Aman Plans 1,049-Foot ATMA Tower in Brickell With Djokovic

Miami's next skyline topper comes with its own tennis coach. Aman Group has launched ATMA, a wellness and sports brand with Novak Djokovic as global partner, and its first site is a planned supertall in Brickell, according to the company's release ^[1].

The tower, developed by OKO Group and Oak Row Equities, will rise 1,049 feet, the maximum Miami permits under Federal Aviation Administration limits, The Real Deal reported ^[2].

What is going up

• The 4.25-acre site, at 1001 and 1111 Brickell Bay Drive, cost the developers $520 million, a South Florida record for a development site ^[2].
• Tyko Capital backed the purchase with a $464.5M loan covering acquisition and predevelopment, Bisnow reported ^[3].
• The 120,000-square-foot wellness and spa hub will offer indoor tennis, padel and squash courts, per Aman Group ^[1].
• Residences will run from one to five bedrooms, with six-bedroom penthouses, and completion is scheduled for 2031 ^[1].

But the plans leave big blanks. The release gave no count of hotel keys or condos, The Real Deal noted, and Bisnow said there was no added detail on the hotel ^[2][3]. The sources even differ on the bay frontage: Bisnow says more than 480 feet, while The Real Deal says 485 feet ^[3][2]. Delivery is also five years out, a long stretch for any condo cycle.

What it means for you

By our math, the $520 million land price works out to about $122 million per acre, and it came in roughly 20% below the $650 million Aimco first sought ^[2]. Branded amenities like a celebrity sports club are how developers try to justify land at that level. Investors watching Miami condo presales should track whether buyers pay up for the ATMA name once pricing is public.

Zoom out

Wellness and sports branding is spreading in luxury housing. Aman Group says ATMA will expand to both city and remote locations after Miami ^[1].