Construction Permit Filed This Week To Build 890-Foot Okan Tower, With Suffolk As Contractor

Turkish developer Okan Group is moving forward with construction of their 70-story Okan Tower in downtown Miami, which will become the tallest in the city.

Contractor Suffolk Construction applied this week for a construction permit to begin the work, city records show. The application was filed for on September 16, with a fee of $447,944 charged by the city’s Building Department.

The project had already been sent last year for review by the Planning & Zoning Department, but no review by the Building Department has yet taken place (a construction permit filed for last year by a consultant was just a dry run).

It will likely take months for a construction permit to be issued, but contractors could also opt for another permit that allows foundation work to begin sooner if they choose to do so.

The newly filed permit estimates a hard construction cost of $159,980,000.

The permit also states there will be 316 hotel rooms, 399 residential units, 65,828 square feet of office, and 2,915 square feet of retail.

Hotel rooms and condo-hotel units will be managed by Hilton, with the property to become known as the Hilton Miami Bayfront.

Earlier this summer, the developer converted reservations of condo units into contracts, and issued broker commissions.

When completed, the tulip-shaped Okan Tower will top off at 890 feet above ground, a height that is taller than any other building in Miami.

 

 

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Anonymous
2 years ago

Almost too good to be true … but I bet they build it… it’s beautiful addition to our skyline and stands out as unique in design

Anonymous
2 years ago

Finally a design that tapers at the top rather than a flat top. Hope work can begin quickly.

Anonymous
2 years ago

OMG!!!
exactly my thought, I am so tired of the flat tops, we have allowed a very boring skyline in our city.

Anonymous
2 years ago

so just like a dildo?

Anonymous
2 years ago

Love this girl ^ 😉

Anonymous
2 years ago

They better build it fast before those prime views get block by proposed adjacent towers.

Go Miami go!
2 years ago

Absolutely amazing and beautiful building. This will help put and keep Miami in a international spot light.
Go sunny Miami go.

Anonymous
2 years ago

What a beauty

Anonymous
2 years ago

Just add 10 more feet..why not?!

Anonymous
2 years ago

1000 feet even would have been sweet with this one.

Shawn Kouri
2 years ago

More office spaces! Awesome. Doesn’t look like it will be completed until 2023 or 2024. It’s taking a pretty long time.

Anonymous
2 years ago

500k to file a building permit…highway robbery, and some how there’s no money for real mass transit

Anonymous
2 years ago

Is your issue with the cost of the permit, or with the lack of mass transit? If anything it sounds like you should be for this cost and should be mad at how it’s not going towards better infrastructure and transport.

Anonymous
2 years ago

Have to generate money somehow and that’s a drop in the bucket for developers. The issue is how the money is managed afterwards.

Anonymous
2 years ago

I’m thrilled about this.
Love what it will do for downtown.

Anonymous
2 years ago

Its sad to see that the hardworking and talented Architects don’t get any credit!

Anonymous
2 years ago

The engineers are the magic makers here, and the GC estimators and construction supers/managers who will do the work. By the way, OKAN group is a terrible group of people. Very disrespectful people, awful to do business with, and they build for lowest price, not highest value… would never invest in a building built by OKAN group. Suffolk is better than OKAN group and I feel bad that they won the bid because they will hate working with OKAN…

Anonymous
2 years ago

A Hilton Hotel? Are you kidding me?? With so many upscale brands having no Miami presence, it is odd to select a mid-level chain hotel group to put in this beautiful structure. Puzzling decision…

Anonymous
2 years ago

Agreed. An ultra-high end property with a lower-tiered hotel chain seemingly devalues the project and is an odd choice overall

Anonymous
2 years ago

OKAN group is a joke. That’s why they are going with Hilton.

Anonymous
2 years ago

The application was filed for on September 16, with a fee of $447,944 charged by the city’s Building Department. *** HOW much for a building permit ??!!

Anonymous
2 years ago

Permits are usually a percentage of total construction costs. Look it up.

Anonymous
2 years ago

To dumb it down its roughly 1% of the first $30M then 0.5% of the remaining hard cost > $30M

Anonymous
2 years ago

My math works this permit out to 60 million in value.. so it’s only a partial permit.

Anonymous
2 years ago

At that rate, is there any wonder why the building department does not give a damn about design/architecture? They just want the money. Shameful! Beautiful design.

Anonymous
2 years ago

With Downtown 5th to the South and Melo Future Towers to the East. Don’t understand how the sales are there.

Anonymous
2 years ago

this is a beautiful building, I hope it gets built.

Anonymous
2 years ago

Awesome

Anonymous
2 years ago

OKAY, HURRY UP. BREAK GROUND OR KILL THE PROJECT.

Anonymous
2 years ago

can this thing get started already it seems like every week an update has been made on an approval…let us know when vertical has begun bring grace and awe to Miami

Anonymous
2 years ago

Sad it isn’t being built on Biscayne boulevard.

Anonymous
2 years ago

Not gonna happen, just like Aston Martin Residences. Better sell to Mana, because he will definitely build! /sarcasm

Anonymous
2 years ago

Miami has a bunch of flat top buildings because of the FAA. Certainly developers could build to the same height, but without flat tops and filled with spires, but the usable height of the buildings would be diminished. This building, though not my favorite, attempts the strike a balance between flat roofs and spires.

Anonymous
2 years ago

Looks like a giant dong

Anonymous
2 years ago

and Melo downtown 5th project would have been topped off by now.

John
2 years ago

Somewhat surprised with their picking the Hilton flag.

A plus that it will be relatively blue-collar brand

Anonymous
2 years ago

LOL Hilton is “blue collar brand” to you????

Guess you never had to stay at a Days Inn or Motel 6….all silver spoons for you!

Anonymous
2 years ago

Why is the city dragging its feet ?

Anonymous
2 years ago

the city? Oken keeps pushing the deadlines back.

Anonymous
2 years ago

Uh, the article said it could take months for the city to look at the permit.