Okan Group's 70-Story Hilton Development Reaches Halfway Mark in Downtown Miami

Key Points

• Okan Tower hits the 35th floor, marking the halfway point in vertical construction of the 902-foot supertall

• EB-5 program launched, drawing strong early interest from international investors seeking U.S. residency

• Project to include 316 Hilton hotel rooms, 236 condo-hotels, 163 condos, 60,000 square feet of Class A offices, and 80,000+ square feet of amenities

A Supertall Statement in the Skyline

Miami's luxury high-rise market is getting a major boost from Okan Group, as their signature U.S. development—Okan Tower—hits a critical milestone. Rising at 555 North Miami Avenue, the 70-story tower has now reached the 35th floor, marking its structural halfway point. The project also secured its master construction permit, unlocking full-speed interior work and MEP installations.

Alongside this buildout, Okan has launched its EB-5 investment program, inviting global capital with the added incentive of U.S. green card eligibility—fueling even more momentum for one of Miami’s most ambitious mixed-use towers.

Construction Progress & Specs

• The tower will rise to 70 stories (902 feet), one of the tallest in the city

• Currently topped out at the 35th floor, with completion expected in late 2026 to 2027

• Master construction permit approved, greenlighting mechanical, electrical, and interior systems

Development Details

• Developer: Okan Group (Turkey-based; first U.S. project)

• Architect: Behar Font & Partners

• Sales & Marketing: Fortune Development Sales

• Hotel Partner: Hilton Hotels & Resorts

Mixed-use breakdown:

• 316-key Hilton Miami Bayfront Hotel

• 60,000 square feet of Class A office space

• 236 condo-hotel residences

• 163 Sky Residences

• 80,000+ square feet of amenities including pools, wellness spaces, and retail

EB-5 Program Launched: Capital + Immigration

The recent launch of Okan Tower’s EB-5 offering opens a major funding channel for international buyers. Investors who contribute a minimum of $800,000 to the project can qualify for U.S. residency under the federal EB-5 program.

Why it matters:

• Adds capital flexibility during construction

• Attracts non-traditional buyers looking for visa pathways

• Accelerates pre-sales, particularly from buyers in Asia, the Middle East, and Latin America

The EB-5 launch has already sparked strong interest among foreign investors. With potential policy changes looming that could raise minimum investment thresholds, Okan’s timing appears strategic.

Downtown Miami’s Continued Rise

Located in the heart of Downtown Miami, Okan Tower is steps from Miami Worldcenter, Brightline, and the city’s core arts and entertainment districts. Its arrival signals:

• Rising global capital inflow into Miami real estate

• Confidence in Downtown as a mixed-use hub

• Continued evolution of Miami’s skyline driven by branded luxury and vertical density

Investor Takeaway

Okan Tower is a headline project for Miami’s transformation into a world-class vertical market. With EB-5 now in play, foreign investment should climb, especially as global buyers continue to see Miami as a gateway city.

Yet, the project isn’t without risk. Rising interest rates, construction timelines, and potential oversupply in the luxury segment all remain key factors. Still, with Fortune leading sales, Hilton managing operations, and Okan’s international backing, this supertall is on solid footing.

Expect continued headlines as the tower approaches its 2026-2027 completion and more foreign capital to follow.