‘Incredible’ Okan Tower Notched $39M Sales In 30 Days Last Month

Sales momentum appears to be building at downtown Miami’s Okan Tower.

In March, the developers saw $39 million in sales in just 30 days, according to an announcement yesterday.

The sales figures were released by in-house broker Fortune International Group, which called the monthly sales figure “incredible.”

Okan Tower is planned to rise 70 stories, or 902 feet, with a tulip-inspired design.

Groundbreaking is planned for June, the developers previously said.

The project is already in contract, with buyers required to place a deposit.

 

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$30kMillionMIA
1 month ago

this beauty is the reason why i continue to buy powerball tickets 🙂

Anonymous
1 month ago

A truly iconic tower. I’d also buy a unit there if I hit the Mega$

Anonymous
1 month ago

I think this project is one of the best in Miami right now and I really hope it gets off the ground. Okan, Aston Martin, One Thousand Museum, the best in the new city skyline. And then there are the supertalls.

Anonymous
1 month ago

Is the tulip flower looks like this tower?

Anonymous
1 month ago

Okan, Aston Martin, One Thousand Museum, the best in the new city skyline… and don’t forget E11even.

Anonymous
1 month ago

E11EVEN are big buildings, but not great architecture. I would say Paramount instead.

rmc62788
1 month ago

WA as well.

Anonymous
1 month ago

I will believe it when I I see it.

Anonymous
1 month ago

Genuinely curious how they are able to sell condos on the south side of this building, just a few feet from Downtown 5th.

Melo is sigma and chad
1 month ago

They’re going to be rentals.

Rmiamimiami
1 month ago

Not a rental community. Residences and short term permitted

frank
1 month ago

Will be minimum 30 day rentals ,, Okan is right beside the Crosby which has no rental restrictions

Anonymous
1 month ago

To avoid squatters though (which Miami is FULL of right now) they might treat it more like a hotel where only up to 14-day stays can be booked at a time. This is also a great strategy because it allows them to increase the rent rate every 14 day days to meet demand while still being able to instantly evict anyone that can’t afford it

Anonymous
1 month ago

Didn’t they say something similar over a year ago?

Antennae
1 month ago

I’m throwing a party once the first shovel gets moving.
This Gorgeous tower will shift the center of gravity back to the CBD again.

Anonymous
1 month ago

If I’m mistaken, this tower is technically in Park West and not the CBD.

Melo is sigma and chad
1 month ago

Look at IG location tags. Downtown and Brickell are included under Downtown Miami Brickell now. Park west will be called downtown.

Anonymous
1 month ago

Almost in Miami World Center. Right next to it.

frank
1 month ago

It is in Park West but part of Miami World Centre

Anonymous
1 month ago

Redevelopment in Park West will put greater pressure on the CBD to redevelop sandwiched in between it and Brickell.

Alpha Melo
1 month ago

CBD oil?

eymay
1 month ago

central business district, basically the mana and mdc slums

Melo is sigma and chad
1 month ago

So where are the construction permits and utility deal, I want this tower to succeed it will be a beacon in the skyline.

Miami’s Future
1 month ago

I call total Bull on this, they’re pulling the same bluff that One River Point pulled and look at it today still “awaiting ground breaking”, these two projects are going no where fast errr.. slow

Anonymous
1 month ago

O’ye of little faith!

Anonymous
1 month ago

One River Point’s sales were during a mediocre market and as the market got hotter, they disappeared. Apples to oranges, or tulips to weeds.

Conno Sir
1 month ago

I’ll take the weed

The Colonel
1 month ago

Meanwhile their competitors MADE the market, Melo built and sold units all over downtown during that exact same time frame

frank
1 month ago

Funny how each new condo shows no viewing obstructions. In a few years, unless you’re above 30th floor, you won’t be a able to see anything aside from the building next to you. Too many buildings planned in the World Centre.

Anonymous
1 month ago

When are they starting building it though!?

PirataDeCulo
1 month ago

Why comment on an article you did not read?

PirataDeCulo
1 month ago

It says it in the article.

Anonymous
1 month ago

It ain’t dead yet!

The Colonel
1 month ago

Correct, it was dead on arrival

brickellguy
1 month ago

2024/25 deals in Miami will make 08 discounts look silly, build build build!!!

Anonymous
1 month ago

But does it have parking 🤣

Anonymous
1 month ago

The restrictions on use by the owner on the short term rentals was the deal breaker for me. I loved the building but the Hilton spoiled the deal.

frank
1 month ago

30 day rental to maximum of 12 x per year. The Crosby, which is across street from Okan has no restrictions and sold out in under 3 months

Miguel
1 month ago

Gorgeous building. Great location. This whole area is blowing up!

MiamiHeat
1 month ago

This area near the train station has so much money pouring into it. Truly amazing how this area is transforming into one of the hottest real esate markets in the world. Miami is growing up before our very eyes!

Anonymous
1 month ago

Spectacular! I would love to buy a unit here.

Anonymous
1 month ago

Where is the sales center?

Anonymous
1 month ago

you work there, you tell us

BallinInMiami
1 month ago

Would not mind living here. The good life!

Anonymous
1 month ago

you already work there, so what the heck

Miami Investor
1 month ago

Beautiful building!!! Will be the centerpiece of Miami once built.
Incredible how this city burgeoning into a thiving metropolis!
Everyone is moving to Miami! Amazing growth along with the influx of new jobs.

Miami Investor
1 month ago

Sensational sales at Okan Tower! Miami is on fire!!!

Anonymous
1 month ago

Wow! Unbelievable sales figures! Miami real estate is super hot! So much going on here. Helps that it is centrally located between the Brightline station and FTX arena.

REMiami
1 month ago

Ok Okan! Sexy building!

Dolphfins
1 month ago

Who do I contact if I want to buy a unit here?

Anonymous
1 month ago

call yourself

Joe
1 month ago

Walmart customer service desk