A new building comes with promises the brochure never prints, because the statute prints them. At Olara, here is what they cover, how long they last, and who enforces them.
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.
Florida’s condominium statute deems the developer to warrant that a new building is fit and merchantable for its intended use. For each residence at Olara, the warranty runs three years from completion of the building. For the roof, the structure and the main mechanical, electrical and plumbing elements, it runs three years from completion or one year after owners take control of the association, whichever is later, up to five years. Contractors and suppliers give implied warranties of their own; appliances follow the manufacturer’s.
Olara: 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.
Read it against the Kempinski Residences Miami Design District dossier for the nearest comparison.
Purchase agreements often add a written limited warranty, a claims procedure, and exclusions such as hairline cracks in stone, normal wear and owner alterations. Some limit remedies or require arbitration. How the contract at Olara sits beside the statute is a question for counsel before signing, not after a leak.
Olara: 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.
A defect inside one residence is the owner’s claim. A defect in the roof, the facade, the garage or the shared systems at Olara belongs to the association, which the developer controls until turnover; that is why the period runs past it. At turnover the developer hands over plans, warranties and records, and many owner boards hire an engineer to review the building before the periods run out.
Olara: Two assigned full sized parking spaces with EV capability per residence; twelve guest suites in the building.
Florida requires written notice of a construction defect claim to the developer and the contractors before suit, with time to inspect and to offer a repair or a payment. Outer time limits on defect claims have been shortened in recent years, so the dates matter. Keep the closing, certificate of occupancy and turnover dates for Olara in one file. The desk keeps them for every building it covers and introduces counsel when a claim is in view.
The warranty starts with the building, not the closing. Write the dates down.
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.
