A condominium is three ownerships stacked on one another. This is how they stack at Olara, and where each one is written down.
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.
Olara is at 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. Read it against the Kempinski Residences Miami Design District dossier for the nearest comparison. This page is the buyer’s counsel’s reading of it, as a framework to verify, never as a finding.
The record, in the developer’s words: Development: 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. Architecture: Arquitectonica; landscape by EDSA. Interiors: Gabellini Sheppard. Position: 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.
Compare as you read: Alba Palm Beach and Banyan Tree Residences answer the same questions differently, and the desk holds the documents for all three.
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. No brand licence is recorded. The association is created by the declaration and is owned by the unit owners from turnover; until then the developer controls it.
Three parties, three sets of rights. The purchase agreement binds you to the first; the licence binds the building to the second; the declaration binds you to the third for as long as you own.
A condominium unit is the air and finishes inside the walls; the walls, the structure, the amenities and the land are common elements owned in undivided shares. The share sets your vote and your slice of every budget and every assessment.
For 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; the denominator of every assessment is that count, weighted as the declaration sets it.
Where a brand is attached, it is a licence. A licence has a term, a fee and an exit. The name on the building is not an asset the owners hold; it is a contract the association or the developer holds, and it can end.
You own the unit. You share the building. You rent the name.
Florida law transfers control of the association from the developer to the owners on a schedule tied to sales; at turnover the owners receive the books, the contracts and the reserves as the developer left them. The first owner board inherits the management contract, the brand licence and the budget. Ask what the developer will hand over, and when.
The declaration and bylaws. The purchase agreement. The estimated first budget and the reserve schedule. The management or brand agreement and its term. The rules on leasing, guests and pets. The turnover provisions.
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 every line here, read one to one with you and your buyer’s counsel.
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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. For counsel that means the declaration before the deed. Where a question is legal, tax or structuring, we introduce you to advisers who handle that properly rather than answering it ourselves.
The Miami Dossier team works for the buyer, not the developer. Every agent on Samuel Strauch’s team represents buyers in Miami pre-construction.
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