$300M Okan Tower Is Now Back In Business After Being Suspended During Pandemic

Okan Tower is resuming plans to begin construction, according to Miami Today.

Kasim Badak the CEO of Turkish developer Okan, said that they were now “back in business” after halting operations during the pandemic.

The 70-story tower is planned to have a height that is taller than any building that exists today in Miami – although others are planned to rise even taller.

Okan will also have a unique shape inspired by a tulip, Turkey’s national flower.

According to a filing with the FAA in late 2019, Okan Tower is planned to rise 902 feet above ground, or 915 feet above sea level. Records show that the application has been in interim status since February 2020.

The developer also applied for a construction permit in September 2019, and a tree permit in December 2019.

Both of those permits are not yet approved. The last activity on the construction permit was in December 2019, and it is now listed as inactive.

According to a utilities deal for water and sewer last modified in late 2019, Okan Tower will include:

  • 316 hotel rooms (operated by Hilton)
  • 399 residential units
  • 67,588 square feet of office
  • 305 square feet of retail
  • 2,690 square feet of coffee shop

The developer has previously said they would self finance the $300 million project.

Behar Font is the architect.

Suffolk Construction is the contractor, according to the 2019 permit filing.

 

 








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Anonymous
7 days ago

They will be erecting this building soon. The project was initially shafted during the pandemic, but is now emerging balls deep in funding, led by executive Dick Johnson. While Dick skews to the left, his physician has assured that this is normal. This girthy project now looks to get a head of the competition and avoid any future dysfunction or premature releases.

NYC Loves Miami
6 days ago

One of the most creative post I’ve seen on here.

Anonymous
6 days ago

That actually turned me on. 😅

Anonymous
7 days ago

“ The Okan Tower is still on track to be finished in mid 2022”…

We are at the end of 2021, does it mean they want to build it in like 6 months?!? Sounds improbable.

Anonymous
7 days ago

Miami real estate boomed during the pandemic. What do they mean ‘back in business?’

William
7 days ago

Turkish lira has imploded against the dollar.

Anonymous
7 days ago

And? Is this building only going to have Turkish people living inside it or are they going to sell condos to others?

Melo said 50% of people interested are from the USA. Seems like they could’ve been selling during the pandemic. Melo sure built during the pandemic.

ForExplainer
6 days ago

The issue is the the buying power of Turkish people for the condo buying, it’s the spending power of the developer, whose capital comes out of Turkey. If the Lira is down, so is there spending power. It’s like having your building costs explode.

NYC Loves Miami
6 days ago

Makes sense. They’re self financing the project. Not sure how much opportunity lose is at play, if any. The market is still smoking hot.

Anonymous
7 days ago

agree….everything else being developed sold out quick….somethings not adding up…..

Anonymous
6 days ago

It’s a good thing that we have of you brainiacs out here to figure it out.

Anonymous
6 days ago

it’s a bad thing we got you dbags to make senseless snarky comments

Anonymous
6 days ago

^
Haha.. another clueless dumfk who hasn’t a dime invested in anything but fake confusion about something that doesn’t concern him.

Anonymous
7 days ago

Yeah not buying it.

Anonymous
7 days ago

Would love to see updated renderings with the current skyline we have today.

Anonymous
7 days ago

This is truly iconic and needed downtown! I hope it will be built❤️

Anonymous
7 days ago

This is a gorgeous project. Actually much more iconic and aesthetically pleasing than the Waldorf, no matter if it’s not as tall. This is such good news. I just hope that it all goes through as planned and that it breaks ground soon.

Anonymous
7 days ago

I love both❤️❤️❤️

Anonymous
7 days ago

actions speak louder than words. Get those shovels in the ground.

Anonymous
7 days ago

Okan is back! This is great news!

Anonymous
7 days ago

Rooting for this one but would be surprised to see it come to fruition

Anonymous
7 days ago

OMG I AM GOING TO HAVE AN ORGASM NOW!!!

Anonymous
7 days ago

Uhm

Anonymous
7 days ago

have fun ig

Anonymous
7 days ago

Are you a man, or a woman?

Anonymous
7 days ago

I am a person

Anonymous
7 days ago

Get her done already. Enough with this long wait

Anonymous
7 days ago

Such wonderful news! This also gives me hope concerning certain other projects that seem indefinitely on pause.

For example, although it might be purely wishful thinking on my part, it’d be exciting to hear that the original Mandala Holdings proposal, before value-engineering stripped away its true distinctiveness, comes fully back into play. It’s hard to imagine them having problems filling such distinctive architecture in literally the heart of the newly emerging Miami. One of my all-time favorite designs:

https://www.thenextmiami.com/43-story-hotel-rooftop-bar-proposed-across-resorts-world/

Anonymous
7 days ago

And SkyRise!!

Anonymous
7 days ago

oh wow. That proposal is stunning. Like a jewel.

Anonymous
6 days ago

The tower shape was nice, but the cladding looked cheap and nasty.

Anonymous
7 days ago

I’ll be glad when a developer finally do something with that empty hole where the now defunct hotel/convention center was supposed to go.

Anonymous
7 days ago

Bring back the SkyRise too please!!!!!🤩

Anonymous
7 days ago

That’s a dead deal

Anonymous
7 days ago

So it was Okan and look at this now. SkyRise is needed in Miami. We need an iconic tower to be the symbol of Miami.

Anonymous
7 days ago

Skyrise needs a serious redesign

Anonymous
7 days ago

I like it actually but it could be even better, I guess.

Anonymous
7 days ago

Skyrise is dead because the guy was never able to round up funding for it. Okay is different because they are actually selling something.

Anonymous
7 days ago

The developer is “dead” but the project remains, it just needs a new developer.

Skyline is Trash
6 days ago

Skyline is still trash

Anonymous
7 days ago

“Okan will also have a unique shape inspired by a t̶u̶l̶i̶p̶,” Dildo.

Anonymous
7 days ago

You sue some weird dildos my friend!

Anonymous
7 days ago

*use

Anonymous
6 days ago

I’ve seen worse. Google “bad dragon.”

Anonymous
7 days ago

hmmm, I’m not sure this will happen… already doomed…

Anonymous
7 days ago

I want to shove the Okan up my tight 🅰️ss I am 🍼ing so hard I want to rid3 the Okan so I can have the 0rga*m of my life

Anonymous
7 days ago

that’s the spirit

Anonymous
7 days ago

Yep, I refused to believe it but now I do.. Miami is flushed with gay men.

Anonymous
7 days ago

And that’s a great thing!!

Anonymous
7 days ago

are you Benjamin Dover?

Anonymous
7 days ago

Yep! We’re here and we’re queer! Get used to it.

Anonymous
7 days ago

It’s kinda of contradictory to say you have a tight a.$.$, but you can fit a whole building in there.

Anonymous
6 days ago

Lol… that’s a lot of KY lubricant.

NYC Loves Miami
6 days ago

lol

Anonymous
7 days ago

Jewel of Miami

Anonymous
7 days ago

Wonder if they will ever add Downtown 5th into the rendering….. …….. ………….

Anonymous
6 days ago

They’re not in the business of promoting another developer’s project.

Anonymous
6 days ago

Genuine Hype

BB1
6 days ago

Sort of wish there was a little more ground floor retail which keeps the pedestrian traffic coming. I just see project’s like this with little or no ground floor retail and all I can think of is Sunny Isles which has a lot of beautiful buildings, but is not very pedestrian friendly. Just my 2 cents.

Anonymous
7 days ago

Dare I dream?

Shawn Kouri
7 days ago

It’s back. Which means the tower will finally be built

Anonymous
6 days ago

comment image

Anonymous
6 days ago

67th floor for a restuarant sounds amazing. Talk about a view

Anonymous
6 days ago

You go Code-a-Piller!
Thanks for that.

Anonymous
7 days ago

You are not making the point you think you are…

Anonymous
7 days ago

Not holding my breath. Haven’t heard anything on the Construction Front.

Anonymous
6 days ago

The penis rises again

Adrian
7 days ago

Please!

Anonymous
7 days ago

Yes

Anonymous
7 days ago

Yaaaaaaaaaaaaaas!!!

Anonymous
6 days ago

Some fantastic news. The historic Central Baptist Church needs a respectable neighbor, especially counteracting the hideous eyesore known as Downtown 5th that make the Federal prison look pretty.