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.
