Okan Tower Location & Neighborhood
555 N Miami Avenue, Miami, FL 33132
The Neighborhood
What's within reach.
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Brightline MiamiCentral Walking distance0.3 mi
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Miami Worldcenter Walking distance0.3 mi
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Kaseya Center Walking distance0.5 mi
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Watson Island Short drive1.0 mi
Life at Okan Tower
Downtown Miami's Sixth Street corridor has become one of the densest emerging high-rise areas in the city — connected to Brightline MiamiCentral Station with adjacent projects including 600 Miami Worldcenter, Downtown 6th by Melo Group, and Oak Row Equities' planned tower.
Florida's Tallest Building
Okan Tower will be Florida's tallest building when complete in 2027 — surpassing the 868-foot Panorama Tower at nearly 908 feet. Limited by FAA height restrictions for Miami International Airport flight paths.
Turkey's First US Investment
First U.S. development from Turkish conglomerate Okan Group — bringing nearly five decades of construction, tourism, education, health, and hospitality expertise to Miami.
Tulip-Inspired Design
Architecture by Robert Behar of Behar Font & Partners (Miami-based). The curved apex resembling unopened tulip petals honors Turkey's national flower — Robert Behar's grandmother was born in Istanbul.
Hilton Hotel Brand
316-key Hilton Miami Bayfront Hotel anchors the tower, with 236 additional condo-hotel residences (floors 36-50) managed by Hilton Hotels & Resorts.
Sky Residences Tier
163 Sky Residences (floors 51-70) feature owners-only amenities separate from the hotel program. Top floors house 4 duplex penthouses.
Okan Tower Investment & Market Outlook
Why Downtown Miami Pre-Construction Outperforms
South Florida pre-construction has historically delivered double-digit appreciation between contract and delivery, especially in branded residences. Downtown Miami specifically has seen sustained demand from international buyers seeking US dollar-denominated real estate, tax advantages from Florida's no-income-tax structure, and currency hedging against home-market inflation.
Branded residences like Okan Tower typically command 25–35% price premiums over comparable non-branded inventory in the same submarket, and resale price retention has consistently outpaced the broader Miami condo index over the past decade.
Friends & Family Pricing
As pre-construction specialists with direct developer relationships, we offer qualified buyers access to friends-and-family pricing — typically 4–8% below current public release pricing — along with extended deposit schedules, custom unit selection, and priority on the most desirable exposures and floors.
Deposit Structure
Standard Downtown Miami pre-construction deposit structures range from 20% at contract to 50% by delivery, with milestone payments at groundbreaking, top-off, and certificate of occupancy. Okan Tower follows the Downtown Miami market standard. Our team can walk you through the full deposit schedule and any current developer incentives reducing the at-contract deposit requirement.
How to Reserve a Residence at Okan Tower
Pre-construction purchases follow a different path than resale transactions. Here's what to expect, step by step.
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01
Initial Consultation
We start with a 30-minute call to understand your goals — primary residence, investment, legacy asset — and walk you through current availability, pricing tiers, and the floor plans best suited to your needs.
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02
Floor Plan Selection & Reservation
Once you've narrowed your selection, a refundable reservation deposit (typically $25,000–$100,000) holds your residence for 14–30 days while contracts are prepared. You'll receive the full developer reservation package and the most current pricing for your specific unit.
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03
Contract & First Deposit
The purchase contract is executed with the developer, and the first deposit (typically 10–20% of the purchase price) is wired to the developer's escrow account at a Florida-licensed institution. All funds are protected under Florida pre-construction escrow law until milestones are reached.
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04
Construction Milestones
Subsequent deposits are released as construction reaches defined milestones — typically groundbreaking, top-off, and certificate of occupancy. You'll receive quarterly construction updates, photo documentation, and the option to tour the unit once interiors are roughed in.
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05
Closing & Delivery
At closing, the final balance is funded (cash or financing via approved lenders), title transfers, and you receive keys. Closing typically occurs 30–60 days after the developer issues the certificate of occupancy. Move-in coordination, designer access, and Mercedes-Benz/Bentley/Armani concierge enrollment all happen at this stage.
Okan Tower FAQs
Answers to the most common questions about Okan Tower pricing, amenities, and policies. For anything else, our team is here to help.
How much do Okan Tower residences cost?
Okan Tower pricing starts at $318,500 for condo-hotel studios (floors 36-50, managed by Hilton). Sky Residences (floors 51-70, owners-only): 1-bedrooms from $550K-$800K, 2-bedrooms from $1.2M, 3-bedrooms from $1.9M. Duplex penthouses from $1.9M+. Pricing varies; contact our team for current availability.
What's the difference between Sky Residences and condo-hotel units?
Sky Residences (floors 51-70) are traditional condominium units with owners-only amenities — owners hold deeded ownership and use as primary, secondary, or long-term rental. Condo-hotel units (floors 36-50) are managed by Hilton Hotels & Resorts as short-term rental units — owners can stay or earn rental income through Hilton management.
Will Okan Tower really be Florida's tallest?
Yes — at nearly 908 feet, Okan Tower will surpass the 868-foot Panorama Tower (current Florida tallest) when complete in 2027. Several future taller towers are in pipeline including 888 Brickell by Dolce & Gabbana (1,049 ft) and Waldorf Astoria Residences (1,049 ft) — the FAA limit for Miami.
Who is developing Okan Tower?
Okan Tower is developed by Okan Group — Turkey's leading enterprise with nearly five decades of experience in construction, tourism, education, health, and hospitality. Led by Bekir Okan. This is Okan Group's first U.S. real estate investment.
Who designed Okan Tower?
Architecture by Robert Behar of Behar Font & Partners (Miami-based). The tulip-inspired design honors Turkey's national flower. Construction management by Jacob Companies of West Palm Beach.
When will Okan Tower be completed?
Okan Tower is targeted for 2027 delivery. Construction has reached level 48 as of March 2026 — about 70% of planned 70-story height. A $200M construction loan was secured in January 2026.
What is the hotel component?
The tower includes a 316-key Hilton Miami Bayfront Hotel anchoring the lower floors. Additional 236 condo-hotel residences (floors 36-50) are managed by Hilton Hotels & Resorts as short-term rental units.
How many residences will Okan Tower have?
Total: 163 Sky Residences (condominium) + 236 condo-hotel units + 316 Hilton hotel suites + 4 duplex penthouses + 64,000 sq ft Class A office. The tulip-shaped tower will yield over 900,000 sq ft of total space.
