Where Olara stands today is a fact you can check without asking the sales team: the county’s permit record, the site itself and the construction lender’s inspections all say how far a tower has risen. Progress runs in stages, from the permit through the foundation, the structure, topping off, the facade and the certificate of occupancy, and the deposit schedule is written around those same stages. Here is how to read where Olara is, and what that means for a buyer deciding whether to sign now or wait.
This page is a framework. Whether the building suits you is a separate conversation. Contact the desk at Miami Dossier for the current position on any building we cover.
A Miami condominium is sold before it exists, and the gap between the launch and the keys is the whole subject of this page. In order: the reservation, then the contract once the condominium documents are filed with the state; the building permit and the construction loan, which in most projects wait for a sales threshold the lender sets; the foundation, piles driven deep and a mat poured over weeks; the structure; topping off, when the last slab is poured; the facade and the interiors, which take longer than buyers expect; and the certificate of occupancy, after which closings begin. Ask which of these Olara has passed and on what date. The tower as planned: 275 residences of two to four bedrooms plus den across 26 storeys; construction at floor 15 as of August 2026; phased delivery late 2026 through 2028. The architect whose drawings the permit was issued on: Arquitectonica; landscape by EDSA.
Read it against the Kempinski Residences Miami Design District dossier for the nearest comparison.
Progress is public. Miami-Dade County, Palm Beach County and the cities each keep a permit portal where the master building permit and its inspections can be read by anyone with the address; a permit not yet issued means a tower not yet started, whatever the renderings say. The site can be driven past, and a crane, a pile driver or a topped-off structure tells you more than a film. Ask the developer of Olara for the construction lender’s name and whether the loan has closed, because a lender’s draw inspections are the most disciplined record of progress there is, and ask for dated photographs rather than renderings; read any update for dates and floor numbers, not adjectives. Where the site is: 1919 N Flagler Drive, West Palm Beach, overlooking the Intracoastal Waterway; Currie Park and the NORA District walkable per the developer; Worth Avenue on Palm Beach island minutes away. Who is building it, and on whose paper: Savanna, New York based real estate investment manager formed in 1992; construction by SavCon and Gilbane; exclusive sales and marketing by Compass Development Marketing Group.
The deposit schedule for a new condominium is usually written around construction milestones: a payment at contract, another at groundbreaking or at the permit, another at topping off, the balance at closing. That is not an accident; it ties your money to the developer’s progress and gives you a date to verify before each wire. Before a milestone payment, confirm the milestone happened: the permit record for the groundbreaking, the site for the top-off. Florida law governs how a developer may hold and use deposits on a pre-construction condominium, and the contract names the escrow agent who holds yours; read both with counsel, and ask what happens to each payment if a milestone is missed. The schedule for Olara as published or held: The deposit schedule is held by the desk and read with you before contract. What you are paying for, as described: Two assigned full sized parking spaces with EV capability per residence; twelve guest suites in the building.
Progress tells you where the building is; it does not tell you when it will finish, and nobody honest will give you that date as a promise. The contract carries an estimated completion date and an outside date, and the gap between them is the developer’s cushion; what progress adds is evidence. A topped-off tower is nearer its keys than a fenced lot, and a buyer who checks the record each quarter knows which Olara is. The operator who will run the building once it opens, where there is one: No brand or operator is recorded for this building. What the finished building is meant to hold: Over 80,000 square feet centred on a private sixth floor deck; dining by Jose Andres Group including an 8,500 square foot indoor and outdoor waterfront restaurant and a dockside oyster bar; private marina with resident slips, a captained fishing boat and a cruising yacht; 24 hour doorman, valet and security; resident manager and concierge.
The trade-off is choice against certainty. Signing early at Olara means the widest choice of line and floor and the longest wait, with the deposits out and the finish unseen; signing late means a building you can stand in and whatever remains on the price list. The desk reads the permit record, the lender’s status and the deposit schedule for Olara with you before either decision.
A rendering is a promise. A permit is a fact. Pay on the fact.
Developer materials for Olara as carried on the live dossier, verified September 2026. Compiled by the desk at Miami Dossier; figures are approximate and the developer’s.
Contact the desk at Miami Dossier for the documents behind this note, read one to one with you and your advisers.
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We hold no listings and we are not the developer. Contact the desk at Miami Dossier and we will tell you what applies to your situation, what does not, and where we would not proceed. On this topic that means the document before the opinion. Where a question is legal, tax or structuring, we introduce you to advisers who handle that properly rather than answering it ourselves.
Samuel Strauch is the owner of Metrik Real Estate. His team of agents represents buyers in Miami pre-construction.
A person replies within 24 hours, usually much sooner. On weekends, back on Monday morning.
