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Florida REIT Buys Zona Rosa for $63.3 Million, Sets Sights on Northland Revitalization

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    Florida REIT Buys Zona Rosa for $63.3 Million, Sets Sights on Northland Revitalization

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Okan Tower Ascends: Miami’s Tulip-Inspired Skyscraper Hits 75% Structural Completion

May 4, 2026
Okan Tower skyscraper in Miami, nearing completion.
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Downtown Miami’s skyline is rapidly evolving with the Okan Tower, a striking 902-foot supertall skyscraper, now reaching 75% structural completion. Construction has surpassed the 50th floor, progressing at an impressive pace of one floor per week, signaling its imminent topping off, anticipated for August.

Key Takeaways

  • Okan Tower, a 72-story mixed-use development, has achieved 75% structural completion.
  • Construction has passed the 50th floor, with a topping-off expected in August.
  • The tower features a unique tulip-inspired design by Behar Font & Partners.
  • It will house a Hilton hotel, luxury residences, and Class A office space.
  • Global buyer interest remains strong, reflecting Miami’s appeal as an investment hub.

Architectural Marvel and Mixed-Use Vision

The Okan Tower, designed by Behar Font & Partners, is a testament to innovative engineering and striking design. Its distinctive, tulip-inspired form is becoming a prominent feature of the Miami skyline. The installation of the tower’s curtain wall is already well underway, complementing the layered exterior created by stepped floor plates.

Upon completion, the 902-foot Okan Tower will stand as the second-tallest tower in Downtown Miami. Developed by Okan Group and situated at 555 North Miami Avenue, the project is a comprehensive mixed-use development integrating hospitality, residential, wellness, and office components.

A Hub of Luxury and Convenience

The development will feature the 316-key Hilton Miami Bayfront Hotel, alongside 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. Its prime location provides direct access to Miami Worldcenter and the vibrant cultural, dining, and entertainment options of Downtown Miami.

Global Appeal and Investment Magnet

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." The tower has attracted buyers from diverse international markets, including Argentina, Mexico, the United States, Colombia, Turkey, Spain, and Denmark, underscoring Miami’s enduring status as a global investment destination.

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Michael Sadov, Sales Director at Okan Tower, noted the consistent buyer interest, adding, "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."

Unparalleled Amenities

Okan Tower promises a fully integrated lifestyle experience, highlighted by its unique tulip silhouette. Amenities include a 72nd-floor rooftop pool and sky deck offering panoramic views, a 12th-floor lap pool, and extensive wellness facilities such as a Turkish hammam, sauna, steam rooms, and a state-of-the-art fitness center. Other features include a children’s playroom, technology theater, wine cellar, and an owner’s lounge, all supported by dedicated lifestyle services.

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