At Least 45 Condo Units Reserved At Okan Tower, Groundbreaking In Q4

How are sales going at the 70-story Okan Tower, one of the few condo launches in Miami this year?

Kasim Badak, CEO of Okan Development Group, told The Real Deal last week that 45 units have already been reserved by buyers in Turkey and the U.S. since the project launched in May.

The 890-foot tower will include a total of 389 condo and condo-hotel units. There will also be 294 hotel rooms managed by Hilton, which aren’t for sale.

Buyers are required to place a 10 percent deposit to make a reservation, and up to 50 percent will be required during construction.

Okan will break ground in the fourth quarter of 2018, with completion in 40 to 45 months, Badak said. The developer will self fund construction.

Update: The tower height is 890 feet, not 956.

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Anonymous

It’s happening a 956 foot tower.just imagine how the line up will look BCC 1,049,Okan 956,Panorama 868 Ashton Martin 817 e.t.c good height variations imo.

Anonymous

Don’t forget One Bayfront Plaza

Anonymous

and 300 Biscayne. 1049ft.

Anonymous

And Skyrise. If it ever gets built lol

Anonymous

VERTICUS!!!

marc

Wow. Could this really be happening? Fingers crossed

Anonymous

I think it is going to happen. Forty five reservations is one month is nothing to scarf at.

A. Nonymous

Or scoff

ILoveMiami

LOL!

Anonymous

My bad A. Nonymous, the word is scoff.

It is hard to remember because that is one very, very, seldom used statement anymore.

suomynona

I like the visualization of scarfing at something.

Anonymous

The Okan tower and Miami Central is a catapult for inner downtown Miami.

Dokter

I think you mean catalyst.

Anonymous

Nope, catapult.

Meaning, these projects will be CATAPULTING inner downtown to heights never before thought possible.

Anonymous

Melo will be breaking ground on their tower next to this one probably within a month lol

Anonymous

Whats the name of Melo’s tower?

Anonymous

Le Pile of Crap.

Swedish House Mafia

lmao

Anonymous

Ya know, that wouldn’t be a bad idea… that way, residents in both projects would be spared most of the noise while construction is going on.

ILoveMiami

Nice. Folks can look out of their windows and wave at each other.

Anonymous

Heck, they do in NYC, Chicago, and San Francisco to name a few.

Anonymous

people peeping across my hotel room with their binoculars and telesocpes every time in NYC. lol

Anonymous

this is GREAT!!! so happy about having a tower in the 900’s

Anonymous

still waiting to flip

Anonymous

I LOVE this project — but what stop a developer from saying that there are 45 reservations when there are only 2. I’m only being dramatic for the sake of the point — do these numbers have credibility in most cases – at least close?

Anonymous

What stop your girlfriend or boyfriend from lying about you being the only person he/she has slept with since you’ve been together. Heck you don’t know… you just take their word for it.

Anonymous

890ft now wtf… why not at the very least 900ft….smh

Anonymous

When looking north from say vizcayne, will the OKAN tower be behind the Melo tower?

Anonymous

Yeah right, breaking ground Q4 , self funding, pure fantasy, this turkey will be dead by thanksgiving

Anonymous

Are you the one that said the same thing about 1000 Museum?

suomynona

Obvi it will be dead. Ain’t nobody wanna eat no live jive turkey.

Anonymous

Love to see the list of buyers. Haha Turkey? Sure just what Miami needs ,more international investors who offer nothing to local economy,but do pay taxes to city.Main street Miami is dying while international money schemes take over. Typical South Florida,Miami. History always repeates itself,sadly.#Miamicity #hippocrits