Read Today’s Top Story: Miami-Dade home sales increase again

Okan Tower hits 50 stories as buyer interest percolates

by John Yellig

50 of the tower's 72 floors are now in place, with one floor being completed per week. Via Okan Tower.

The 72-story Okan Tower has reached 75% structural completion, with 50 of its floors now in place.   

The soon-to-be supertall, tulip-shaped structure is growing at one floor a week. The top-off of the Hilton Hotel-anchored residential high-rise is expected to take place in August. 

Designed by Behar Font & Partners, the tower’s “curtain wall has already advanced dozens of floors up the structure, while a series of stepped floor plates are creating the layered exterior inspired by the form of a Turkish tulip,” according to an announcement. 

With an ultimate height of 902 feet, Okan Tower will be the second-largest tower in downtown Miami, according to its developers, Okan Group. Located at 555 North Miami Ave., the building will have hospitality, residential, wellness and office components.  

The project will be anchored by a 316-key Hilton Miami Bayfront Hotel, with 236 condo-hotel units managed by Hilton Hotels & Resorts. The tower will also have 163 Sky Residences and approximately 64,000 square feet of class A office space.   

“Reaching this stage of construction is a significant achievement for the project,” Okan Group Chairman Bekir Okan said. “Okan Tower represents years of planning, design and coordination. Seeing the building take its place on the Miami skyline is both rewarding and a clear reflection of the team’s disciplined execution.”  

So far, residential buyers are hailing from Argentina, Mexico, the United States, Colombia, Turkey, Spain and Denmark. Fortune Development Sales is leading sales and marketing efforts. 

“The project’s steady construction progress reflects the consistency of buyer interest we’ve seen since launch,” Sales Director Michael Sadov said. “Purchasers increasingly view downtown Miami condos as an asset class of their own with all the lifestyle benefits that come with living in the epicenter of the most exciting city on the planet.”   

Designed by Behar Font & Partners, the tower’s “curtain wall has already advanced dozens of floors up the structure, while a series of stepped floor plates are creating the layered exterior inspired by the form of a Turkish tulip.” Via Okan Tower.

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