Miami's skyline is undergoing a significant transformation with the ongoing construction of the Okan Tower. This new luxury skyscraper, set to open in 2027, will stand at nearly 908 feet, making it the tallest building in Florida. The distinctive tulip-shaped design adds a unique architectural element to downtown Miami.
Key Takeaways
- Okan Tower will be Florida's tallest building at 908 feet.
- It features a unique tulip-inspired design.
- The $500 million project includes a Hilton hotel, condo-hotel units, and sky residences.
- Construction is halfway complete, with an expected opening in 2027.
- Miami's favorable building regulations and high land values drive skyscraper development.
A New Landmark for Miami's Skyline
The Okan Tower is rising at 555 N. Miami Ave, a key location in downtown Miami. This 70-story structure is a project by Turkish developer Okan Group. Its design is particularly striking, intended to mirror the silhouette of a tulip, which is Turkey's national flower.
Upon its completion in the second quarter of 2027, the tower will surpass the 868-foot Panorama Tower, which has held the title of Florida's tallest building since 2018. This development highlights Miami's continuous growth and its appeal for major architectural projects.
Okan Tower at a Glance
- Height: Nearly 908 feet
- Stories: 70
- Cost: $500 million
- Expected Completion: Q2 2027
- Developer: Okan Group
- Architect: Behar Font & Partners
Luxury Living and Extensive Amenities
The Okan Tower is not just about height; it offers a comprehensive luxury experience. The $500 million project incorporates a mix of residential and hospitality spaces. It will feature a 294-key hotel operated by Hilton Hotels & Resorts, providing premium accommodation options.
In addition to the hotel, the tower will house 236 condo-hotel units and 163 exclusive "sky residences" condos. These residential offerings cater to a diverse clientele seeking high-end living in the heart of Miami. Sales executive Ana Povarchik noted that 62% of the units have already been pre-sold, with a strong interest from South American buyers.
Residential Options and Pricing
The condo residences, located on floors 51 to 68, offer living spaces ranging from 695 to 2,075 square feet. Prices for these units start at $1.25 million. The condo-hotel residences, situated on floors 36 to 50, are available from $750,000, with sizes between 450 and 1,060 square feet.
Buyers from South America account for approximately 80% of current sales. There is also significant interest from individuals in New York, Toronto, and Turkey, reflecting the tower's international appeal.
"It's going to transform the skyline of Miami. It's going to be iconic and recognizable. There is a fascination with tall skyscrapers. Everyone wants to live on the top of the world. So the taller the better."
Unmatched Amenities and Views
The Okan Tower promises a range of world-class amenities designed to enhance the luxury lifestyle of its residents and guests. A standout feature is its rooftop pool on the 70th floor, which is marketed as the tallest in the country.
This pool deck will offer 360-degree views of both sunrise and sunset, a unique experience in Miami. Other amenities include a fitness center, a yoga studio, and a wellness spa equipped with a sauna, steam room, and private treatment rooms. Residents will also have access to a theater, a wine cellar, and an owner’s lounge overlooking the city.
Miami's Building Boom
Miami has become a hub for skyscraper development. Mayor Francis Suarez points to several factors driving this trend. High land values encourage developers to build taller to maximize units and returns. There is also an element of prestige and competition among developers to create iconic structures.
Crucially, Miami's building regulations are generally favorable to tall construction. "We're not controversial when it comes to building height," Suarez said. "It's easy to build tall buildings here without having to jump through a bunch of hoops."
Future of Miami's Vertical Growth
While the Okan Tower will soon claim the title of Florida's tallest, Miami's growth shows no signs of slowing. Several even taller buildings are already in the planning or early construction phases. These include the One Brickell City Centre office tower, projected to reach 1,000 feet.
Other notable projects are the 888 Brickell by Dolce & Gabbana condo-hotel tower and the Waldorf Astoria Residences Miami, both planned for 1,049 feet. This height represents the maximum permitted by the Federal Aviation Administration (FAA) to ensure safe air travel in and out of Miami.
Mayor Suarez emphasized the FAA's role: "That 1,049 is the limit. All the buildings in Miami are limited by the FAA height restrictions so planes can land safely." This regulatory ceiling ensures that while developers push the boundaries of urban architecture, safety remains a priority.
Construction Milestones
Construction on the Okan Tower broke ground in 2022. By October, the project had reached its halfway mark. Crews are currently working on the 36th floor, steadily progressing towards the 2027 completion target. The rapid pace of construction reflects the strong demand and investment in Miami's luxury real estate market.
The tower's distinctive design and impressive height are expected to make it a recognizable feature of the Miami skyline for years to come. Its blend of luxury, hospitality, and residential offerings positions it as a significant addition to the city's urban landscape.