Okan Tower Miami: The Tulip-Shaped Supertall Buyer's Guide (Pre-Construction 2026)

The skyline of Downtown Miami is getting a shape it has never had before — a curving, petal-like glass silhouette that tapers as it climbs and blooms open at the crown.

Okan Tower Miami is rising at 555 N Miami Avenue as a roughly 902-foot, ~70-story mixed-use supertall — a tulip-shaped tower that folds a Hilton hotel, a floor band of Hilton-managed condo-hotel residences, Class A office space, and standalone Sky Residences into a single vertical address. It is the first U.S. development from Turkish billionaire Bekir Okan and his Okan Group, and its form is a deliberate tribute to the tulip — Turkey's national flower.

This is not a single-product building. Okan Tower stacks three different ways to own on top of one another — a Hilton-run condo-hotel program in the middle of the tower, and private Sky Residences (plus a handful of duplex penthouses) above. Understanding which tier you are buying into is the single most important decision here, because they carry completely different price points, use cases, and rental economics.

View the Okan Tower building page

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Project Snapshot

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The Tulip: An Architecture You Can Pick Out of the Skyline

Most Downtown Miami towers are variations on the same idea — a rectangular glass slab, taller or thinner than the one next door. Okan Tower is not trying to blend in.

Behar Font & Partners designed the building around the silhouette of a tulip in bloom — a nod to the developer's Turkish roots, where the tulip is the national flower and a centuries-old symbol. The tower narrows through its mid-section and then flares gently outward toward the crown, its stepped floor plates and rippling glass façade reading as petals opening to the sky. As the curtain wall has climbed during construction, that massing has become unmistakable from the ground.

The practical payoff of the shape is real, not just symbolic. The stepped, curving form creates varied floor plates and setbacks as you rise, which means terraces, corner exposures, and view corridors that a straight slab simply cannot offer. The crown is reserved for the building's signature amenity — a sky pool near the very top — putting the tower's best water and city panoramas at the most photographed elevation in the building.

The ground plane is engineered for Miami's future, too: the lobby is elevated to guard against sea-level rise and storm surge, a design decision that has become standard-issue thinking for serious Downtown and bayfront-adjacent towers.

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The Mixed-Use Program: Three Ways to Own (Read This First)

The most common source of confusion about Okan Tower — and the reason online "prices" look wildly inconsistent — is that the tower contains several different products stacked in bands. Here is how the vertical stack works, from the base up:

• Hilton hotel (roughly floors 11–30): a full-service Hilton hotel of approximately 294–316 keys (published counts vary). This is transient hotel inventory, not for sale to condo buyers, but it is what powers the building's hotel-grade service layer.
• Class A office (roughly floors 31–35): about 64,000 square feet of office space — an unusual amenity that makes the tower a genuine live-work-stay address.
• Hilton-managed condo-hotel residences (roughly floors 36–50): approximately 236 units you can own and place into Hilton's rental program when you are not using them. These are the smaller, more attainable homes — studios through two-bedrooms — and they behave like a hospitality investment as much as a residence.
• Sky Residences (roughly floor 51 and up): approximately 163 private condominium residences, plus 4 duplex penthouses at the crown. These are true residential condos, not tied to the hotel rental program, with the largest layouts and the highest views.

Why the tier matters

Condo-hotel units are the entry point. You own the unit, Hilton runs the rental program, and you get hotel housekeeping and services — but you also live within a hospitality operation, with usage rules and revenue-split economics to understand before you buy.

Sky Residences are for buyers who want a private home in the sky, above the hotel operation, with more space and more control over how (and whether) they rent.

If you have seen "Okan Tower from the $300Ks" and "Okan Tower penthouses near $2M" and assumed one was a typo, neither is — you are simply looking at two different products under one roof.

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Location: The Connected Heart of Downtown Miami

555 N Miami Avenue sits in the north end of Downtown Miami's urban core, steps from the neighborhood's transit spine and a short hop from the bayfront.

The address trades bay frontage for connectivity. You are walking distance to Brightline high-speed rail, the Metromover, Worldcenter's retail and dining build-out, and the arena — the parts of Downtown that have driven the neighborhood's transformation over the past decade. For a hotel-anchored, live-work-stay tower, that walkable, transit-rich position is exactly the point.

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The Residences

Ceiling heights run to roughly 10 feet throughout, and residences are delivered finished with contemporary, hospitality-grade specifications. The floor-plan mix spans two very different bands of the tower:

Condo-Hotel Units (roughly floors 36–50)

• Studios, one-bedrooms, one-bedroom + den, and two-bedrooms
• Approx. ~447 to ~1,245 sq ft
• Delivered furnished/turnkey for the Hilton rental program

Sky Residences (roughly floor 51 and up)

• Studios: ~495–505 sq ft
• One-bedrooms (some with dens): ~845–1,230 sq ft
• Two-bedrooms: ~1,245–2,335 sq ft
• Three-bedrooms: ~2,210–2,690 sq ft
• Duplex penthouses (4 total): ~1,872–2,142 sq ft, two-level layouts at the crown

The higher you rise into the Sky Residence band, the better the exposures — the tower's stepped, tulip-shaped massing produces genuine view corridors over Biscayne Bay to the east and the Downtown/Brickell skyline to the south.

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Amenities

Okan Tower carries an amenity program measured in the tens of thousands of square feet, distributed across multiple floors and headlined by one of the highest pools in the city. Published and expected amenities include:

• A crown-level "sky pool" near the top of the tower — the building's signature feature
• A second pool deck with a pool bar and cabanas
• A Turkish hammam-style spa — a direct nod to the developer's heritage
• State-of-the-art fitness center
• Wine cellar and a cigar room
• Movie theater / screening room
• Children's playroom
• Indoor and outdoor lounge areas
• Hilton hotel services on tap — housekeeping, concierge, dining, and room service — for owners who want them

The dual nature of the building is the amenity story: you get hotel-grade service infrastructure from the on-site Hilton operation, layered with resident amenity spaces for when you want privacy.

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The Developer: Okan Group

Okan Tower is the first U.S. real estate project for the Okan Group, the diversified Turkish conglomerate led by billionaire Bekir Okan, with interests spanning construction, energy, tourism, textiles, and aviation across Turkey and beyond.

Two things are worth weighing honestly here. On one hand, Okan Group is a substantial, deep-pocketed international developer, and the building has attracted institutional construction financing to carry it toward completion. On the other, this is the group's debut in the American market, which is a different risk profile than buying from a Miami developer with a long local delivery track record. First-time-in-market developers can and do deliver excellent buildings — but the underwriting discipline of checking the financing, the general contractor, and the construction progress matters even more than usual.

Behar Font & Partners serves as the architect, and Hilton Hotels & Resorts is the hotel brand operator — an established, globally recognized flag that anchors both the hospitality operation and the condo-hotel rental program.

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Construction Status & Timeline (An Honest Read)

Okan Tower has a long history — and being candid about it is the only responsible way to write this section. The project was first announced in 2017 (originally under the name "The Sterling"), started sales in 2018, and did not break ground until July 2022. That five-year gap between sales launch and groundbreaking reflects the financing and pre-development delays that dogged the project through its early years.

Since groundbreaking, however, momentum has been real and visible:

By spring 2026, crews were reported to be adding roughly a floor per week, with the structure past the 50th floor and around 75% structurally complete, and a top-off targeted for late summer 2026. Delivery is estimated for 2027.

The takeaway for a buyer today: the early-years delays were real, but the building is now well into vertical construction with financing in place and a completion horizon in sight. Confirm the current, unit-specific closing timeline in writing before you contract — delivery estimates on any pre-construction project can move.

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Pricing Reality

Okan Tower's price spread is wide because you are choosing between two very different products:

• Condo-hotel units have been offered from roughly the high $300Ks (published entry pricing around the $387K range), with individual studios cited from around $690K depending on tier and finish.
• Sky Residences have been offered from roughly the low $500Ks (published entry around the $522K range), rising with size and elevation.
• Larger three-bedroom Sky Residences have been cited up to around $2.8M.
• Duplex penthouses (4 total) have been offered starting around $1.9M.

Published pre-construction pricing is a snapshot, not a quote. Availability, tier mix, and developer incentives shift with each release — and because Okan Tower has launched, paused, and re-released inventory over a multi-year sales history, the numbers circulating on aggregator sites are especially prone to being stale. Confirm live pricing and remaining inventory through the sales gallery and your buyer's agent.

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Who This Building Is For

1. The Hospitality-Style Investor

You want a Hilton-managed, hands-off asset in the middle of Downtown Miami. A condo-hotel unit lets you own real estate that Hilton rents on your behalf, with hotel housekeeping and services baked in. Understand the rental-program terms and revenue split before you buy — that is the whole ballgame on this tier.

2. The Downtown Live-Work-Stay Buyer

You want to live steps from Worldcenter, Brightline, and the arena, with hotel service on demand and offices in your own building. A Sky Residence gives you a private home above the hotel operation with big-view exposures.

3. The Design-Forward Trophy Buyer

You want an address people recognize on sight. The tulip silhouette is one of the most distinctive forms in the Miami skyline, and a crown-level penthouse or high Sky Residence puts you at the tower's most dramatic elevation.

If your priority is a large, pure-residential family home on the bay with no hotel operation in the building, a hotel-anchored condo-hotel tower like Okan is a different animal — worth weighing against purely residential pre-cons.

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Cost of Ownership

Beyond purchase price, budget for:

• HOA / operating fees: Hotel-branded, heavily serviced towers sit at the higher end of Downtown dues, and condo-hotel units carry their own program economics (management fees and revenue splits) on top. Model your specific unit's monthly assessment — and, for condo-hotel units, the net after the rental split — carefully before contracting.
• Property taxes: Miami-Dade ad valorem taxes generally run ~1.6–2.0% of assessed value annually.
• Insurance: Condo HO-6 plus wind coverage, varying by floor and unit size.
• Deposit schedule: Florida pre-construction typically stages deposits from contract through closing — understand exactly what is at risk and when, especially on a project with Okan's longer timeline history.

Build the full model — HOA, tax, insurance, and (for condo-hotel units) the rental-program economics — not just the headline price.

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Frequently Asked Questions

How tall is Okan Tower and how many floors?

Approximately 902 feet and ~70 stories — a genuine supertall by Miami standards. Some recent construction reports describe it as 72 stories as the crown is finalized; the widely published figure is 70.

What is the difference between the condo-hotel units and the Sky Residences?

The condo-hotel units (roughly floors 36–50, ~236 units) are owned by buyers but run through Hilton's rental program — a hospitality investment with hotel services. The Sky Residences (roughly floor 51 up, ~163 units plus 4 penthouses) are private condominiums not tied to the hotel program, with larger layouts and higher views.

Who is the developer, and is this their first U.S. project?

The developer is the Okan Group, led by Turkish billionaire Bekir Okan. Yes — Okan Tower is the group's first development in the United States.

Who designed the building, and why the tulip shape?

Behar Font & Partners designed the tower, with its curving, petal-like silhouette inspired by the tulip — the national flower of Turkey and a nod to the developer's heritage.

Is there really a hotel in the building?

Yes — a full-service Hilton hotel (~294–316 keys, cited counts vary) occupies the lower-mid floors, alongside the condo-hotel band above it. Owners can tap Hilton's hotel services.

When will Okan Tower be finished?

Current guidance points to 2027 delivery. As of 2026 the structure was past the 50th floor and around 75% structurally complete, with a top-off targeted for late summer 2026. Confirm the closing date tied to your specific unit.

Has the project been delayed?

Yes — honestly, it has a long history. Announced in 2017 and launched for sales in 2018, it did not break ground until July 2022. Since groundbreaking, vertical construction has moved steadily, and the building is now well into its structure with a 2027 completion target.

Can I rent my unit out?

The condo-hotel units are designed for exactly that, through Hilton's rental program. For Sky Residences, long-term leasing is generally permitted subject to the condo documents — review the declaration for minimum lease terms before buying for income.

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How to Buy at Okan Tower Miami

Pre-construction at this level — especially in a tower with multiple ownership tiers and a multi-year sales history — rewards diligence. Before contracting:

1. Decide your tier first — condo-hotel vs. Sky Residence. That choice drives price, use, rental economics, and resale profile more than the floor does.
2. See the actual current inventory and pricing by tier and exposure. Given Okan's long, on-again sales history, the public numbers are especially likely to be stale.
3. Confirm the construction and closing timeline in writing for your exact unit, and understand your deposit at risk under Florida pre-construction law.
4. Compare head-to-head with the other Downtown Miami hotel-branded and supertall pre-cons — Waldorf Astoria Residences Miami, E11even Hotel & Residences, and 501 First Residences. Each targets a different buyer and a different rental model.

Visit the Okan Tower building page for current inventory, floor plans, and to schedule a private appointment with our team.

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This guide is for educational purposes. Pricing, availability, unit counts, floor bands, and project specifications are drawn from the developer's and public sources' most recent materials, some figures conflict between sources, and all are subject to change without notice. Consult your real estate attorney and tax advisor before contracting on any pre-construction unit.