You're reading: Miami Herald: Russian billionaire betting big on Miami’s luxury condo market

While most developers are pulling back as Miami's high-end condo market slows, Vladislav Doronin is pushing forward with a 57-story luxury condo tower, and two more projects after it. The Russian real-estate magnate's Miami-based development company OKO Group is spending about a billion dollars to acquire the land and develop three local properties. Going up first: the $350 million Missoni Baia in the Edgewater neighborhood.

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