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-   -   MIAMI | Okan Tower | 902 FT | 70 FLOORS (https://skyscraperpage.com/forum/showthread.php?t=230154)

chris Nov 30, 2018 5:00 AM

Quote:

Originally Posted by chris08876 (Post 8394843)
If the time tables are on target, this month (December) in theory should be a groundbreaking.

That's fantastic. This will be an incredible addition to the Miami skyline, especially wit it being significantly taller than the next tallest.

Djesus777 Nov 30, 2018 3:45 PM

Not gonna lie, this design grew on me so it's good that it'll go up. Sucks it got downscaled slightly to 890ft but hey, it's still another 800+ footer to go up. I know it'll be self-financed but are 12% of units still sold or has it gone up drastically since then? it does make sense if low since the market is highly over saturated.

chris08876 Feb 11, 2019 10:30 PM

Okan Tower Set To Move Ahead With Contract Conversions In Early Spring :cheers:

Quote:

Okan Tower is taking the next step in the development process.

In an announcement on Instagram, the developer said they would begin converting reservation into contracts in early spring.

Both residential condo and condo-hotel units (to become part of the Hilton Miami Bayfront) would be converted, the announcement said. Okan Tower will include 149 condominiums, 236 condo-hotel units, and a 316-key hotel.

Records show that a permit to remove 23 trees at the property has been resubmitted three times, with the first submission September 27 and the most recent resubmission February 2. Construction permitting was initiated September 1, but does not appear to be in active review by the city as of now.

In October, the developer announced Suffolk Construction as the general contractor for the $300 million project.

The tower is proposed to rise 70 stories or 890 feet, which is taller than any other building in Miami today.
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NXT

chris08876 Jun 5, 2019 2:32 AM

OKAN TOWER RELEASES FIRST INTERIOR RENDERINGS, CONSTRUCTION PLANNED THIS YEAR :cheers: :)

https://i.imgur.com/lMgaXxZ.jpg

Quote:

Okan Tower has released the first interior renderings of luxury condo residences that are planned as part of the 70-story project.

This is the first look at the interior. Until now, only exterior renderings have been released.

Representatives of the developer told The Next Miami that they are now moving ahead with conversion from reservations to contracts. Construction is planned to begin this year, they said. :D

The project is 20% sold, the developer said yesterday. :cheers:
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NXT

chris Aug 19, 2019 6:27 PM

it's been a while since we've heard anything. is the impending recession slowing things down?

Dale Aug 20, 2019 12:49 AM

Quote:

Originally Posted by chris (Post 8662714)
it's been a while since we've heard anything. is the impending recession slowing things down?

What impending recession ?

chris08876 Aug 20, 2019 12:55 AM

This project is over a quarter sold and continuing to sell units as of the end of Q3. It will rise unless La Palma's land slide occurs or if some Chicxulub event occurs in which good luck.

Miami is big on pre-sales. Aston Martin for example is a big success, and currently u/c, thanks to pre-sales. Likewise with past built towers such as the Porsche Tower over in Sunny Isles or Muse or Jade Signature.

chris08876 Sep 19, 2019 6:10 PM

CONSTRUCTION PERMIT FILED THIS WEEK TO BUILD 890-FOOT OKAN TOWER, WITH SUFFOLK AS CONTRACTOR :cheers:

Quote:

Turkish developer Okan Group is moving forward with construction of their 70-story Okan Tower in downtown Miami, which will become the tallest in the city.

Contractor Suffolk Construction applied this week for a construction permit to begin the work, city records show. The application was filed for on September 16, with a fee of $447,944 charged by the city’s Building Department.

The project had already been sent last year for review by the Planning & Zoning Department, but no review by the Building Department has yet taken place (a construction permit filed for last year by a consultant was just a dry run).

It will likely take months for a construction permit to be issued, but contractors could also opt for another permit that allows foundation work to begin sooner if they choose to do so.

The newly filed permit estimates a hard construction cost of $159,980,000.

The permit also states there will be 316 hotel rooms, 399 residential units, 65,828 square feet of office, and 2,915 square feet of retail.

Hotel rooms and condo-hotel units will be managed by Hilton, with the property to become known as the Hilton Miami Bayfront.

Earlier this summer, the developer converted reservations of condo units into contracts, and issued broker commissions.

When completed, the tulip-shaped Okan Tower will top off at 890 feet above ground, a height that is taller than any other building in Miami.
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NXT

https://i.imgur.com/demvdmE.jpg

JMKeynes Sep 19, 2019 6:30 PM

H
 
:cheers:

Dale Sep 20, 2019 12:56 AM

A worthy new tallest.

chris08876 Oct 7, 2019 7:58 PM

OKAN TOWER DEVELOPER REQUESTS EXPEDITED REVIEW FROM MIAMI’S BUILDING DEPARTMENT

Quote:

Miami’s Building Department has approved an expedited review for a portion of Okan Tower’s construction permit.

Okan Tower is set to become the tallest in Miami, at 70 stories and 890 feet above ground.

On September 16, contractors applied for a construction permit to begin work on the tulip-shaped tower, and review began.

A few weeks later, the developer requested an “expedited life and safety” review of the permit, due to their construction timeline.

The expedited review was requested on September 27, and approved October 5.

Elements of the permit continued being reviewed by building officials as of last week, records show.

In total, the permit lists an estimated hard construction cost of $159,980,000. The permit also states there will be 316 hotel rooms, 399 residential units, 65,828 square feet of office, and 2,915 square feet of retail.

Suffolk Construction is the contractor.

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NXT

chris08876 Oct 8, 2019 7:34 PM

The sales office.

https://live.staticflickr.com/65535/...5f44b9b7_b.jpg
Okan Tower Sales Office by Phillip Pessar, on Flickr

chris08876 Nov 20, 2019 3:38 PM

DOWNTOWN MIAMI’S 70-STORY OKAN TOWER WILL BREAK GROUND IN JANUARY, DEVELOPER ANNOUNCES :cheers:

Quote:

Okan Tower is just months away from beginning construction, and is set to become the tallest building Miami has ever seen.

Groundbreaking for the 70-story tower is set for January, developer Bekir Okan announced in a video released on Instagram yesterday.

Construction will take about four years to complete, he added
.

Permitting for the tower is now underway, Okan said. City records show that a construction permit was filed for in September and is being reviewed by Building Department officials.

Okan Tower will become the tallest in Miami upon completion, at 890 feet above ground.


A Hilton hotel with 316 rooms will be located on levels 14 to 30. Above that will be 399 multifamily units (condo and condo-hotel), from level 36 to level 70. Office space will be located on level 31 to 34, with ground floor retail.

Next door to Okan, foundation work for two 53-story towers is already underway. Developer Melo Group is building the Downtown 5th apartment buildings there.

In the video, developer Bekir Okan said that he loves the city. “I’ve traveled the world, but my favorite place is Miami,” he said.
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NXT

JMKeynes Nov 20, 2019 4:13 PM

This is going to be great!

chris08876 Dec 3, 2019 6:57 PM

OKAN TOWER DEVELOPER IS INCREASING HOTEL, RESIDENTIAL, & OFFICE SPACE, WHILE REDUCING RETAIL & RESTAURANT

Quote:

Okan Tower’s developer has filed with Miami Dade’s Water & Sewer Department to modify what will be included in the development plans.

The addendum was added late last month to a previous utilities agreement that lays out changes to the development program.

According to the newly signed agreement, Okan Tower will include:

305 square feet of retail (previously 2,982 square feet)
67,588 square feet of office (previously 34,191 square feet)
2,690 square feet of coffee shop (previously 8,645 square feet of full service restaurant)
316 hotel rooms (previously 300 hotel rooms)
399 residential units (previously 370 residential units)
0 square feet of meeting rooms (previously 15,652 square feet)
The new deal supersedes an agreement for utilities with the county executed in September of 2018.


The 70-story Okan is on track to become Miami’s tallest tower upon completion at 890 feet above ground.

A construction permit is pending. Developer Bekir Okan said groundbreaking is expected to take place in January 2020, with completion in four years.
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ernestoaragon Dec 4, 2019 12:44 PM

"305 square feet of retail" , why have retail at all? My walk-in closet is about the same size.

chris08876 Dec 9, 2019 8:13 PM

OKAN TOWER SUBMITTED TO FAA AT 902 FEET: DEVELOPER WANTS TO ‘MAKE A STATEMENT’ WITH MIAMI’S TALLEST :D

Quote:

Miami’s Okan Tower was submitted to the Federal Aviation Administration for review last Thursday at a height that would be taller than any other existing building in Miami.

Okan Tower is proposed to rise 902 feet above ground or 915 feet above sea level, according to the application.

Miami’s tallest building is Panorama Tower, at 863 feet above ground.


Okan representatives had previously told The Next Miami that the tower would top off at 890 feet above ground, but the design has been revised since then.

More details of Okan Tower have been revealed by Selim Alpmen in an interview with Bisnow.

Developer Bekir Okan is “is very, very aggressive,” and wants to make a statement and contribution to Miami, showing how the developer does business. :cheers:

There are more than 10 consultants now working on the plans, he said. Construction becomes much more complex when building above 50 stories, he added.

Okan will self-finance construction of the $300 million development, so pre-sales of condos are not vital. :cheers: There are also 260 Hilton hotel rooms and 236 condo-hotel units, of which some will be able to be rented through a hotel revenue sharing program, and only 163 of those units will be residential only. The developer is “not really worried” about condo sales due to the structure.

Construction is expected to begin within the first three months, with completion in four years. Construction permitting is in progress, with Suffolk as general contractor.
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NXT

bobdreamz Dec 10, 2019 12:00 AM

:previous: Good to hear that they want Okan to be Miami's tallest tower! Of course they could also shoot for another 147 feet higher to max out the FAA's limit of 1,049 feet tall downtown and claim both Miami's tallest & its first super tall too.

:uhh:

They should go for it.

Dale Dec 10, 2019 3:40 AM

Quote:

Originally Posted by chris08876 (Post 8771004)
OKAN TOWER SUBMITTED TO FAA AT 902 FEET: DEVELOPER WANTS TO ‘MAKE A STATEMENT’ WITH MIAMI’S TALLEST :D


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NXT

Uh-oh, they said January. Now they’re saying three months. Already giving themselves wiggle room ?

Zapatan Dec 10, 2019 4:14 AM

Quote:

Originally Posted by bobdreamz (Post 8771190)
:previous: Good to hear that they want Okan to be Miami's tallest tower! Of course they could also shoot for another 147 feet higher to max out the FAA's limit of 1,049 feet tall downtown and claim both Miami's tallest & its first super tall too.

:uhh:

They should go for it.

Right, aren't there other taller (including Skyrise) proposals in the works? Not that they'll get built since I don't think any are that serious but even still, just to be safe

Quote:

Uh-oh, they said January. Now they’re saying three months. Already giving themselves wiggle room ?
That's not a huge difference though, and technically January is within the first three months

chris08876 Dec 10, 2019 4:18 AM

FAA approval ussually take a couple of weeks if not months in some cases depending on the project. A project near the Canvas tower took something like 4+ months for approval, and the funny part is that its right next to a 500 or so ft tower, much shorter, literally side-by-side, and they have to study it lol.

I mean, if I stand next to a 8 ft Xenomorph thats walking though a door, and he gets through, good chance I can pass through that door as its not too short. :shrug:

But if it keeps folks employed, so be it. And than we wonder why our cities don't grow faster.

Or it could be to keep their quarterly numbers stabilized. Best to not start at the end of a quarter.

chris08876 Dec 10, 2019 4:29 AM

Video Link

chris Feb 11, 2020 11:42 PM

Project on hold?

https://www.thenextmiami.com/is-down...oving-forward/

chris08876 Feb 11, 2020 11:51 PM

I don't believe so. Sounds like mindless speculation without any substance from that Miami broker. All current signs point this towards moving forward.

chris08876 Feb 17, 2020 7:40 PM

OKAN TOWER CONTINUES TO MOVE FORWARD, DEVELOPER RELEASES NEW RENDERINGS

Quote:

Okan Tower remains on track to begin construction, the developers said yesterday.

In a statement released to The Next Miami, Okan Development said that progress was being made.

“Our project is alive and well. All necessary permits to date have been filed and the delivery timeline has not altered. The permit process is in progress,” said Kasim Badak, CEO of Okan Development.

Two never-before-published renderings of the amenities and common areas planned at Okan Tower were also released by the developer yesterday.

City records show that contractors were working on a tree permit with Miami’s Building Department this week, and were also working on a construction permit through the fall of 2019. Both permits list Suffolk Construction as the contractor.

The developer also secured utilities rights and FAA height approval in the past few months.

Okan would be Miami’s tallest tower at at 902 feet.
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NXT

JMKeynes May 8, 2020 2:42 PM

Does anyone in the Sunshine State know the status of this?


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