Apr 28, 2026
Okan Group’s 902-Foot Okan Tower Reaches 75% Completion in Downtown Miami
Traded Editorial
Traded Media
- Okan Group reaches 75% structural completion
- Tower now stands at 50 of 72 floors, with top out expected in August
- Project includes hotel, residential, and office components
What construction progress means for Okan Tower
Okan Tower is moving quickly toward completion, reaching 75% structural progress with 50 floors already built. Construction is advancing at about one floor per week, showing strong execution from the development team. This level of progress reduces risk and builds confidence among buyers and investors. The tower is already becoming a major part of the Downtown Miami skyline.
How the mixed-use design supports value
The project combines several property types into one development. It will include a 316-key Hilton hotel, 236 condo hotel units, 163 residences, and about 64,000 square feet of office space. This mix allows for multiple revenue streams, which helps balance risk. For investors, mixed-use developments like this can provide more stable long-term performance.
Why global demand is strong
Buyers from the United States, Latin America, and Europe have already purchased units in the project. This shows continued global interest in Miami real estate. International buyers are drawn to Miami for both lifestyle and investment reasons. Strong demand supports pricing and helps keep projects on track.
What this means for Downtown Miami
The tower is located near major destinations, including Miami Worldcenter and key cultural sites. This makes it attractive for residents, visitors, and office tenants. Downtown Miami is growing into a dense urban area with strong demand for mixed-use projects. Developments like Okan Tower are helping drive that growth.
What to watch next
The project is expected to top out in August. After that, focus will shift to interior work and final delivery. Okan Tower is set to become one of the most recognizable buildings in Miami, with strong potential for long-term value. Okan Tower shows how large mixed-use developments can attract global demand while transforming city skylines.