A Russian developer is moving forward with plans to demolish an 11-story Brickell condo building and replace it with a much taller tower.
Plans were filed with the FAA yesterday to build a 613-foot tower at 175 SE 25th Road. OKO Group, led by Vladislav Doronin, has said that they plan a 48-story condo there.
Doronin’s company paid $48 million to buy out the 61 condos in the bayfront building that will be demolished, or an average of $800,000 apiece.
Update: OKO Group is led by Vladislav Doronin. A representative confirmed that he remains the developer behind this project.
Previously: Russian Developer Buys Brickell Property For $48 Million, Plans 48-Story Tower
Russia’s OKO Group Bullish On Waterfront, Paid Double Market Value To Buy Out Brickell Condo Owners