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.
?Miami has become a 24-hour city and has become internationally significant,? Doronin said in a phone interview. ?Miami?s airport is ranked second for international passengers in the United States. I also like the good weather and the happy lifestyle in Miami.?
Missoni Baia will seek to leverage both weather and lifestyle with views of both Biscayne Bay, which it fronts, and the city from its 146 multimillion-dollar residences. Doronin, 53, is well known in international real-estate circles. Early in his career, according to The Wall Street Journal, Doronin traded commodities under the direction of Marc Rich, the oil trader charged by the U.S. with violating sanctions with Iran and tax evasion before being pardoned by President Bill Clinton.
In 1993, the St. Petersburg-born Doronin turned to real estate and launched Capital Group in Moscow, developing more than 70 projects with a total of 75 million square feet of commercial, retail and luxury residential space and working over the years with French architect Jacques Grange, the firm Skidmore, Owings &...