555 N. Miami Ave. Miami, FL 33136
Okan Group, led by Turkish Billionaire Bekir Okan, has announced plans for its self-funded, $300 Million, 70-story condo and hotel tower that will be situated in the epicenter of Downtown Miami.
Dubbed Okan Tower, the new construction, all-glass tower, inspired by the Turkish national tulip flower, will be comprised of 294 Hilton-branded hotel units, 236 condo-hotel turnkey units and 153 condos, which will consist of 149 condo residences and 4 duplex penthouses. The tower will also include a restaurant on the 67th floor and 64,000 square feet of Class A office space.
Okan Group has just launched sales for this tower offering competitive pricing so that the units will be appealing to foreign investors looking for a good value proposition in Miami. These competitively-priced units will start at $318,500 (condo-hotel units) with an average price-per-square-foot at $695. Groundbreaking is scheduled for the fall of 2018.
The condo-hotel units at Okan Tower will be situated on the 36th – 50th floors offering studios, 1-bedroom, 1-bedroom + den and 2-bedroom units ranging in size from 447 square feet to 1,245 square feet. These units will be managed by Hilton Bayfront and offered turnkey with prices start at $318,500.
There will be a total of 153 condo residences at Okan Tower situated on the 51st – 70th floors. There will be 149 standard residences offering 1-bedroom, 1-bedroom + den, 2-bedroom, 2-bedroom + den, 3-bedroom and 3-bedroom + den units ranging in size from 698 square feet to 2,071 square feet. Okan Tower will also offer 4 duplex penthouse residences ranging in size from 1,872 square feet to 2,142 square feet with prices starting at $1.9 Million.
Okan Tower will offer exceptional amenities including a 70th-floor ‘sky pool,’ 2 swimming pools, pool bar with cabanas, a Turkish Hammam spa, state-of-the-art health and fitness center, children’s play room, movie theater, wine cellar, cigar room and an outdoor lounge area. The hotel component will also offer 24-hour concierge services, security, desk reception and valet parking, on-site laundry and dry-cleaning services, in-home private dining, in-home spa treatments, dedicated maintenance staff and access to personal training.
Okan Tower will be ideally located at 555 North Miami Avenue in the heart of Downtown Miami, surrounded by over $4 Billion of new public and private projects including museums, parks, mass transit, sports venues and entertainment. Okan Tower will also be located just a few blocks from Miami Worldcenter, the country’s 2nd largest urban development which spans nearly 30 acres, offering an upscale outdoor shopping district, luxury residential condos, a Marriott Marquis World Convention Center Hotel and a posh promenade featuring a variety of shopping, dining and entertainment.