Okan Tower’s Phased Foundation & Vertical Permits Reactivated This Week, Penthouse Units Released

Okan Tower’s phased foundation permit has been reactivated, along with a phased vertical construction permit for the 70-story tower.

The developer also launched sales for ultra-luxury penthouse loft units, with pricing starting at $2,000 per square foot.

The phased foundation permit was first applied for in January 2020, but went into inactive status during the pandemic after Okan put the project on ice during the pandemic.

The phased vertical permit was first submitted in March 2020.

Okan relaunched sales for condo units at the project in October 2021, with Miami’s real estate market as strong as ever.

In December, a master construction permit for the project was reactivated, along with a tree permit.

Both of the phased permits were reactivated on April 25, with Suffolk Construction still listed as the contractor.

Okan said this week that it was launching the Loft Penthouse Collection as the tower “nears groundbreaking,” including some units that will have 22-foot floor to ceiling glass windows (there will also be single-story units with 10-foot glass windows in the collection).

“This limited assemblage of our premier units was designed to appeal to those seeking the ultimate in elevated living in an urban walkable setting,” said Bekir Okan, Chairman of Okan Group.

Sales have been strong this year, according to in-house broker Fortune International Group.

“Throughout the first quarter of 2022, we’ve experienced remarkable sales momentum and we’re confident these new unit offerings will move very quickly,” said Edgardo Defortuna, President and CEO of Fortune International.

Groundbreaking is planned for June, the developer said earlier this month.

 

Renderings of the new Sky Lofts:

 

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Melo is sigma and Chad
5 months ago

Finally this part of downtown becomes dense.

Time Traveler
5 months ago

IT WILL NOT GET BUILT – BELIEVE ME I KNOW 😉

Dale
5 months ago

Just like Aston Martin!

Wisdom
5 months ago

Never trust a person who says “believe me I know”

Anonymous
5 months ago

^^ If only the GOP could’ve followed this advice circa 2016.

Homeless lives matters too
5 months ago

Drove by here the other day and it was overflowing with homeless gents. Not very luxury of Okan

Anonymous
5 months ago

They’ll clear out once the development starts. That’s what has happened with other buildings around Downtown. Right in front of Downtown Fifth used to be FULL of homeless— like hundreds at a time— and now it’s mostly devoid of them.

Anonymous
5 months ago

For this entire large area to be complete, from Biscayne Boulevard to the train/subway line and N 5th and 8tn streets, it seems that it only remains to define what will come in the lands on both sides of the Freedon Tower and the large land where it would or will be. MWC’s Merriot. Really a new downtown Miami.

Anonymous
5 months ago

You forgot about the historic core i.e., Flagler Street and vicinity rotting day by day because of Moshe Manlet.

Antennae
5 months ago

What a gorgeous tower. My champagne bottles are ready to pop once they break ground. The sales office was abuzz with activity the other day.

Anonymous
5 months ago

so you were busy?

Anonymous
5 months ago

Is the Dining Table Under the Stair part of the “ultimate in elevated living”?

Anonymous
5 months ago

Billionaire Road without the cold weather.

Anonymous
5 months ago

Yeah.. that means you can’t afford to live there.

lol…

Azymous
5 months ago

I’m sure you’re in the same boat

Anonymous
5 months ago

I’m also not the one criticizing the area.

Not Anonymous
5 months ago

why is that criticizing?

Anonymous
5 months ago

not sure id call it billionaire road. this building looks directly into a melo rental tower lol

chattanooga choo choo
5 months ago

in the shadow of the penitentiary……..

EJS
5 months ago

Why stop at 70 stories. Too bad they didn’t design taller. Great bldg.

Not Anonymous
5 months ago

that is taller than any existing tower in Miami and also probably the height limit for the tower because is is further inland

Anonymous
5 months ago

Isn’t Panorama taller?

Fax
5 months ago

Nope^ Okan will be 902ft. whereas Panorama is 868ft.

Anonymous
5 months ago

“Not gunna happin. Plz buy our crappy condos slapped with a French crystal maker’s brand name most people associate with a card game.”
-The Related Group

cleavage or bust
5 months ago

investors and money parkers..

Okan lover
4 months ago

oh… yess… okan~kun… open my boi pussy and fill me with ur 70 stories~~~

Anonymous
5 months ago

Whats the price point?

Anonymous
5 months ago

Get it poppin ya’ll!!

Nextahap
5 months ago

Probably even lower … storm is coming

Dale
5 months ago

I thought that when Covid hit. But a storm never came.