Okan Group has announced plans to build a 70-story, mixed-use project in downtown Miami at 555 North Miami Ave.
The $300 million development is slated to include a 294-room Hilton hotel, 64,000 square feet of office space, 236 condo-hotel units and 149 condominium residences as well as four penthouses. Condo-hotel units are often sold to individuals as vacation homes, then rented out the rest of the year.
Prices for condominium units at Okan Tower will start at $473,000 and will range from 698 square feet to 2,071 square feet. The penthouses will range from 1,872 square feet to 2,142 square feet with prices starting at $1.9 million
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
Amenities at the tower will include high-speed elevators, a sky pool with panoramic views from the 70th floor, a spa, fitness center and an outdoor lounge. Additional features will include a chef and gastro kitchen, resident movie theater and a private area for owners with a wine cellar and cigar room. The 67th floor will also include a restaurant.
