Okan Tower Pricing: $695 Per Square Foot, 50 Percent Deposit

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.