Hundreds of brokers, lawyers, bankers and industry experts waited in a line that snaked around the entrance of the Pérez Art Museum Miami a few weeks ago to celebrate the launch of Okan Tower, a new mixed-use tower planned for the art district and Miami entertainment.
The developer, Bekir Okan of Okan group based in Turkey, organized the evening on the top floor of PAMM with drinks and hor d’oeuvres, a violinist and a digital poster in the bay that showed representations of the tower of the Hilton brand. Okan ended the evening with speeches by the developer, One Sotheby’s International Realty president Daniel de la Vega and Miami mayor Frances Suarez, followed by a fireworks and Turkish music show.
The $ 300 million, 70-story hotel and condominium tower is planned for the site at 555 North Miami Avenue. The project will include a Hilton hotel with 294 rooms, 236 condo-hotel units, 153 condominiums, 64,000 square feet of Class A office space and a restaurant on the 67th floor. Construction is expected to begin later this year. Prices start at $ 318,500 and range from 447 square feet to 1,245 square feet. The four duplex penthouses will range from 1,872 square feet to 2,142 square feet and from $ 1.9 million to $ 2.4 million.
Few projects are launching sales at this stage of the cycle. Earlier this year, Russian billionaire Vlad Doronin launched Una, a 47-story, 135-unit luxury oceanfront condominium building planned for Brickell.
Source / TRD.com (online version)
Translation / Homerich
Date / August 2/2018