Posted Dec 3, 2019, 6:57 PM
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NYC/NJ/Miami-Dade
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Join Date: Jul 2013
Location: Riverview Estates Fairway (PA)
Posts: 45,856
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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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