cain International under Jonathan Goldstein's leadership secured their temporary certificate of occupancy in February.
The buyer roster includes prominent international figures, led by a trust connected to German candy billionaire Maike Oberwelland-Height, who acquired the tower's most expensive unit to date at $8.3 million for a 34th-floor residence. The same trust recently purchased a penthouse at Vita at Grove Isle, demonstrating continued high-end investment in Miami's luxury market.
Manuel J. Balbontin, vice chairman of Brazilian-based Latin American alternative asset management firm Vinci Compass, paid $6.2 million for a 21st-floor condominium. Another significant transaction involved a trust representing Bert van der Walt, co-founder and Portfolio Manager at multibillion-dollar investment adviser Tectonic Investors, who secured a unit for $2.6 million.
The Adrian Smith + Gordon Gill-designed tower represents the first new waterfront condominium development in Brickell in over a decade. Presales began in 2018 with an anticipated completion date of early 2023, making the final delivery approximately three years behind schedule. Despite construction delays, the project achieved over 90 percent presold status earlier this year, including two tri-story penthouses priced near $18 million each.
Remaining inventory carries price tags between $6.2 million and $10.8 million. Unit configurations range from two to five bedrooms, with living spaces spanning 1,100 to nearly 4,800 square feet, excluding terrace areas. The development features three swimming pools, fitness facilities, spa amenities, steam rooms, lounging areas, and dedicated children's spaces.
OKO Group originally acquired the nearly one-acre site for $48 million in 2015, replacing the former 11-story 25 Bay Tower Condo building. Construction financing included a $128.3 million loan from Bank OZK secured in 2021.
The developers maintain an active South Florida portfolio, including the completed 60-story Missoni Baia tower in Edgewater and 830 Brickell, a fully leased Class A office building. OKO and Cain are also advancing the Aman-anchored One Beverly Hills mixed-use project, which will combine hotel, private club, and residential components.
Una Residences' successful sales performance reflects sustained demand for luxury waterfront properties in Miami's evolving Brickell corridor, where international buyers continue seeking premium residential opportunities.
