The Okan Tower, a striking tulip-shaped skyscraper in downtown Miami, has achieved a significant construction milestone, reaching its 50th floor. This places the 72-story development at 75% structural completion, with progress advancing at a steady pace of one floor per week. The project, designed by Behar Font & Partners, is on track for its top-off in August and is attracting a diverse international buyer base.
Key Takeaways
- Okan Tower has completed 50 of its 72 floors, reaching 75% structural completion.
- The supertall, tulip-inspired structure is being built at a rate of one floor per week.
- The project is expected to top off in August and will stand at 902 feet, becoming the second-tallest tower in downtown Miami.
- Buyer interest remains strong, with purchasers from Argentina, Mexico, the United States, Colombia, Turkey, Spain, and Denmark.
Construction Progress And Design
The 72-story Okan Tower is rapidly ascending, with 50 floors now in place. The development is progressing at an impressive rate of one floor per week. The tower’s unique design, inspired by the form of a Turkish tulip, features a layered exterior created by stepped floor plates. The curtain wall has already been installed on dozens of floors, contributing to the building’s distinctive aesthetic.
The anticipated top-off for the Hilton Hotel-anchored residential high-rise is scheduled for August. Upon completion, Okan Tower will reach a height of 902 feet, making it the second-tallest structure in downtown Miami, according to its developers, Okan Group.
Project Components And Amenities
Located at 555 North Miami Ave., Okan Tower is a mixed-use development incorporating hospitality, residential, wellness, and office spaces. The project will feature a 316-key Hilton Miami Bayfront Hotel, complemented by 236 condo-hotel units managed by Hilton Hotels & Resorts. Additionally, the tower will offer 163 Sky Residences and approximately 64,000 square feet of Class A office space.
Developer And Buyer Sentiment
Bekir Okan, Chairman of Okan Group, expressed his satisfaction with the project’s progress, stating, "Reaching this stage of construction is a significant achievement for the project. 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."
The steady construction pace is mirrored by consistent buyer interest since the project’s launch. Sales Director Michael Sadov noted, "The project’s steady construction progress reflects the consistency of buyer interest we’ve seen since launch. 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."
Residential buyers are hailing from a diverse international pool, including Argentina, Mexico, the United States, Colombia, Turkey, Spain, and Denmark. Fortune Development Sales is spearheading the sales and marketing efforts for the development.