Can you buy resale at Okan Tower Miami?

Not broadly yet. The project is under construction and today you reserve directly from the developer or access it by contract assignment depending on availability. The resale market will consolidate after delivery, expected toward 2027-2028.

What is the difference between a private residence and a condo-hotel unit at Okan Tower?

The private residence is a freely used condominium home. The condo-hotel unit joins the Hilton-operated short-stay rental program, generating managed income from delivery, with owner-use conditions. The entry price and the tax treatment of the rental income differ.

Where is Okan Tower located and when does it deliver?

At 555 N Miami Avenue, in Downtown Miami, Florida. It is a roughly 902-foot mixed-use tower with a Hilton hotel, condo-hotel units, private residences and Class A offices. Delivery is expected toward 2027-2028; dates are set by the developer and may change without notice.

Can a foreigner buy at Okan Tower?

Yes. No visa or citizenship is required. During construction you pay with your own deposits, and non-resident financing is assessed near delivery.

Okan Tower Miami Downtown

Okan Tower brings the Turkish conglomerate Okan Group's first U.S. venture to Downtown Miami: a 902-foot tower of some 70 stories at 555 N Miami Avenue, whose silhouette mirrors a tulip —Turkey's national flower—. It is preconstruction: there is no broad resale yet, you reserve directly from the developer, and the best lines are allocated in the first rounds, at the project's lowest price list.

Designed by Behar Font & Partners, the tower is a vertical mixed-use building uncommon in Miami: it combines a nearly 300-key Hilton hotel, a condo-hotel program of some 236 units with brand-managed short-stay operation and rentals, more than 160 private condominium residences with four crown penthouses, and Class A offices at the base. All under one roof, with the illuminated tulip crown already visible on the skyline.

For today's buyer what matters is the entry point and which product you buy: the private residence as a home or long-term asset, or the condo-hotel unit as an asset that generates Hilton-managed rental income from day one. This page orders that —how the pre-sale is allocated, how to choose between residence and condo-hotel, and the buying process— so you enter with judgment, not urgency.

What makes the project different

Okan Tower's value is not one attribute but the combination of an iconic architecture, a global hotel brand's operation, and a central location with first-class connectivity. Among what defines the offering:

Tulip form, 902 feet one of Florida's tallest towers, with a tulip silhouette —Turkey's symbol— by Behar Font & Partners that makes it unmistakable on the skyline and hard to replicate.
Hilton hotel and brand a nearly 300-key Hilton hotel operates the building; the condo-hotel unit joins a brand-managed short-stay rental program —income from delivery, without the owner running the operation.
Developer Okan Group a Turkish conglomerate in construction, energy and tourism; Okan Tower is its entry into the United States and its flagship project in Miami.
555 N Miami Ave, Downtown in Miami's urban core, steps from Brickell, Miami Worldcenter, the Kaseya Center and the Brightline/MiamiCentral station connecting to Fort Lauderdale, West Palm Beach and Orlando.

Pre-sale: the best lines are allocated first

In preconstruction there is no resale inventory yet: you buy directly from the developer, by allocation. The best lines —view, floor and floor plan— are reserved in the first rounds, before the public launch and at the project's lowest price list.

We work on the buyer's side: we get you the real available inventory, compare lines against your objective, and walk you through the reservation, the deposits and, later, the resale. Independent advisory, at no cost to you.

Prices, availability and delivery dates are set by the developer and may change without notice. This page is informational and is not an offer to sell.

How to choose a line in pre-sale

In pre-sale you pay for a floor plan, not a finished unit. Three variables decide whether the line you reserve appreciates:

The view

Orientation commands the premium: open-water lines sell out first and appreciate most between reservation and delivery. Reserve the best exposure your budget allows.

The floor

Price per square foot rises with height. In pre-sale, the gap between low and high floors usually widens toward delivery: the buyer who locks a high floor early captures that difference.

The line and the delivery

Each line has its own floor plan, terrace and deposit schedule. Choosing the right line —and understanding the payment timeline to delivery— is the difference between a reservation that appreciates and one that stalls. This is where a buyer-side advisor adds real value.

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The preconstruction thesis

Buying in preconstruction changes the risk profile. You take on construction and delivery risk, but you enter at the cycle's lowest price list and pay in stages to closing. Okan Tower adds a product decision: the private residence targets own-use or appreciation; the condo-hotel unit targets Hilton-managed rental income and a more accessible entry ticket. Defining which fits your objective is the first step.

The right question is not whether Okan Tower is singular —the tulip form, the Hilton operation and the height are— but which line to reserve, in which floor band and at what price per square foot against the rest of the launch. For the investor dollarizing into a central asset with a brand-operated rental component, securing the best exposure early is the play.

Okan Tower is one of several branded and mixed-use launches in central Miami; to see how the Downtown Miami market moves and compare against other projects, browse Miami's preconstruction projects on the hub.

Pre-sale buying process for the foreign buyer

You need no visa, residency or citizenship to reserve in Miami. What's worth understanding before you sign:

Staged deposits

Pre-sale is paid in stages to delivery —a typical schedule is 10% at reservation, 10% at contract, and further tranches at construction milestones, with the balance at closing—. The exact schedule is set by the developer and should be read line by line.

Structure: in your name or through an LLC

In your personal name there is exposure to U.S. estate tax —an exemption of only US$60,000 for non-residents— which is why many foreign buyers reserve through a Florida LLC; on the condo-hotel unit, the structure also helps organize the taxation of the rental income. Define it with your accountant before signing the reservation, and it helps to first understand buying in Miami as a foreigner.

Financing: at closing, not before

During construction you pay with your own deposits; financing is assessed near delivery. The non-resident qualifies for a foreign national loan —typically 30%–40% down—, and many buy all-cash and refinance later.

Frequently asked questions

Can you buy resale at Okan Tower? Not broadly yet: the project is under construction and today you reserve or buy by contract assignment depending on availability. The resale market will consolidate after delivery; meanwhile, we get you the available price list and lines.

What is the difference between a residence and a condo-hotel unit? The private residence is a freely used condominium home. The condo-hotel unit joins the Hilton-operated short-stay rental program: it generates managed income from delivery, with owner-use rules. The entry ticket and taxation differ; we help you compare.

Where is it and when does it deliver? At 555 N Miami Avenue, in Downtown Miami. Delivery is expected toward 2027-2028; exact dates are set by Okan Group and may shift with construction progress.

Can a foreigner buy? Yes — no visa or citizenship. During construction you pay with your own deposits; non-resident financing is assessed near delivery.

Okan Tower Miami