Okan Tower is launching sales this week, and more details are now available.
The average price of both the residential and the Hilton-branded condo-hotel units will be $695 per square foot, a project representative told The Next Miami (condo-hotel units are being delivered turn-key, meaning furniture is included).
Okan is also sticking to the 50 percent deposit requirement seen in most Miami condo buildings over the last decade. The deposit schedule is:
10 percent at reservation
15 percent at contract
15 percent at groundbreaking
10 percent when construction reaches the buyers specific floor
50 percent at closing
The project is starting at the reservation phase this week, with a sales center opening May 10 and a launch party featuring Turkish cuisine on May 11.