Turkish Developer Okan Group has released more details of their plans to build a tower in downtown Miami, ahead of a sales launch this week.
The 70-story Okan Tower will include:
294 hotel rooms (managed by Hilton Hotels & Resorts)
236 condo-hotel units, starting on level 36
149 residential condo units plus 4 penthouses, starting on level 51
64,000 square feet of Class A office space
Rooftop restaurant on level 67
Pricing will start at $318,500. Condo-hotel units will be delivered turn-key with studios, and one and two bedrooms, from 447 to 1,245 square feet. Residential offerings will include condominiums ranging from one-to-three bedrooms, plus a den, with floorplans from 698 to more than 2,071 square feet. Two floors of duplex-style penthouses will feature layouts 1,873 to more than 2,142 square feet.
Amenities include a sky pool located on the 70th floor. There will be separate high-speed elevators to access the various components.
Groundbreaking is scheduled for the fall. Construction will be funded privately by Okan, allowing them to begin construction promptly. Chairman Bekir Okan is a billionaire, according to a press release.
The Miami sales center will open May 10 at 542 North Miami Avenue, next to the project site. A 3,000 square-foot sales center opened in Istanbul May 2, including a full model residence.