Every now and then a project comes along that is not just another condo tower — it is an entire vertical economy. Okan Tower in Downtown Miami is that project. For a Miami business owner, it may be one of the most interesting buildings in the city, because it lets you do something almost no other address allows: own your office, own your home, and own an income-producing unit, all inside the same supertall on Biscayne Bay.

Let me explain why this building is different, and who it is really built for.

What Okan Tower Actually Is

Okan Tower rises 70 stories at 555 North Miami Avenue in Downtown Miami. It is the first U.S. development from the Okan Group, the international conglomerate founded in 1972 by Turkish billionaire developer Bekir Okan. The tower's sculpted silhouette is a signature, designed to be one of the most recognizable additions to the Miami skyline.

But the design is not the headline. The mix is. Under one roof, Okan Tower delivers:

- A 294-key hotel operated by Hilton

- 236 condo-hotel units (own a unit, place it in the hotel rental program, collect income)

- 64,000 square feet of Class A office space

- 163 private condo residences plus four penthouses

That combination is extraordinarily rare. Most towers do one or two of these things. Okan does all four — which is exactly why it speaks so directly to the business owner audience.

The Business Owner's Dream Stack

Here is the scenario I keep walking clients through. Imagine you run a company that currently leases office space. As I covered in "Miami Office Rents Just Crossed $200/SqFt — Why Smart Business Owners Are Buying Instead of Renewing in 2026," renting in this market is increasingly a wealth leak. At Okan Tower, you could:

1. Buy your company's office in the Class A office component — converting rent into ownership in a trophy Downtown address.

2. Buy a residence upstairs and walk to work in the same building.

3. Buy a condo-hotel unit and place it in Hilton's professionally managed rental program for passive income.

Three asset types, three tax profiles, one elevator bank. For an entrepreneur thinking in terms of the portfolio roadmap — the kind I laid out in "The Miami Business Owner's Real Estate Tax Playbook" — Okan is a rare chance to assemble multiple building blocks in a single, brand-anchored building.

The Prices

Branded residences at Okan Tower start at $685,000. Pricing runs from roughly $690,000 for a studio up to about $2,800,000 for a three-bedroom residence, with penthouses above that. For a Hilton-anchored supertall in the core of Downtown, a sub-$700K entry point is genuinely accessible — comparable trophy Downtown product, like the building I profiled in "Waldorf Astoria Residences Miami: Inside the 1,049-Foot Supertall Tower," sits at meaningfully higher per-foot pricing.

The condo-hotel units offer a different value proposition: a lower-cost way to own inside the tower with Hilton handling the rental operation, ideal for a buyer who wants brand-managed income without the work of running a short-term rental themselves.

Where It Stands Right Now

This is real and rising. As of early 2026, construction on Okan Tower passed the 48th floor — roughly 70% of the planned 70-story height — with the reinforced-concrete superstructure climbing steadily. Completion is targeted for 2027. That means buyers today are getting in late enough to see the building taking physical shape, but early enough to still access pre-completion pricing before the final inventory and delivery premium.

Why Downtown, Why Now

Downtown Miami has transformed from a nine-to-five business district into a genuine live-work-invest core. The Brightline station, Miami Worldcenter, the waterfront parks, and a wave of branded towers have made it one of the city's most dynamic submarkets. A mixed-use building like Okan thrives precisely in this kind of environment, where office demand, hotel demand, and residential demand all reinforce each other in the same few blocks.

Miami Market Snapshot — April 2026:

- Median condo sale price (Miami-Dade): $450,000 (up 1.12% YoY)

- Total dollar volume: $2.3 billion in April, up 11.97% YoY

- Total active inventory: 16,622 units (down 11.4% YoY) — supply tightening for a third straight month

- Miami remains the No. 1 second-home destination in the world, with its millionaire population up 94% over the past decade

The Honest Considerations

Condo-hotel units come with rental-program splits and operating costs that you should review line by line — the gross numbers are attractive, but the net depends on the management agreement. Class A office ownership is a commercial decision that should be underwritten alongside your CPA and your business plan, not bought on emotion. And as with any pre-construction purchase, completion timelines can move. The upside, though, is that few buildings give you this many strategic options in a single, brand-backed, world-class address.

View the full Okan Tower project page with current pricing, floor plans, and the office and condo-hotel components at carloscabalerealtor.com/new-development/okan-tower.

Frequently Asked Questions

Q: How much do residences at Okan Tower cost?

A: Branded residences at Okan Tower start at $685,000, ranging from about $690,000 for a studio to roughly $2,800,000 for a three-bedroom, with penthouses priced higher. Condo-hotel units inside the Hilton program offer a separate, generally lower-cost entry into the building.

Q: What is included in Okan Tower Miami?

A: Okan Tower is a 70-story mixed-use supertall containing a 294-key Hilton hotel, 236 condo-hotel units, 64,000 square feet of Class A office space, and 163 condo residences plus four penthouses — making it one of the few Miami towers offering hotel, office, and residential ownership in one building.

Q: Can a business owner buy office space at Okan Tower?

A: Yes. Okan Tower includes 64,000 square feet of Class A office space, allowing business owners to purchase their office in a trophy Downtown address rather than continue renting. Many buyers pair an office purchase with a residence or a condo-hotel income unit in the same building.

Q: When will Okan Tower be completed?

A: Okan Tower is targeting completion in 2027. As of early 2026, construction had passed the 48th of its 70 planned floors, meaning the building is well into vertical construction and buyers can still access pre-completion pricing.

Let's find your next property together — whether that's your company's new office, your home, or an income unit in one of Miami's most ambitious towers. Explore the full Okan Tower project on my website: carloscabalerealtor.com/new-development/okan-tower

Carlos Cabale / Partnership Realty Inc / +1 (561) 629-0358 / carloscabalerealtor.com